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% | +2.91% | +11.96% |
EPS Revisions
1st Jan change | Capi. | |
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+11.96% | 446M | |
+5.36% | 7.96B | |
+0.11% | 5.18B | |
+22.40% | 3.27B | |
-20.63% | 2.59B | |
+1.88% | 2.62B | |
-7.87% | 2.17B | |
+48.96% | 2.06B | |
+45.23% | 1.74B | |
+12.53% | 1.62B |
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