It turns out that overseas "speaking" shareholders, who were opposed to Toshiba's plan to split the company, withdrew the bill that was scheduled for next month's extraordinary shareholders' meeting.
The bill argued that if a company were to proceed with its plans, it should be strict with the approval of more than two-thirds of its shareholders.
In November last year, Toshiba put together an unusual plan to split the company with the aim of further increasing corporate value, and plans to confirm the intentions of shareholders at the extraordinary general meeting of shareholders next month.
If an overseas asset management company known as a shareholder who says things opposes this plan and then proceeds with the plan, it is more difficult to get approval from more than two-thirds of the shareholders at the general meeting of shareholders. I was proposing that it should be a condition.
According to Toshiba, shareholders have informed us that this proposal will be withdrawn on the 21st.
Regarding the company split plan, Toshiba initially set it as "three splits", but this month it will change it to "two splits" and will return 300 billion yen to shareholders over the next two years. We have also set out a policy.
Shareholders have not commented on why they withdrew the bill.
In addition, we have not withdrawn the bills that are submitted separately to request the "unlisting" of the company at this time.
At Toshiba, the conflict with shareholders who say things has deepened over the past few years, and it is unclear whether the company's split plan will be approved, but the focus will be on how this shareholder response will affect it.