On March 17, 2023, the Company announced the Voting Results of Extraordinary General Meeting of Shareholders held on March 16, 2023, regarding Re Generation Proposals. The appointment of 4 Directors: Tomonari Obata, Ayana Sato, Katsuji Sugawara, and Takaaki Yoshizawa were rejected. And about dismissal of 6 Board Members: Mr. Keita Nagahori, Mr. Masafumi Ago, Mr. Fumihiko Shirakawa, Mr. Tadao Kawamura, Mr. Naoki Togashi and Mr. Shinya Nagasawa, this proposal also was rejected with the Voting Results.

The Company's arguments have been mentioned previously and the results of the shareholders rejected the activist's proposals.