On May 14, 2025, Japan Airlines Co., Ltd, announced its opposition to two shareholder proposals submitted by LIM Japan Event Master Fund for consideration at the upcoming 76th Annual General Meeting of Shareholders scheduled for June 24, 2025. The first proposal, titled "Partial amendment of the Articles of Incorporation (Prohibition of 'amakudari' to listed subsidiaries or related companies)," was opposed by the Board of Directors on the grounds that it would restrict the exercise of voting rights and hinder the selection of suitable candidates for the Board, ultimately impeding the enhancement of corporate value. The second proposal, "Partial amendment of the Articles of Incorporation (Disclosure of joint ownership)," was also rejected as the company believes it already complies with disclosure regulations and that establishing rigid provisions in the Articles of Incorporation would be inappropriate for future management decisions.
The Board emphasized its commitment to safeguarding the interests of minority shareholders while ensuring effective governance and operational flexibility.
