Employees are Suffering Due to the Company’s Mismanagement
Hokuetsu Employee Salaries Have Decreased Over Mr. Kishimoto’s Tenure
During Mr. Kishimoto’s tenure as CEO, the salary of Hokuetsu employees decreased by -9%
During Mr. Kishimoto’s Tenure, An Employee Embezzled Funds in 2015
In 2015, an employee of Hokuetsu embezzled funds
The Company lost JPY2.4bn on the incident
Mr. Kishimoto Fired All Younger Directors in an Effort to Preserve His Leadership
Since Mr. Kishimoto became a CEO in 2008, he has fired all the other senior directors, in order to preserve his role and maintain his tyrannical rule over the company
In the upcoming AGM, the Company announced Mr. Yamamoto, Mr. Kondo and Mr. Otsuka will leave the company
The Board Needs to be Refreshed for Future Growth
The average age of directors on Hokuetsu’s board is 67 and only one female director sits on the board
Mr. Kishimoto should step down so the company can make decisions for future growth
We believe Mr. Tachibana has sufficient experience in the industry to run the Company
