【Yamato Electric】 Shareholder Proposal Withdrawal｜May 2026

Withdrawal of Shareholder Proposals and Future Policy

Yamato Electric announced on May 18, 2026, that all shareholder proposals had been withdrawn. The proposing shareholders were INTERTRUST TRUSTEES (CAYMAN) LIMITED and Strategic Capital Co., Ltd., and the proposals covered a range of topics including director appointments and stock splits. The reasons for withdrawal are not explicitly stated, but the company believes that the publication of its 10th Medium-Term Management Plan has deepened understanding of its commitment to sustainable corporate value enhancement. The company also states that it will continue to uphold its corporate philosophy and aim to ensure sustainable growth and the interests of stakeholders over the medium to long term.

Future Outlook and Corporate Stance

Yamato Electric will continue to promote management in line with its medium-term management plan, focusing on enhancing corporate value and protecting stakeholders' interests. Although the proposals have been withdrawn, no discussions on the proposals will take place. The company intends to prioritize transparency and sustainability, executing its long-term growth strategies.