EF-ON Inc.
Notice on the Board of Directors’ Opinion regarding shareholder proposals
A shareholder proposal was received, but the board resolved to oppose. The proposal includes changes to the Articles of Incorporation to designate the decision-making body for retained earnings dividends and disposal of surplus, and proposes a specific dividend of 30 yen per share; the company states that it supports a proactive capital policy under the current Articles of Incorporation.
Key Figures
- 1 share: proposed dividend 30 yen (as proposed)
- Year-end dividend record date: 2026-10-16
- Total dividends: unknown
AI要約
Section heading
This IR discloses the shareholder proposal; the Board opposes the current Articles of Incorporation that assign authority for decisions on retained earnings and dividends to the Board of Directors through the articles. The proposing shareholder argues for changing the dividend decision to be approved by the General Meeting of Shareholders and for introducing an interim dividend, raising questions about the consistency with balancing shareholder returns with growth investments.
Section 2 heading
The company regards power retail, wood biomass power generation, and forestry as pillars for medium- to long-term corporate value enhancement, and believes a flexible capital policy and dividend policy should be maintained. Since adoption of the proposal could affect current financial soundness and future investment plans, the conclusion is to oppose it.
EFON
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