Source disclosure: February 24, 2026
TOSHIN HOLDINGS CO.,LTD [9444.T]
TOKYO, Feb 24 (Pulse News Wire) – Toshin Holdings Co.,ltd (9444.T) rejected a shareholder request for an extraordinary general meeting aimed at removing President Masafumi Ishida and appointing a new director. The board decision was made during its February 24 meeting.
The request came from Jet Corporation, which argued that the removal of Ishida would help secure fair audit opinions and lift special attention status imposed by the Tokyo Stock Exchange. However, Toshin Holdings believes such actions could harm the interests of other shareholders and stakeholders.
In response to past accounting irregularities, Toshin Holdings established an internal verification committee on January 9, 2026, to address issues highlighted by external investigations. Despite efforts to improve governance and negotiate repayment plans with lenders, the company concluded that granting the extraordinary meeting would cause unnecessary burdens and potential damage to various stakeholders.
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