Y.A.C.HOLDINGS CO.,LTD. [6298.T]
TOKYO, Apr 15 (Pulse News Wire) – Y.a.c.holdings CO.,LTD. (6298.T) received a shareholder proposal related to its upcoming 54th annual general meeting scheduled for June 2026.
The proposal, submitted by a single individual shareholder holding 824 voting rights (representing 0.46% of total voting rights), includes two items: surplus distribution and amendments to the articles of incorporation. The shareholder proposes increasing the annual dividend per share to ¥50. Currently, the interim dividend stands at ¥20 per share, hence the proposed final dividend would be ¥30 per share. The proposal cites the lack of progress since 1994, when the stock price was ¥3,450, noting that even the May 2023 price of ¥1,805 has not been surpassed.
It argues that enhancing dividends could boost the company's valuation. Additionally, the shareholder suggests amending the articles of incorporation to ensure board diversity by actively appointing suitable individuals regardless of gender or nationality. This move aims to establish Y.A.C.HOLDINGS as a truly international and sustainable century-old enterprise, emphasizing the importance of being recognized as a growth company in the stock market. The company plans to follow the same procedures outlined in their own proposals concerning the types of distributable assets, effective date of dividend distribution, and payment commencement date.
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