Mizuho Financial Group, Inc. [8411.T]
TOKYO, May 15 (Pulse News Wire) – Mizuho Financial Group,inc. (8411.T) rejected a shareholder proposal aimed at requiring the disclosure of risk metrics related to Orient Corporation's potential inclusion in its consolidated financial statements during its upcoming annual general meeting scheduled for June 26.
The proposal, submitted by two shareholders, sought to mandate the calculation and public release of key indicators such as RWAs (Risk-Weighted Assets) should Orient Corporation become a subsidiary through unforeseen circumstances. Mizuho’s board argued against the measure, stating that hypothetical scenarios could mislead investors and create confusion.
Mizuho maintains that its consolidated financial reports adhere to recognized accounting standards and are audited annually. The company also emphasized that its governance structure respects the independence of Orient Corporation while adhering to legal requirements.
In addition, the board noted that incorporating such specific operational details into the articles of incorporation would exceed typical scope and was therefore inappropriate.
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