Mitsubishi UFJ Financial Group, Inc. | Responsible contribution to Japanese capital market at Mitsubishi UFJ Financial Group, Inc.

Status
Filed
AGM date
Previous AGM date
Proposal number
5
Resolution details
Company ticker
8306
Lead filer
Undisclosed filer
Resolution ask
Other ask
ESG theme
  • Governance
ESG sub-theme
  • Corporate purpose
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Japan
Resolved clause
The Company shall actively engage in activities that contribute to the establishment and
revitalization of a fair and highly transparent capital market as a representative Japanese
financial institution.
Supporting statement
The Tokyo Stock Exchange is advancing reforms aimed at improving PBR, but responses are slow at the
Nagoya Stock Exchange, Fukuoka Stock Exchange, and Sapporo Stock Exchange, and many single-listed
companies are consistently below a PBR of 1. The absence of institutional investors and the presence of
controlling shareholders prevent shareholder engagement from functioning, and there are suspected cases of
intentionally depressing share prices for inheritance tax purposes, as well as listings aimed at avoiding Tokyo
Stock Exchange reforms. Correcting these distortions contributes to the development of regional economies
and the Japanese economy, and expands the Company's investment and financing opportunities. Mitsubishi
UFJ Morgan Stanley Securities Co., Ltd., part of the Company’s Group, is a major shareholder of the Nagoya
Stock Exchange and a member of the Fukuoka and Sapporo Stock Exchanges.
Considering this position, we propose to clearly state in the Articles of Incorporation that the Company should
responsibly contribute to the soundness of the Japanese capital market.

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