TOKYO, May 21 (Pulse News Wire) – Secom CO.,LTD. (9735.T) rejected a shareholder proposal submitted by Lonschan SICAV (agent Dalton Investments Inc.) ahead of its upcoming June 26 extraordinary general meeting.
The proposal sought changes to the company's articles of incorporation aimed at enhancing capital cost awareness and altering the record date for annual shareholders meetings. In a statement, the board cited ongoing efforts to align with Tokyo Stock Exchange requirements without necessitating amendments to the articles of incorporation. It emphasized SECOM’s commitment to executing its “Road Map 2027” strategy, which includes growth investments mindful of capital costs. The company also highlighted continuous discussions on capital policies within the board and regular disclosures on capital efficiency initiatives.
Regarding the proposed change to the record date for annual shareholders meetings, SECOM argued that moving it to May 15 would not achieve the intended dispersion of meeting dates and could complicate dividend distribution timelines, conflicting with legal stipulations. The board maintained that existing procedures adequately support informed decision-making by shareholders. SECOM stated it remains dedicated to providing comprehensive information to enhance shareholder engagement and decision-making processes. The company plans to continue optimizing its capital allocation and portfolio management strategies while ensuring sustainable growth and consistent returns to shareholders.
🟡 Confidence: Standard AI-translated content.