On May 15, 2024, Osaka Steel Co., Ltd. announced in its press release that it had received a shareholder proposal from Strategic Capital, Inc. for its 46th Ordinary General Meeting of Shareholders scheduled to be held on June 24, 2024. The proposals are as follows, 1. Partial amendment to the articles of incorporation (prohibition of provision of funds through deposits or loans to Nippon Steel Corporation), 2. Dividend of surplus (special dividend), 3. Partial amendment to the articles of incorporation (formulation and disclosure of a plan aiming for PBR of 1x or more), 4. Partial amendments to the articles of incorporation (number of directors, etc.), 5. Partial amendment to the articles of incorporation (formulation and disclosure of business plans related to reducing greenhouse gas emissions), The board of directors Opposes these activist proposal.