NSSOL Public Shareholders Back Proposals to Prohibit and Disclose Deposits with Nippon Steel

Business Wire··Read original
3▲0 ▼2Impact / 5
Summary · why it matters

At NS Solutions Corporation's 46th Annual General Meeting on June 19, 2026, two shareholder proposals seeking to prohibit and require greater transparency regarding the company's deposits with parent Nippon Steel Corporation received affirmative votes from approximately 60% of public shareholders. Proposal No. 2, to amend the Articles of Incorporation to prohibit such deposits, garnered 59.8% support, while Proposal No. 3, mandating disclosure of deposit terms and review policies, received 60.9% support, based on voting results disclosed in an Extraordinary Report filed on June 23. 3D Investment Partners, the largest minority shareholder, stated that these results clearly demonstrate public shareholders' concerns that the deposits impair corporate value and their call for withdrawal and transparent verification. 3D has issued an open letter requesting a meeting with NSSOL's Outside Directors to discuss the Board's response to this shareholder feedback.

Impact on assets 2

Cloud & Digital Infrastructure▼
NS Solutions Corp
2327
▼ NegativeCapitalrelevance

Majority of public shareholders voted to prohibit and disclose deposits with parent, signaling governance concerns and potential financial impact.

Critical Materials & Supply Chain▼
NIPPON STEEL CORP.
5401
▼ NegativeRegulationrelevance

Shareholder proposals target deposits with Nippon Steel, potentially restricting its access to subsidiary funds.

Off-coverage companies 1

3D Investment Partnersi
Private▲ PositiveCapitalrelevance

3D Investment Partners' proposals gained majority support, strengthening its activist position and influence.