On May 22, 2026, EXEO Group, Inc. announced that its Board of Directors has resolved to oppose the Shareholder Proposal submitted by Oasis Japan Strategic Fund Y Ltd. for the agenda of the 72nd Annual General Meeting of Shareholders scheduled for June 25, 2026. The Shareholder Proposal, titled "Election of one Outside Director," nominates Tomiki Takemoto, citing his extensive experience in IT infrastructure and cloud platforms, and his ability to provide strategic advice and strengthen supervisory functions on the Board. The proposing shareholder also raised concerns about the lack of directors with System Solutions business experience and the dominance of NTT Group-affiliated directors, questioning the effectiveness of corporate governance.
EXEO Group?s Board, after interviews and comprehensive evaluation, concluded that appointing Mr. Takemoto is not optimal due to insufficient alignment with the roles required for current management issues and the medium-term plan, and the overall skill balance of the Board. The Board emphasized its commitment to objectivity and transparency in director selection, the importance of balancing strategic perspectives and practical experience, and highlighted its own nominee, Eiichiro Mitani, for his relevant experience. The Board urges shareholders to oppose the Shareholder Proposal and support its own nominee, aiming to enhance governance, diversity, and long-term corporate value.
