On February 28, 2024, ikuyo Co., Ltd., announced its opinion on the shareholder proposal submitted by Nitto Co., Ltd. The company stated that while it recognizes the need to speed up the process of the EV business, it is concerned about the impact on stakeholders in the current business due to the lack of information. It also has doubts about the proposed appointment of 4 directors, as 3 of them are outside directors, and whether it is necessary to hold an extraordinary shareholders? meeting to address the issue.

Therefore, the Board of Directors considers it difficult to approve the shareholder proposal currently.