【Meiji Holdings】Opposition to Shareholder Proposal | May 2026

Details of the Shareholder Proposal and the Board of Directors' Opinion

Meiji Holdings received shareholder proposals for the June 2026 Annual General Meeting of Shareholders, but the Board of Directors expressed opposition to these proposals. The proposals include the establishment of a Strategy Review Committee, share buyback, approval of a stock compensation plan, changes to the composition of directors, and a change to the record date for the general meeting. The Board judges all of these to be consistent with the existing governance system and capital policy. The Board is confident in the current management supervision system utilizing existing governance and specialized expertise, and opposes the proposals due to concerns about delays in decision-making and unclear accountability caused by their introduction.

Future Policies and Message to Shareholders

The company indicates its ongoing commitment to strengthening corporate governance, including increasing the proportion and quality of independent outside directors, emphasizing information disclosure and dialogue with shareholders and investors. While expressing opposition to the proposals, it continues to implement measures to enhance corporate value and seeks understanding and support from shareholders.