MIRAIT ONE Corporation [1417.T]
TOKYO, May 12 (Pulse News Wire) – MIRAIT ONE Corporation (1417.T) rejected a shareholder proposal submitted by Oasis Japan Strategic Fund Y Ltd. for the appointment of an additional outside director who is not a supervisory committee member at its upcoming annual general meeting scheduled for June 24.
The board of directors decided against the proposal during a meeting held today. The proposal suggested appointing early-career executive Hajime Hayakawa as the new non-supervisory committee outside director. MIRAIT ONE cited several reasons for rejecting the proposal, including concerns that Hayakawa's background does not align well with the company’s broad environmental and social innovation initiatives.
The board also noted that the current composition of independent external directors provides sufficient oversight and governance functions. In fiscal 2025, MIRAIT ONE reported record-high revenues of ¥602.4 billion and operating profit of ¥343 billion, demonstrating strong performance across key growth areas such as urban development and enterprise digital transformation projects. The company believes its existing board structure supports sustainable growth and long-term value creation.
The rejection highlights MIRAIT ONE’s confidence in its current governance framework and strategic direction.
🔴 Confidence: Review recommended AI-translated content.