IINO KAIUN KAISHA,LTD. [9119.T]
TOKYO, May 12 (Pulse News Wire) – Iino Kaiun Kaisha,ltd. (9119.T) announced its opposition to shareholder proposals submitted by LIM Japan Event Master Fund ahead of its upcoming annual general meeting scheduled for June 26.
The board unanimously rejected four key proposals, including the abolition of large-scale share purchase behavior policies, changes to director remuneration disclosure, dividend distribution, and self-share repurchase plans. Regarding the proposal to abolish large-scale share purchase behavior policies, the board argued that such measures could hinder long-term strategic planning and potentially damage the company's value. They emphasized their existing policy ensures protection against opportunistic takeovers while maintaining flexibility for beneficial acquisitions. For the proposal to individually disclose director remuneration, the board stated that their current process already guarantees transparency and fairness through independent oversight committees. They maintained that individual disclosure was unnecessary and could undermine the effectiveness of incentive structures aimed at sustainable growth and capital efficiency.
On dividend distribution, the board opposed setting a higher payout ratio, citing concerns that it would impede investment in growth initiatives and jeopardize future profitability. Instead, they committed to a balanced approach focusing on stable returns and strategic reinvestment. Lastly, the board rejected the proposed self-share repurchase plan due to uncertainty around market conditions and the need for flexible capital management strategies. They stressed the importance of retaining sufficient internal reserves to support ongoing investments and maintain financial discipline. This decision reflects the board’s commitment to enhancing shareholder value through strategic investments and operational improvements aligned with their mid-term business plan.
🔴 Confidence: Review recommended AI-translated content.