Latest Update : June 29, 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
To report on:
- 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.
- 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
|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.