Additional Information on Proposal No.2 of the 23rd Annual General Meeting of Shareholders
The proposals to be resolved at the Company's 23rd Annual General Meeting of Shareholders are as stated in the "Notice of 23rd Annual General Meeting of Shareholders" sent on June 2, 2020, but we would like to provide additional information regarding Proposal No.2 Election of Nine Directors, as a reference for exercising voting rights.
Regarding Mr. Kazuyoshi Miyajima, nominee No. 7 for Proposal 2
Mr. Kazuyoshi Miyajima, was appointed as External Director at the 22nd Annual General Meeting of Shareholders, held on June 18, 2019. He has served in key positions in public relations, secretariat, and IRrelated divisions and has been providing the Company with practical advice based on his extensive work experience and insight cultivated as an executive. Therefore, the Company has nominated Mr. Miyajima for reelection as External Director with the expectation that he will play a suitable role in the expansion of the Company's business and further strengthening of the corporate governance functions in the future.
Mr. Miyajima serves as an advisor to FANCL Co. Ltd., which has a business relationship with the Company, but the transaction amount between the two companies in the consolidated financial statements for the fiscal year ending March 31, 2020, was less than 400,000 yen (less than 0.1% of consolidated revenue), which cannot be considered significant. For this reason, we believe Mr. Miyajima meets the standards of independence from the Company and see no risk of arising conflicts of interest with general shareholders. The Company has therefore notified the Tokyo Stock Exchange of Mr. Miyajima's status as an independent officer based on the requirements for independent officers established by the Tokyo Stock Exchange.
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Kakaku.com Inc. published this content on 04 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2020 08:40:04 UTC
Kakaku.com Inc is a Japan-based company mainly engaged in the operation of purchasing support Website Kakaku.com. The Company operates through two business segments. Internet Media segment is engaged in the operation of Websites that provide price comparison service, restaurant search and reservation service, real estate information, travel information, movie information, automobile information, bus information and inheritance procedure service. The segment also develops dynamic package system, movie contents and Website production. The Finance segment is involved in the insurance agency business.