On June 30, 2023, Meiko Trans Co., Ltd. announced the Voting Results at the Ordinary General Meeting of Shareholders held on June 29, 2023, and stated that these proposals of Nippon Active Value Fund plc about Acquisition of Treasury Shares "Company shall acquire common shares of the Company up to a total of 3,000,000 shares and a total acquisition price of 3,300,000,000 yen by delivering cash", and Amendments to the Articles of Incorporation regarding the number of outside directors "outside directors should make up a majority of the Company?s directors" were rejected by Shareholder Vote.