On June 30, 2023, Tachi-S Co., Ltd., announced that it held its 71st Extraordinary General Meeting of Shareholders on June 20, 2023, and according to the results, the shareholder proposals by Strategic Capital, Inc., on (i) Increase the Dividend on Equity (DOE) to 6%, (ii) Dispose of cross-shareholdings, (iii) Revision of the provisions of articles with regard to cross-shareholdings were not approved.