Daio Paper Corporation [3880.T]
TOKYO, May 26 (Pulse News Wire) – Daio Paper Corporation (3880.T) rejected shareholder proposals aimed at expanding its operations into data centers and related ventures during a board meeting held today. The proposals, submitted by a single individual shareholder holding 311 voting rights (representing approximately 0.01%), were intended for discussion at the company's 115th annual general meeting scheduled for June 29, 2026.
The proposals included plans to amend the company’s articles of incorporation to incorporate data center operations, global capital partnerships for joint data center projects, utilization of water resources for next-generation hyperscale data centers, development of digital hubs, revenue improvement through data center waste heat recycling, and diversification into cellulose nanofiber applications. However, the board concluded that existing business objectives within the current articles of incorporation adequately cover potential expansion areas and thus declined to adopt the proposed amendments.
The board emphasized their commitment to the long-term vision and mid-term business plan without altering the company’s foundational structure.
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