TOKYO, May 14 (Pulse News Wire) – NAKANO CORPORATION (1827.T) rejected a shareholder proposal submitted by LIM Japan Event Master Fund for changes to its articles of incorporation and dividend policy at its upcoming annual general meeting scheduled for June 26. The board opposed proposals to eliminate advisory roles, disclose individual director compensation, distribute surplus funds, and repurchase shares.
The company cited effective governance and capital allocation strategies aligned with its mid-term plan “Midterm Plan 86,” which prioritizes sustainable growth and profitability through targeted investments rather than large-scale share buybacks. NAKANO plans to maintain a dividend payout ratio of around 30%, with a minimum distribution equivalent to 50% of distributable earnings per share for fiscal years ending March 2026 to March 2028.
The company intends to implement these policies to enhance shareholder value while ensuring financial stability and investment flexibility.
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