On May 12, 2023, DKK-Toa Corporation announced in its press release that it had decided to oppose the proposal submitted by Nihon Global Growth Partners Management, Inc. The proposal on Appropriation of Surplus states that dividends per common stock will be 65% of total amount divided by total amount of common shares. The Company opposes the proposal stating that it seeks to secure cash on hand to ensure stable and continuous return of profits to shareholders and for investments, however, the proposal does not consider the need to secure cash on hand and is based on a short-term perspective which will not contribute to improving the Company?s corporate value.