TOKYO, May 20 (Pulse News Wire) – Unbanked Inc. (8746.T) held its board meeting today and decided on the schedule and agenda for its upcoming annual shareholders' meeting scheduled for May 20, 2026 at 10 AM.
The meeting will take place at TKP Garden City Shibuya Conference Room 4B, located at Tokyo, Shibuya Ku Ni Choume Building, 4th Floor, Shibuya East Exit. Among the items up for discussion, two key proposals from shareholder Akatsuki Capital Works will be considered. However, the company’s board has made clear their opposition to these proposals. The proposals include the appointment of two directors and three audit committee members. Akatsuki's proposal seeks to replace the entire board, excluding the removal of the current management team.
Despite similarities with previous proposals presented at a special shareholders’ meeting set for June 5, the company remains steadfast in its rejection due to ongoing legal actions against Akatsuki. On December 24, 2025, the company disclosed potential bad debt provisions related to a ¥13 billion uncollected receivable transaction involving Akatsuki. Following this, the company received a report confirming Akatsuki's involvement in orchestrating the problematic deal. In light of recent developments, including a provisional attachment order filed by the Tokyo District Court on February 13 and a civil lawsuit initiated on February 27, the board maintains its stance against all of Akatsuki's proposals. The company asserts that pursuing legal action against Akatsuki is necessary due to their role in the disputed transaction.
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