TOKYO, Mar 17 (Pulse News Wire) – Life Intelligent Enterprise Holdings CO.,LTD. (5856.T) received a request from shareholder Yoshihiko Yamaguchi for an extraordinary shareholders' meeting scheduled.
The meeting seeks approval for seven proposals, including changes to the company's articles of incorporation to allow cryptocurrency investment and operations, transitioning to a board of auditor system, and relocating the headquarters to reduce costs. In the second quarter of fiscal 2026, the company reported operating losses of 510 million yen and significant doubts about its ability to continue as a going concern. To address these issues, the proposal includes adding cryptocurrency investments to the company’s business scope and moving the headquarters to lower expenses.
Additionally, three new directors—Yoshiya Yamaguchi, Koji Miura, and Akiko Fukua—are proposed for selection, along with external auditor candidate Shou Kaneda. The meeting also proposes revising director compensation to a yearly amount of up to 100 million yen, excluding outside directors who would earn up to 50 million yen annually. Similarly, auditor compensation is set to be determined based on the company’s size and overall compensation structure, aiming for an annual amount of up to 100 million yen.
These proposals aim to fundamentally reconstruct governance and restore market trust while addressing the company’s ongoing financial challenges.
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