On June 26, 2024, Yodogawa Steel Works, Ltd. announced it held its Extraordinary General Meeting of Shareholders on June 25, 2024 and according to the results, the shareholder proposal by Strategic Capital, Inc on, i) Amend the Articles of Incorporation (regarding the decision making body for determining the distribution of surplus), ii) Amend the Articles of Incorporation (Appropriation of surplus), iii) Amend the Articles of Incorporation (Establishment and disclosure of a plan to achieve a P/B ratio of 1x or more), vi) Amendment to the Articles of Incorporation regarding the Shareholder Special Benefit Plan, vii) Abolition of the shareholder special benefit plan, viii) Amendment to the Articles of Incorporation regarding cancellation of treasury stock, ix) Cancellation of treasury stock were rejected. Proposals 2, 5 and 7 are not counted in the number of voting rights as Proposals 1, 4 and 8 respectively were rejected.