MEISEI INDUSTRIAL Co.,Ltd. [1976.T]
TOKYO, May 08 (Pulse News Wire) – Meisei Industrial CO.,LTD. (1976.T) rejected a shareholder proposal submitted by Nippon Active Value Fund plc for its upcoming annual general meeting scheduled for June 25, 2026.
The proposal sought a share buyback of up to ¥1 trillion within one year and changes to the number of outside directors and the timing of the shareholders' meeting. However, the board opposed the proposals citing concerns over potential negative impacts on long-term growth and capital efficiency. In fiscal 2026, the company reported revenue of ¥602 billion and net income of ¥54 billion. Meisei Industrial emphasized its commitment to sustainable dividend policies, aiming for a dividend payout ratio of more than 30%.
The company recently completed a share repurchase worth ¥1.7 billion involving 1.7 million shares in November 2025. Regarding governance, the board believes the current structure provides adequate oversight and flexibility. Implementing the proposed changes could limit director selection options and hinder strategic adaptability. Additionally, altering the record date would complicate administrative processes without clear benefits.
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