On June 25, 2026, Kyocera Corporation received shareholder proposals from Oasis Investments II Master Fund Ltd. (including Oasis Management Company Ltd. and related entities) for the 72nd Annual General Meeting of Shareholders. The Board unanimously resolved to oppose the following proposals submitted by Oasis: Proposal 9 (Acquisition of Treasury Shares), Proposal 10 (Dismissal of One Director), Proposal 11 (Election of One Outside Director as Audit Committee Member), and Proposal 12 (Election of One Outside Director excluding Audit Committee Members). The Board opposes Proposal 9, citing the company?s capital policy, which aims for sustainable growth and value enhancement through balanced capital allocation, and believes the activist?s proposed scale of treasury share acquisition is inconsistent with the company?s strategy.

For Proposal 10, the Board finds no reasonable grounds for the dismissal of Director Satoru Yamaguchi, emphasizing his contributions to governance and management reforms, and notes that shareholders can express their views through the reappointment vote. Regarding Proposals 11 and 12, the Board believes that the appointment of Mr. Koutaro Okamura does not sufficiently add new value or enhance the effectiveness of the Board, given the balance of skills and experience among the company?s candidates, and asserts that its own nominees are more suitable, especially for Audit Committee roles requiring high expertise in accounting, law, and compliance. The Board?s detailed opposition to each proposal is based on its assessment of corporate value, capital efficiency, and the suitability of director candidates, while Oasis?s proposals highlight concerns about low ROE, corporate performance, and the need for independent oversight.