SAAF Holdings Co.,Ltd.
Notice: Court Ruling Regarding Action Seeking Declaration of Non-Existence of Resolutions at Extraordinary General Meeting Convened by Our Shareholders
The court delivered its judgment in this litigation at the Tokyo District Court, and the defendants' claims were upheld. The judgment cancels many resolutions concerning dismissals and the election of proposed director candidates; it is not yet final, but the Company will not appeal and no impact on financial results is expected. The Company will promptly make further disclosures if additional information arises.
Key Figures
- Court of judgment: Tokyo District Court
- Judgment date: 2026-11-11
- Subject of litigation: Cancellation of resolutions at the extraordinary general meeting concerning dismissal resolutions and election resolutions for proposed director candidates
- Plaintiffs: Naoyuki Sanada and 7 others (current officers)
- Defendants: The Company and related directors
AI要約
Overview of the News
SAAF Holdings Co.,Ltd. announced that the judgment in the lawsuit concerning the extraordinary general meeting held on May 12, 2026, was delivered by the Tokyo District Court on November 11, 2026. The lawsuit sought a declaration of non-existence and cancellation of resolutions to dismiss directors and to elect proposed director candidates, and the court ruled to cancel those resolutions. The plaintiffs had filed suit naming a total of 14 individuals, including seven current directors and seven proposed director candidates presented by Mr. Maeshi.
Future Response and Impact
This judgment is not final at present, and the Company has decided not to appeal. The Company will promptly make timely disclosures if additional information arises. The judgment is not expected to have an impact on the Company's financial results.
SAAF Holdings Co.,Ltd.
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