On June 30, 2023, Toyo Construction Co., Ltd. announced that it held its 101st General Meeting of Shareholders on June 27, 2023 and according to the results, shareholder proposals by Yamauchi No.10 Family Office on (i) Appointment of 9 Directors out of which, Mr. Shinya Yoshida, Mr. Akira Tosaka, Mr. Masato Uchiyama, Mr. Masaharu Okada, Mr. Shinichi Kato, Mr. Katsuya Natori and, Mr. Kazumichi Matsuki were approved, while Mr. Toshiaki Yamaguchi and Ms. Tsuneko Murata were not appointed, (ii) Appointment of 1 Audit & Supervisory Board Member wherein, Mr. Tomoko Nonaka was appointed, (iii) Proposal on Revision of remuneration amount for Directors was not approved.