 |
|
|
Place |
New Takanawa Prince Hotel, "Hiten" Main Banquet Hall |
Date |
Thursday, June 24, 2004 |
Start Time |
10:00 a.m. |
End Time |
11:42 a.m. |
Participating
Shareholders |
31,431 (including 376 shareholders attending the meeting on the day) |
|
| | |
|
The Business Report, Balance Sheet, and Statement of Income for fiscal 2003 [1] were presented.
| [1] |
From April 1, 2003, to March 31, 2004 |
Proposal 1: Appropriation of Retained Earnings for the 20th Business Period |
| | |
|
The proposal was approved and passed in its original form. (The dividend has been fixed at 2,400 yen per share.)
|
|
Proposal 2: Partial Change to the Articles of Incorporation |
| | |
|
The proposal was approved and passed in its original form. The details of the change are explained in the PDF file available below entitled "Notice of The 20th Annual Meeting of Shareholders." (Proposed Change to the Articles of Incorporation)
|
|
Proposal 3: Issue of New Stock Reservation Rights with Advantages to Non-shareholders |
| | |
|
The proposal was approved and passed in its original form. Up to 1,000 new stock reservation rights will be issued to Members of the Board, Vice Presidents, Executive Directors, Advisers, Auditors, and employees of the Company and its subsidiaries, affiliates, etc.
|
|
Proposal 4: Partial Changes to the Conditions of Executing New Stock Reservation Rights and to the Reasons and Conditions of Repaying the Rights |
| | |
|
The proposal was approved and passed in its original form. In view of future personnel exchange among our Group companies, we have revised the conditions of executing new stock reservation rights and to the reasons and conditions of repaying the rights for the purpose of increasing incentives for those entitled to the new stock reservation rights of the Company.
|
|
Proposal 5: Election of 4 Auditors |
| | |
|
The proposal was approved and passed in its original form. Messrs.Akira Hioki, Yoshiaki Tsuji, Hideki Ishida and Katsuaki Watanabe have been elected and appointed as Auditors.
|
|
Proposal 6: Presentation of Retirement Allowance to the Retiring Auditors |
| | |
|
The proposal was approved and passed in its original form. The Company will be granting retirement allowances to the retiring auditors of Messrs.Toshiaki Terui and Osamu Ando to reward them in recognition of their service. The amount of the retirement allowances will be 16,500,000 yen in total.
It was decided that the allocation, and the time and manner of the presentation, etc., of the retirement allowances be left to the independent judgment and discretion of the Auditors.
|
|
Proposal 7: Arrangement and Payment of Retirement Allowances to the Members of the Board and the Auditor in Consequence of the Discontinuation of the Executive Retirement Allowance System |
| | |
|
The proposal was approved and passed in its original form. The Company will be arranging and granting retirement allowances to the current Members of the Board, Messrs.Mitsuo Igarashi, Tadashi Onodera, Masahiro Yamamoto, Nobuhiko Nakano, Yasuhiko Ito, Satoshi Nagao, Nobuo Nezu, and Hirofumi Morozumi, as well as to the reappointed Auditor Akira Hioki, in recognition of their service. The amount will be based on the term of office of each person between the time of the appointment and the closure of this Annual Meeting of Shareholders. Specifically, the amount of allowances to the Members of the Board will be 125,287,000 yen in total and the amount to the Auditor will be 2,200,000 yen. The payment will be made at the retirement of each Member of the Board and Auditor.
It was decided that the allocation and the manner of the payment, etc., of the retirement allowances for the Members of the Board be left to the independent judgment and discretion of the Board meeting, and that those for the Auditor be left to the independent judgment and discretion of the Auditors.
|
|
|
| | |
|
|
