Contents of this filing
The company received a shareholder proposal for a share repurchase from 1 shareholder, and the board resolved to oppose it.
この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。
| Item | Details |
|---|---|
| Changes this time | The company received a shareholder proposal for a share repurchase from 1 shareholder, and the board resolved to oppose it. |
Items this document does not state (7)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The need to maintain a certain level of cash on hand because the future operating environment is uncertain due to such factors as amendments to and the enforcement of logistics-related legislation and restructuring in the publishing industry; the proposal is inconsistent with the shareholder return policy centered on stable dividends because it would uniformly set the number of shares, amount and period of the repurchase at the general meeting of shareholders; and the policy is for the board to make flexible decisions on share repurchases based on share price levels, share liquidity and the business environment.