On April 19, 2023, Strategic Capital Inc. started its activist campaign against TACHI-S Co., Ltd. by submitting a request to convene an Extraordinary General Meeting of Shareholders for the following proposals: (i) Increase the Dividend on Equity (DOE) to 6%: Set the dividend payment to a DOE of 6%, (ii) Dispose of cross-shareholdings: Set a dividend payment of one Tokyo Boshoku share for every 27 shares held or the equivalent in cash, (iii) Revision of the provisions of articles with regard to cross-shareholdings: The Board shall assess each cross-shareholding, specifically examining whether the purpose of holding is appropriate and whether the benefits and risks cover the cost of capital. At least once a year, sound the Company's intention to sell its cross- 2 shareholdings with the issuer and disclose the response in the Corporate Governance Report.
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5-day change | 1st Jan Change | ||
2,013 JPY | -0.84% | +1.82% | +11.96% |
EPS Revisions
1st Jan change | Capi. | |
---|---|---|
+11.96% | 45Cr | |
+5.60% | 795.51Cr | |
-1.30% | 518.3Cr | |
+21.53% | 327.07Cr | |
+1.88% | 261.66Cr | |
-11.14% | 216.54Cr | |
+47.28% | 206.12Cr | |
+43.32% | 174.49Cr | |
+12.53% | 162.48Cr | |
-32.43% | 135.48Cr |
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