Investor Relations

MISUMI Group Held Its 48th Annual General Meeting of Shareholders

The MISUMI Group Inc. held its 48th Annual General Meeting of Shareholders, attended by 213 shareholders.

The meeting opened with remarks from meeting chair, Chairman and CEO, Tadashi Saegusa. Then, following a report from the secretariat on the number of shareholders and voting rights, the chair declared a quorum formed.

After an audit report from the Board of Statutory Auditors, the chair presented The 48th Annual Business Report using a projector screen.
After an explanation of the propositions for resolution by the shareholders and questions and deliberations, votes were taken.
Following adjournment of the Meeting of Shareholders, an informal gathering of shareholders was held for about one hour as a forum for dialogue between MISUMI senior management and our shareholders. At the gathering, comments from Chairman and CEO Saegusa and President Takaya about management plans for The MISUMI Group were followed by about 30 minutes of discussions between MISUMI management and our shareholders. Thanks to the many questions and ideas from our shareholders, the event proved a meaningful exchange.

The following matters were reported or resolved at The 48th Annual General Meeting of Shareholders.

[ Purpose of the Meeting Matters to be Reported ]

1. The 48th Annual Business Report (covering the fiscal year from April 1, 2009, through March 31, 2010), consolidated financial statements, and audit reports on the consolidated financial statements by an independent accounting auditor and our Board of Company Auditors.

2. The 48th Annual Financial Statements Report (covering the fiscal year from April 1, 2009, through March 31, 2010)

[ Matters Resolved ]

Proposal 1: Distribution of retained earnings
Proposal 2: Election of eight directors
Proposal 3: Election of two company auditors
Proposal 4: Election of one alternate company auditor
Proposal 5: Decision on the substance of the assignment of stock options to directors
Proposal 6: Grant of retirement bonus to a retiring director

Propositions 1 through 6 were approved as presented by vote.