Shareholders' Meetings

Latest Update : June 29, 2020

Year 2020

The 74th Ordinary General Meeting of Shareholders

Time June 26 (Friday), 2020, Beginning at 10:00 a.m.
Place Convention Hall Asama
Karuizawa Prince Hotel West
Karuizawa, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture
Materials

To report on:

  1. The Business Report and the Consolidated Financial Statements for the 74th fiscal year (April 1, 2019 to March 31, 2020), and the Audit Report on the Consolidated Financial Statements by the Independent Auditors and the Audit & Supervisory Board were reported at the Meeting.
  2. The Non-Consolidated Financial Statements for the 74th fiscal year (April 1, 2019 to March 31, 2020) were reported at the Meeting.

To vote on:

First Proposal: Election of Twelve (12) Directors

With respect to this proposal, the following twelve (12) Directors were elected as originally proposed and have assumed office:
Messrs. Yoshihisa Kainuma, Shigeru Moribe, Ryozo Iwaya, Tetsuya Tsuruta, Shigeru None, Michiya Kagami, Katsuhiko Yoshida (newly elected), Hiroshi Aso, Kohshi Murakami, Ms. Atsuko Matsumura, Ms. Yuko Haga (newly elected), and Mr. Takashi Matsuoka.
Mr. Kohshi Murakami, Mses. Atsuko Matsumura and Yuko Haga, and Mr. Takashi Matsuoka are Outside Directors.

Second Proposal: Determination of Amount and Content of Performance-Linked Stock Compensation, etc. for Directors

The second proposal was approved as originally proposed.

Results of Exercise of Voting Rights

Agenda item Number of votes for proposal Number of votes against proposal Number of abstentions Voting Results and ratio of voting for proposal
First Proposal :
Election of Twelve (12) Directors
       
Yoshihisa Kainuma 3,556,708 79,606 13,050 Approved (97.45%)
Shigeru Moribe 3,571,535 66,509 11,321 Approved (97.86%)
Ryozo Iwaya 3,581,446 56,598 11,321 Approved (98.13%)
Tetsuya Tsuruta 3,581,446 56,598 11,321 Approved (98.13%)
Shigeru None 3,581,445 56,599 11,321 Approved (98.13%)
Michiya Kagami 3,581,448 56,596 11,321 Approved (98.13%)
Katsuhiko Yoshida 3,560,574 77,470 11,321 Approved (97.56%)
Hiroshi Aso 3,581,448 56,596 11,321 Approved (98.13%)
Kohshi Murakami 3,277,713 371,655 0 Approved (89.81%)
Atsuko Matsumura 3,644,760 4,610 0 Approved (99.87%)
Yuko Haga 3,644,792 4,578 0 Approved (99.87%)
Takashi Matsuoka 3,083,032 558,222 8,110 Approved (84.48%)
Second Proposal :
Determination of Amount and Content of Performance-linked Stock Remuneration Plan for Directors
3,624,086 28,296 41 Approved (99.22%)
(Requirements for approval)
Agenda Item No.1: Resolution shall be approved at the shareholder meeting with a quorum of one-third (1/3) of the voting rights of all shareholders with exercisable voting rights and by a vote of more than half of the voting rights represented thereat.
Agenda Item No.2: Resolution shall be approved by more than half of the voting rights represented at the shareholder meeting.

Notes regarding the calculation of the number of votes exercised by certain of the shareholders at the meeting

All agenda items respectively met the requirements for approval properly, in accordance with the Japanese Company Law, by the sum of the votes exercised up to the day prior to the meeting, plus the number of votes exercised by certain of the shareholders present at the meeting, who could be confirmed with votes for, against or abstaining on each proposal. Consequently, we did not calculate the number of votes for, against or abstaining with respect to shareholders present at the meeting, with the exception of those by aforementioned certain shareholders.

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