Komori
Governance9882YELLOW HAT LTD.Trading & Wholesale

Notice Concerning the Board of Directors’ Opinion on the Shareholder Proposal

The Board of Directors resolved to oppose all 3 proposals submitted by shareholders: changing the body responsible for determining dividends, an additional dividend, and revisions to restricted stock compensation.

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Governance structure

Committee1
Nomination and Remuneration Committee (percentage of outside committee members: 非開示)
Changes this time

The Board of Directors resolved to oppose all 3 shareholder proposals. There is no statement that the company's corporate governance structure or committee composition has been changed.

Governance structure
ItemDetails
CommitteeNomination and Remuneration Committee (percentage of outside committee members: Not disclosed)
Changes this timeThe Board of Directors resolved to oppose all 3 shareholder proposals. There is no statement that the company's corporate governance structure or committee composition has been changed.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

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 Board of Directors opposed all 3 proposals on the grounds that the company needs an agile and flexible capital policy and decision-making, a shareholder returns policy combining dividends and share buybacks, a balance with growth investment, and its existing objective compensation determination process, among other reasons.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Board of Directors’ Opinion on the Shareholder Proposal | YELLOW HAT LTD. (9882) timely disclosure | Komori