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TSE has compiled the statistics on dates of Annual General Shareholders Meetings for companies which settle accounts in March 2013. A summary of the statistics is as below.
Summary
-Every year, the highest concentration of annual general shareholders meetings of companies which settle accounts in March occurs on "the business day before the last business day of June" (If this day falls on Monday, this occurs on the Friday of the previous week). This year, 718 (42.0%) out of 1,709 companies included in the statistics are scheduled to hold their annual general shareholders meetings on June 27 (Thu.) which is "the business day before the last business day of June".
-The concentration rate on such day has risen 0.4 points from last year. While the trend up to the fiscal year ended March 2011 had been toward holding their meetings on other days since reaching a peak of 96.2% in March 1995, the rate has not changed much in the past few years.
-The earliest annual general shareholders meeting was May 31 for Scroll Corporation (1st Section, account settlement on Mar. 31), followed by TRUSCO NAKAYAMA CORPORATION (1st Section, account settlement on Mar. 31) on Jun. 07.
In order to create an environment which further facilitates the exercise of voting rights at annual general shareholders meetings, TSE requests listed companies to make efforts to spread out their annual general shareholders meetings (Rule 437, Item 1 of the Enforcement Rules for Securities Listing Regulations). TSE will continue to encourage listed companies to cooperate in further improving the environment for exercising voting rights, including spreading out their annual general shareholders meetings.
(Note) Please understand that the statistics are meant to provide an indication of the spread of annual general shareholders meetings and that TSE will not be able to respond to inquiries on individual dates of annual general shareholders meetings of listed companies.
