On May 14, 2024, TBS Holdings,Inc. announced in its press release that Hibiki Path Advisors Pte. Ltd. had submitted a proposal for the General Meeting of shareholders to be held in June 2024. The proposal is as follows: Appropriation of Surplus: Requires annual dividend of 360 yen per share.
The company opposes the proposals for the following reasons. There is a high possibility that it will have a significant impact on the financial base, and the improvement of the company's corporate value over the medium to long term is not considered.
TBS Holdings Inc, formerly Tokyo Broadcasting System Holdings Inc, is a Japan-based company mainly engaged in broadcasting business. The Company operates in three business segments. The Media and Content segment is involved in the broadcasting-related business which conducts broadcasting, program production, video technology, audio technology, cable television broadcasting (CATV) investment, video investment and others; the planning production business which conducts video and audio software production, sales and distribution business, various events, program sales, video software production and sales, animation and music software planning and production. The Lifestyle segment is involved in the mail-order sales, general merchandise retailing, cosmetics manufacturing and sales business. The Real Estate and Others segment is involved in real estate leasing, maintenance and service business, studio management, heating and cooling management, insurance agency and other business.
TBS HOLDINGS,INC. 
