This page contains the shareholders meeting notice, shareholders meeting report and resolution notice concerning resolutions that have been approved, all of which are sent to shareholders pursuant to Article 299 of the Corporation Law. In accordance with Article 299, the directors must, as a rule, send the shareholders meeting notice no later than two weeks before the day of the shareholders meeting.
The 37th Ordinary General Meeting of Shareholders
|Date and Time||June 17, 2016 (Friday) at 10:00 a.m.|
|Place||Osaka Castle Hotel, 6F Hall
1-1, Tenmabashikyomachi Chuo-ku, Osaka
Shareholders' Meeting Resolutions
The following presents the number of votes in favor, opposed or abstained for the matters to be resolved at the year ended March 31, 2016, general shareholders' meeting, the requirements for the resolutions to be passed and the results of voting.
|Resolutions||Approval Votes||Votes Opposed||Abstained Votes||Approval Rate (%)||Voting Results|
Proposed Appropriation of Retained Earnings
Partial Amendments to Articles of Incorporation
Election of Seven (7) Directors (excluding Directors who are members of the audit and supervisory committee)
Election of Five (5) Directors who are members of the audit and supervisory committee
Election of One Director who is a substitute member of the audit and supervisory committee
Determination of Amounts of Remuneration for Directors (excluding Directors who are members of the audit and supervisory committee)
Determination of Amounts of Remuneration for Directors who are members of the audit and supervisory committee
Notes: Conditions for each proposal to be passed
- (1) For the first, sixth and seventh proposals, the approval of a majority of shareholders in attendance.
- (2) For the second proposal, at least one-third of the company's shareholders with voting rights are in attendance and at least two-thirds of the said shareholders in attendance approve.
- (3) For the third, fourth and fifth proposals, at least one-third of the company's shareholders with voting rights are in attendance and a majority of the said shareholders in attendance approve.
- (4) The approval percentage is calculated as follows:
Approval percentage = Number of votes in approval (votes exercised prior to the meeting ＋ a portion of shareholders in attendance on the day of the meeting) ÷ Number of votes (votes exercised prior to the meeting ＋ shareholders in attendance on the day of the meeting)
- The reason why a portion of the voting rights of shareholders in attendance were not added to the total number of voting rights:
The total confirmed number of votes in approval from the votes exercised prior to the meeting and a portion of the shareholders in attendance on the day of the meeting fulfilled the requirements for each proposal. As a result, the number of voting rights for which confirmation was not made in terms of approval, opposition or abstention from shareholders in attendance on the day of the meeting were not counted because the proposals were legitimately approved in accordance with the Companies Act of Japan.
Question and Answer Summary
In accordance with transferring to a company with an audit and supervisory committee, one of the executive directors is a candidate for director and member of the audit and supervisory committee. Will there be any changes in the said candidate’s influence or comments following their appointment as a director and member of the audit and supervisory committee?
Should the resolution be approved at this ordinary general meeting, the said candidate will be a director and member of the audit and supervisory committee on the Board of Directors going forward.
The game industry can change drastically, thus we believe that the mission given to the audit and supervisory committee is to "drive our growth strategy forward and improve the corporate value of our company via healthy and sustainable growth".
It is our desire that members of the audit and supervisory committee carry out discussions regarding not only issues of legitimacy, but also issues of propriety in order for the company to stably grow moving forward.
As you have pointed out, because we have voting rights as directors, we desire to live up to your expectations and will do so via audit and supervisory committee members fulfilling their functions and carrying out discussions within contexts that include the Board of Directors.
The Past Ordinary General Meeting of Shareholders
Please see "The Past Ordinary General Meeting of Shareholders" for the details of past shareholders meetings.