On June 15, 2018, JP-Holdings, Inc. announced that at the board of directors resolved to oppose to all of the shareholder proposals. The Company proposed 8 directors to be elected: Kazuhiro Ogita, Koichiro Furukawa, Junko Matsumoto, Atsuko Aoyagi , Naoto Nishii, Ichiya Nakamura, Takashi Minagawa, and Katsuyuki Yamashita. The Company opposed the election of shareholders directors: Toru Sakai, Akihiko Fukuoka, Manabu Uchiyama, Yuki Maruyama, and Masaki Miki. The Company also opposed that shareholder proposal to partial amendments be made to Article 28 (Method of Terminating Directors) of the Articles of Incorporation: ‘two-thirds or more’ should be amended as ‘majority.’