On May 20, 2024, Sata Construction Co., Ltd. announced in its press release that UGS Asset Management Co., Ltd. had submitted a proposal for the General Meeting of shareholders to be held in June 2024. The proposal is as follows: Appropriation of Surplus. The company has opposed the proposal stating that the Shareholder Proposal seeks ¥58 per share, equivalent to a DOE ratio of 6%, which it is considered excessive, and the need for continued growth investment is not considered.

In addition, the company judges that this shareholder proposal lacks balance and will not lead to the "sustainable improvement of corporate value" and "continuous improvement of the common interests of shareholders," which the company is aiming for.