Today I will talk about the shareholders meeting, which is one of the most important events for company directors and shareholders.
Many listed Japanese companies’ financial results are at the end of March, and three
months later, a shareholders meeting will be held, therefore the end of June will be the concentration day of the shareholders meeting.
Generally the shareholders meeting starts at 10:00 am at the head office or a nearby hotel and ends in about 1 to 2 hours.
The rough process is as follows.
1. Business report (report balance sheet, profit and loss statement then issues which should be addressed)
2. Questions and answers
(mainly questions about the contents of the business report to the
management by the shareholders)
3. bill voting(as for the bill dividend or appointing a director)
Some companies hold company briefings or social gatherings after shareholders meetings in order to strengthen contacts with shareholders.
Until last year there this person was around but ...
I believe it is a good opportunity to get to know the company well, so try attending one of those meetings when you have become a shareholder.
I attend as much as possible as part of investment decisions, but if you were to ask me if a shareholders meeting is interesting or not, that’s up to the president because he/she acts as a chairman.
Roughly speaking, there are two patterns or something in between.
A. A vital shareholder meeting with a bright, brisk, and dependable president
B. The shareholder meeting goes on tediously with a president who has a laid back personality,
This kind is likely to cause drowsiness.
Needless to say the former kind of shareholder meeting is attractive to shareholders.
However, from my experience, it can be said that it is not necessarily linked to subsequent performance.