On May 20, 2024, Toyota Industries Corporation, announced in its press release that it had received a letter from Longchamp SICAV stating that it had decided to withdraw its shareholder proposal and that the company had decided to consent to the withdrawal. The proposals withdrawn are as follows, 1. Amendments to the Articles of Incorporation regarding disclosure and measures to realize management that is conscious of capital costs and stock prices, 2. Acquisition of own shares, 3. Approval of compensation amount (restricted stock compensation plan).