Mid-term management plan which does not contribute to shareholders' value | 極東貿易への株主提案に関する特集サイト
会社概要
If our proposals are approved and Kyokuto continues 100% payout ratio, the estimated share price is;
>JPY 4,000(*)
*Calculation based on dividend yield. Please find the detail of calculation in “our shareholder proposals”.

Mid-term management plan which does not contribute to shareholders’ value

On 27th May, Kyokuto released the new medium-term management plan (hereinafter referred to as “Plan”). The term of the Plan is 5 years and the targets are followings. (Source:Announcement of “KBK Breakthrough 2023” medium-term management plan

We are not satisfied with the Plan regarding 2 points. The first is that the Plan cannot increase shareholders’ value. Our continuous proposals regarding the Plan were ignored. The most important thing for the Plan is to increase shareholders’ value. Targets we proposed are followings.
Kyokuto’s targets indicate increasing equity capital decreases shareholders’ value(『Shareholders’ value ignored by the managements』).

The second is the lack of concrete strategies. The previous medium-term management plan was neither for shareholders’ value nor achieved. Kyokuto concludes the reason for the miss as “lack of execution”.
We concern the same thing happens again due to the lack of concrete strategies of the Plan and the lack of explaination of the Plan to investors.

(Source:Announcement of “KBK Breakthrough 2023” medium-term management plan
  • 株式会社ストラテジックキャピタル
 

This website is for AGM in 2019. Please find our latest proposal in 2020 here.

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