Mayor of Osaka Matsui Mayor of Kanden executives dismissed Considered convocation of extraordinary general meeting of shareholders October 3, 18:37

Regarding the issue of receipt of goods exceeding 300 million yen by executives of Kansai Electric Power, Mayor Matsui of Osaka City, the largest shareholder, held an extraordinary general meeting of shareholders to dismiss the executive who received the goods at the city council held on the 3rd. Clarified that they are considering convocation.

Kansai Electric Power's top executives and others will receive over 300 million yen in the receipt of goods over 300 million yen. The Osaka City Council's fiscal general affairs committee held on the 3rd, the Osaka Ishinkai, LDP, and Komeito are the largest shareholders of Kansai Electric Power. We took action from Osaka City.

On the other hand, Mayor Matsui said, “We are thinking of a shareholder proposal to request the extraordinary general meeting of shareholders and dismiss the director who received the money. To make a majority proposal such as joint proposals with other shareholders, "We are calling for a call," he said, and he is considering contemplating an extraordinary general meeting of shareholders to dismiss the executive who received the money.

After that, “Assuming that the value of stock, which is the property of Osaka citizens, was damaged and it was deemed that the company had been damaged, we will proceed with discussions in consultation with specialists for a shareholder representative lawsuit.”

In addition, the Komei Party asked a member of the third-party committee established by Kansai Electric Power whether he intends to recommend Toru Hashishita, the mayor of Osaka City, while Mayor Matsui said, “Mr. Hashishita is a strong candidate. I think it wasn't decided as a city, but I would like to consult with the department in charge and send the right people. "