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2007 2006 2005 2004 2003 2002 2001
the year of 2005
The general meeting will be held on Saturday, 25th June.
Approval of the proposed appropriation of retained earnings
Management seeks shareholder approval for the proposal concerning appropriation of retained earnings for the fiscal year ended as of the following date in accordance with the business report to be sent to shareholders. Management also proposes the following dividend.
Fiscal year end: March 31, 2005
Dividend per share: 20 yen per share consisting of 15 yen ordinary dividend and 5 yen commemorative dividend for the listing at Tokyo Stock Exchange, the first section( 30 yen per share for the whole fiscal year including interim dividend)
 
Partial amendments of Articles of Incorporation
Abolition of retirement bonus system
Management proposes abolition of retirement bonuses for retiring directors and statutory auditors.
 
Election of directors
Management seeks shareholders to approve election of the following number of directors.
Number of directors to be elected: 9
(number of insiders: 7, number of outsiders: 2 )
1. TOKI mamoru (insider)
2. HONJYO ryouta (insider)
3. YONESHIRO norio (insider)
4. IIZAWA kenji (insider)
5. KOKUBU tomonori (insider)
6. UCHIDA yukio (insider)
7. HYUGA hideji (insider)
8. SATO hiroo (outsider)
9. KUNO mitsugu (outsider)
 
Election of a statutory auditor
Management seeks shareholders to approve election of a statutory auditor.
(number of insider: nil, number of outsider: 1 )

MATSUMOTO kouichi (outsider)
 
Payment of retirement bonuses due to abolition of retirement bonus system

Because of the abolition of the retirement bonus system, management seeks shareholders to approve retirement bonuses to directors, provided they are re-elected by Proposal 2 and 3 under the internal rules in order to reward them for their services. The timing of payment and amounts of the retirement bonuses shall be left to discretion of the Board of Directors.
Number of subject directors: 6
(number of insiders: 6, number of outsiders: nil )
1. TOKI mamoru (insider)
2. YONESHIRO norio (insider)
3. IIZAWA kenji (insider)
4. KOKUBU tomonori (insider)
5. UCHIDA yukio (insider)
6. HYUGA hideji (insider)

Because of the abolition of the retirement bonus system, management seeks shareholders to approve retirement bonuses to statutory auditors under the internal rules in order to reward them for their services. The timing of payment and amounts of the retirement bonuses shall be left to discretion of the statutory auditors.
Number of subject directors: 2
(number of insiders: nil, number of outsiders: 2 )
1. KASAI kiyoshi (outsider)
2. HASHIKAWA shigekuni (outsider)
 
Change of remuneration of directors and statutory auditors
Management seeks shareholders to approve change of aggregate remuneration for directors to the following maximum amount.
Current maximum amount: 100 million yen/year
New maximum amount: 12.5 million yen/month
Reason for the change: Due to abolition of retirement bonuses for directors and increase of number of directors

 

Management seeks shareholders to approve change of aggregate remuneration for statutory auditors to the following maximum amount.
Current maximum amount: 15 million yen/year
New maximum amount: 2.5 million yen/month
Reason for the change: Due to abolition of retirement bonuses for statutory auditors

If Proposal 3 and 4 are passed as proposed, the total number of directors will icrease to 9 and staturoy auditors stays at 4.

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