One of the items to be approved at the meeting is the change among the board members. During deliberations in the Nomination and Remuneration Committee, current executive officers Yasuo Tobiyama and Eisuke Nagatomo were chosen as candidates for managing director, and it is expected that both will be approved as managing directors at the shareholders' meeting. Furthermore, current managing director Takushi Shimoda will resign from TSE at the meeting.
The board of directors also decided to introduce to the meeting for approval an item concerning the acquisition of treasury stock. With the listing of its own stock scheduled for 2005, as a first step in smoothly implementing its capital policy TSE aims to enact treasury purchases to meet the selling needs of its shareholders. TSE will set limits of up to 300,000 regular shares and 8.5 billion JPY for these purchases.
