Investor Presentaiton
2023 Guidelines Updates - Excessive Strategic Shareholding
Result of the application of the updated policy on excessive
strategic shareholding at the general meeting of shareholders in February and March 2023
Excessive Strategic Shareholding
0.3%
6.6%
6.1%
4.0%
Results:
Less than 10% of consolidated net
assets (GL Rec "For"): 83.1%
Exception clause applied (GL Rec "For"): 6.4%
GL Rec "Against": 10.6%
83.1%
■(GL Rec "For") 10% or more of net assets
■(GL Rec "For") 10 to 20% & 5% or more 5 yr avg ROE
■(GL Rec "For") 20% or more & reduction targets disclosed
■(GL Rec "Against") 10 to 20% & less than 5% 5 yr avg ROE
■(GL Rec "Against") 20% or more & no reduction targets disclosed
What we would like you to consider:
。 Clear reduction plan (including scale and
timeline of reduction).
o Disclose the latest holding and reduction
status in the notice of meeting.
o Explain in detail the purpose of the holdings in
the securities report.
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