TOKYO, May 21 (Pulse News Wire) – Sanyo Denki CO.,LTD. (6516.T) announced today that it has received notice from INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP and STRATEGIC CAPITAL CORPORATION, who had previously submitted shareholder proposals for consideration at its upcoming 124th Ordinary General Meeting scheduled for June 18, 2026.
At a board meeting held today, SANYO DENKI agreed to withdraw all five proposed items: 1. Appointment of one director 2. Amendment to the term of directors' tenure in the articles of incorporation 3.
Review of capital policy and amendment to the articles of incorporation 4. Amendment to the articles of incorporation related to stock split 5. Amendment to the articles of incorporation concerning stock split and the total number of shares issuable No specific reasons were provided for the withdrawal, but the company believes the shareholders understood its recently announced 10th Mid-Term Business Plan aimed at sustainable value enhancement.
In a statement, SANYO DENKI reaffirmed its commitment to its mission of fostering sustained growth within the group and safeguarding the long-term interests of all stakeholders while upholding its corporate philosophy of pursuing happiness for everyone and realizing dreams together.
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