On May 14, 2024, Rhythm Co., Ltd. announced in its press release that it had received a shareholder proposal from D&I Investment Co., Ltd. for its 4th Annual General Meeting of Shareholders. The proposal is as follows, i) Appropriation of surplus. The company has opposed the proposal stating that this proposal would significantly hinder investment in equipment, research and development, human capital and other areas necessary for future growth and would undermine the medium- to long-term corporate value of the Company.
The proposal is judged to be an excessive dividend proposal that will also harm the securing and enhancement of the common interests of shareholders.
Rhythm Co Ltd, formerly Rhythm Watch Co Ltd, is a Japan-based company engaged in the clocks business, connection terminal business, precision business, and electronic business. The Company has four business segments. The Connection Terminal segment is engaged in the manufacture and sale of tab terminals, taping terminals, terminal blocks and others used in automobiles, solar power generation and home appliances. The Clock segment is engaged in the provision of clocks such as wall clocks, table clocks, alarm clocks, digital clocks, equipment clocks, clock movements, universal serial bus fans and disaster prevention administrative radios. The Electronic segment is engaged in the provision of electronic manufacturing services (EMS) for electronic devices, information related devices, in-vehicle devices. The Precision segment is engaged in the provision of precision parts for industrial equipment, optical equipment, office and communication equipment. It also operates logistics business.
RHYTHM CO.,LTD. 
