Latest Update : July 14, 2021
The 75th Ordinary General Meeting of Shareholders
|Time||June 29 (Tuesday), 2021, Beginning at 10:00 a.m.|
|Place||Convention Hall Asama
Karuizawa Prince Hotel West
Karuizawa, Karuizawa-machi, Kitasaku-gun, Nagano Prefecture
(Video of the briefing on items on the agenda with English subtitles: approx. 10 min.)
To report on:
- The Business Report and the Consolidated Financial Statements for the 75th fiscal year (April 1, 2020 to March 31, 2021), 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 75th fiscal year (April 1, 2020 to March 31, 2021) were reported at the Meeting.
To vote on:
First Proposal: Appropriation of Surplus
The first proposal was approved as originally proposed, and it was resolved that the amount of the year-end dividends of the 75th business period would be 14 yen per share of an ordinary dividend, plus 8 yen per share of the anniversary dividend; therefore, the total dividend would be 22 yen per share.
Second 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, Shigeru None, Michiya Kagami, Katsuhiko Yoshida, Hiroshi Aso and Kohshi Murakami, Mses. Atsuko Matsumura and Yuko Haga, and Messrs. Hirofumi Katase (newly elected) and Takashi Matsuoka. Mr. Kohshi Murakami, Mses. Atsuko Matsumura and Yuko Haga, and Messrs. Hirofumi Katase and Takashi Matsuoka are Outside Directors.
Third Proposal: Amendment of Remuneration for Outside Directors
The third proposal was approved as originally proposed, and it was resolved that the annual remuneration for Directors would be not more than 1.5 billion yen (including remuneration of up to 70 million yen per year for Outside Directors). The remuneration for Directors shall continue to not include salaries paid to Directors who are concurrently employed by the Company.
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 :
Appropriation of Surplus
|Second Proposal :
Election of Twelve (12) Directors
|Yoshihisa Kainuma||3,515,168||78,026||227||Approved (97.82%)|
|Shigeru Moribe||3,569,082||24,319||25||Approved (99.32%)|
|Ryozo Iwaya||3,573,096||20,305||25||Approved (99.43%)|
|Shigeru None||3,573,111||20,290||25||Approved (99.43%)|
|Michiya Kagami||3,573,160||20,241||25||Approved (99.43%)|
|Katsuhiko Yoshida||3,573,091||20,310||25||Approved (99.43%)|
|Hiroshi Aso||3,573,169||20,232||25||Approved (99.43%)|
|Kohshi Murakami||2,926,886||666,514||25||Approved (81.45%)|
|Atsuko Matsumura||3,586,339||7,062||25||Approved (99.80%)|
|Yuko Haga||3,586,367||7,034||25||Approved (99.80%)|
|Hirofumi Katase||3,591,255||2,146||25||Approved (99.94%)|
|Takashi Matsuoka||2,748,159||845,239||25||Approved (76.48%)|
|Third Proposal :
Amendment of Remuneration for Outside Directors
|Agenda Item No.1 and No.3:||Resolution shall be approved by more than half of the voting rights represented at the shareholder meeting.|
|Agenda Item No.2:||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.|
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.