HS Holdings Rejects Shareholder Proposal for Mid-Term Business Plan Changes

TOKYO, May 21 (Pulse News Wire) – HS Holdings CO.,LTD. (8699.T) rejected a shareholder proposal submitted by Nanahoshi Management Co., Ltd.

And the Nanahoshi Investment Limited Partnership for its upcoming annual general meeting scheduled on June 26. The proposal seeks changes to the company’s articles of incorporation requiring the formulation of a three-year mid-term business plan and mandatory disclosure of certain performance metrics. The board cited concerns that such detailed requirements could constrain flexible decision-making and potentially harm long-term value creation.

They noted that the company currently does not adhere to fixed-term mid-term plans due to the unpredictable nature of international markets and regulatory environments affecting its diverse operations. Additionally, the board argued that disclosing sensitive investment strategies and capital allocation details could undermine competitive advantages and future negotiation flexibility. In rejecting the proposal, HS Holdings emphasized its commitment to transparent communication and constructive dialogue with shareholders while maintaining operational flexibility.

The company stated it would continue to pursue initiatives aimed at enhancing enterprise value and shareholder interests through timely and appropriate information disclosure.