"Tokyo Dome" director dismissal "Investment fund demands general meeting of shareholders

"Tokyo Dome" director dismissal "Investment fund demands general meeting of shareholders October 19, 18:20

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A foreign investment fund, which is a major shareholder, holds an extraordinary general meeting of shareholders to dismiss three directors including the president for the operating company of "Tokyo Dome" whose business performance is sluggish due to the influence of the new coronavirus. It became clear that we were asking for it.

This was announced on the 19th by "Tokyo Dome," a business company that operates Tokyo Dome and adjacent hotels.

According to this, as of the end of January, 10 directors held an extraordinary general meeting of shareholders from "Oasis Investment", an investment fund based in Hong Kong, which is a major shareholder with more than 3% of the shares of Tokyo Dome. Among them, a document has arrived requesting consultation on a bill to dismiss three people, including President Tsutomu Nagaoka.

As a reason for requesting dismissal, the fund side continues to manage inefficiently because the management refused to talk about proposals for business improvement measures such as selling the naming rights of Tokyo Dome and reviewing hotel operations. It means that you are mentioning that.

At Tokyo Dome, the holding of events is restricted due to the influence of the new coronavirus, and the financial results of the entire group are expected to fall into the final deficit of 18 billion yen this year.

Regarding this request, Tokyo Dome said, "Since June, when the last interview was held, there has been no request for an interview. I am confused because I received a one-sided proposal while adjusting the schedule of the dialogue." , Will carefully consider whether to convene an extraordinary general meeting of shareholders.

Under the Companies Act, shareholders who have held 3% or more of their voting rights for six months or more may request the convocation of a general meeting of shareholders, and if it is still not held, they will be able to obtain the permission of the court. It is a mechanism that can be convened.