| Japan Smaller Capitalization Fund, Inc. |
| (Exact name of registrant as specified in charter) |
| Worldwide Plaza, 309 West 49th Street, New York, New York | 10019 | |
| (Address of principal executive offices) | (Zip code) |
| Mr. Yuichi Nomoto |
| Worldwide Plaza |
| 309 West 49th Street |
| New York, New York 10019 |
| (Name and address of agent for service) |
| Date of fiscal year end: | February 28 |
| Date of reporting period: | July 1, 2022 – June 30, 2023 |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| COSMOS PHARMACEUTICAL CORPORATION | 23-Aug-2022 | Annual General Meeting | 13,700 | B036QP1 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations, Allow the Board of Directors to Authorize Appropriation of Surplus and Purchase Own Shares, Establish the Articles Related to Shareholders Meeting Held without Specifying a Venue | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Uno, Masateru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yokoyama, Hideaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Shibata, Futoshi | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Ueta, Masao | MGMT | FOR | FOR | ||||||
| DAIKOKUTENBUSSAN CO.,LTD. | 24-Aug-2022 | Annual General Meeting | 1,800 | 6713186 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations | MGMT | FOR | FOR | ||||||
| Appoint a Director Oga, Shoji | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Oga, Masahiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Omura, Masashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawada, Tomohiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Fujikawa, Atsushi | MGMT | FOR | FOR | ||||||
| Appoint a Director Namba, Yoichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Inoue, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Noda, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director Fukuda, Masahiko | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Kuwahara, Kazunari | MGMT | FOR | FOR | ||||||
| CREATE SD HOLDINGS CO.,LTD. | 26-Aug-2022 | Annual General Meeting | 157,300 | B3V2XQ2 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamamoto, Hisao | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hirose, Taizo | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakaura, Shigeto | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Harada, Takafumi | MGMT | FOR | FOR | ||||||
| SHINPO CO.,LTD. | 27-Sep-2022 | Annual General Meeting | 2,300 | 6864493 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations | MGMT | FOR | FOR | ||||||
| Appoint Accounting Auditors | MGMT | FOR | FOR | ||||||
| PAN PACIFIC INTERNATIONAL HOLDINGS CORPORATION | 28-Sep-2022 | Annual General Meeting | 61,900 | 5767753 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yoshida, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Matsumoto, Kazuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sekiguchi, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Moriya, Hideki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ishii, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Shimizu, Keita | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ninomiya, Hitomi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kubo, Isao | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yasuda, Takao | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Yoshimura, Yasunori | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kamo, Masaharu | MGMT | FOR | FOR | ||||||
| JM HOLDINGS CO.,LTD. | 24-Oct-2022 | Annual General Meeting | 443,500 | BYM6DQ0 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations | MGMT | FOR | FOR | ||||||
| Appoint a Director Matsui, Shigetada | MGMT | FOR | FOR | ||||||
| STEP CO.,LTD. | 17-Dec-2022 | Annual General Meeting | 164,900 | 6791999 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations | MGMT | FOR | FOR | ||||||
| Appoint a Director Tatsui, Kyoji | MGMT | FOR | FOR | ||||||
| Appoint a Director Endo, Yosuke | MGMT | FOR | FOR | ||||||
| Appoint a Director Arai, Noriaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Daikoku, Akiyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Hakamada, Tsuyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Morimoto, Yuriko | MGMT | FOR | FOR | ||||||
| Appoint a Director Kijima, Fumiyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Asano, Tatsuru | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakano, Towada | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| NISHIO RENT ALL CO.,LTD. | 20-Dec-2022 | Annual General Meeting | 161,000 | 6638320 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Approve Absorption-Type Company Split Agreement | MGMT | FOR | FOR | ||||||
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations, Amend Official Company Name, Amend Business Lines | MGMT | FOR | FOR | ||||||
| Appoint a Director Nishio, Masashi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Tonomura, Yoshihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Hamada, Masayoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Hashimoto, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director Kitayama, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kamada, Hiroaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Yotsumoto, Kazuo | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakano, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director Tanaka, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director Seo, Shinichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Shimanaka, Tetsumi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Nosaka, Hiromi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakakoji, Kumiyo | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Morita, Koichi | MGMT | FOR | FOR | ||||||
| KANAMOTO CO.,LTD. | 26-Jan-2023 | Annual General Meeting | 179,000 | 6482903 | Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations, Adopt Reduction of Liability System for Corporate Officers | MGMT | FOR | FOR | |
| Appoint a Director Kanamoto, Kanchu | MGMT | FOR | FOR | ||||||
| Appoint a Director Kanamoto, Tetsuo | MGMT | FOR | FOR | ||||||
| Appoint a Director Kanamoto, Tatsuo | MGMT | FOR | FOR | ||||||
| Appoint a Director Hashiguchi, Kazunori | MGMT | FOR | FOR | ||||||
| Appoint a Director Sannomiya, Akira | MGMT | FOR | FOR | ||||||
| Appoint a Director Watanabe, Jun | MGMT | FOR | FOR | ||||||
| Appoint a Director Hirose, Shun | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamashita, Hideaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Naito, Susumu | MGMT | FOR | FOR | ||||||
| Appoint a Director Arita, Eiji | MGMT | FOR | FOR | ||||||
| Appoint a Director Yonekawa, Motoki | MGMT | FOR | FOR | ||||||
| Appoint a Director Tabata, Ayako | MGMT | FOR | FOR | ||||||
| Appoint a Director Okawa, Tetsuya | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kanamoto, Eichu | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Yokota, Naoyuki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Ikushima, Noriaki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Takeuchi, Iwao | MGMT | FOR | FOR | ||||||
| HI-LEX CORPORATION | 28-Jan-2023 | Annual General Meeting | 432,800 | 6643476 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions Related to Change of Laws and Regulations, Adopt Reduction of Liability System for Corporate Officers, Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director Teraura, Taro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Masaki, Yasuko | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Kato, Toru | MGMT | FOR | FOR | ||||||
| Appoint a Director Akanishi, Yoshifumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Yoshikawa, Hiromi | MGMT | FOR | FOR | ||||||
| Approve Continuance of Policy regarding Large-scale Purchases of Company Shares (Anti-Takeover Defense Measures) | MGMT | AGAINST | AGAINST | ||||||
| NICHIRIN CO.,LTD. | 28-Mar-2023 | Annual General Meeting | 109,900 | 6037080 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Maeda, Ryuichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Soga, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Taniguchi, Toshikazu | MGMT | FOR | FOR | ||||||
| Appoint a Director Kikumoto, Hideki | MGMT | FOR | FOR | ||||||
| Appoint a Director Namba, Hironari | MGMT | FOR | FOR | ||||||
| Appoint a Director Yano, Susumu | MGMT | FOR | FOR | ||||||
| Appoint a Director Suzuki, Kazufumi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Kimura, Miki | MGMT | FOR | FOR | ||||||
| THE PACK CORPORATION | 28-Mar-2023 | Annual General Meeting | 178,900 | 6887821 | Approve Appropriation of Surplus | MGMT | AGAINST | AGAINST | |
| Appoint a Director Yamashita, Hideaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Takinoue, Teruo | MGMT | FOR | FOR | ||||||
| Appoint a Director Okada, Susumu | MGMT | FOR | FOR | ||||||
| Appoint a Director Fujii, Michihisa | MGMT | FOR | FOR | ||||||
| Appoint a Director Ashida, Norio | MGMT | FOR | FOR | ||||||
| Appoint a Director Ito, Haruyasu | MGMT | FOR | FOR | ||||||
| Appoint a Director Hayashi, Hirofumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nishio, Uichiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Kasahara, Kahoru | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Nakamura, Shuichi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Iwase, Norimasa | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| SAKATA INX CORPORATION | 29-Mar-2023 | Annual General Meeting | 761,300 | 6769833 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Ueno, Yoshiaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakamura, Hitoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Fukunaga, Toshihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Morita, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Tateiri, Minoru | MGMT | FOR | FOR | ||||||
| Appoint a Director Sato, Yoshio | MGMT | FOR | FOR | ||||||
| Appoint a Director Tsujimoto, Yukiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Otsuki, Kazuko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Matsuo, Haruhiko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Iwasaki, Masami | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Kubota, Koji | MGMT | FOR | FOR | ||||||
| SHIKOKU KASEI HOLDINGS CORPORATION | 29-Mar-2023 | Annual General Meeting | 243,500 | 6804303 | Appoint a Director Watanabe, Mitsunori | MGMT | AGAINST | AGAINST | |
| Appoint a Director Matsubara, Jun | MGMT | FOR | FOR | ||||||
| Appoint a Director Manabe, Yoshinori | MGMT | FOR | FOR | ||||||
| Appoint a Director Hamazaki, Makoto | MGMT | FOR | FOR | ||||||
| Appoint a Director Ikeda, Yuichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Ando, Yoshiaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Harada, Shuitsu | MGMT | FOR | FOR | ||||||
| Appoint a Director Umazume, Norihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Furusawa, Minoru | MGMT | FOR | FOR | ||||||
| Appoint a Director Mori, Kiyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tanabe, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Nishihara, Koji | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Substitute Corporate Auditor Mizuno, Takeo | MGMT | FOR | FOR | ||||||
| Approve Continuance of Policy regarding Large-scale Purchases of Company Shares (Anti-Takeover Defense Measures) | MGMT | AGAINST | AGAINST | ||||||
| OTSUKA CORPORATION | 29-Mar-2023 | Annual General Meeting | 105,500 | 4272634 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Otsuka, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director Katakura, Kazuyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Tsurumi, Hironobu | MGMT | FOR | FOR | ||||||
| Appoint a Director Saito, Hironobu | MGMT | FOR | FOR | ||||||
| Appoint a Director Sakurai, Minoru | MGMT | FOR | FOR | ||||||
| Appoint a Director Makino, Jiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Saito, Tetsuo | MGMT | FOR | FOR | ||||||
| Appoint a Director Hamabe, Makiko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Murata, Tatsumi | MGMT | FOR | FOR | ||||||
| Approve Provision of Retirement Allowance for Retiring Directors | MGMT | AGAINST | AGAINST | ||||||
| KEIYO GAS CO.,LTD. | 29-Mar-2023 | Annual General Meeting | 31,200 | 6487469 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Kikuchi, Misao | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Eguchi, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Funaki, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Furuichi, Seiichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kuno, Koichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Maekawa, Wataru | MGMT | FOR | FOR | ||||||
| Appoint a Director Mori, Takao | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Ueno, Yosuke | MGMT | FOR | FOR | ||||||
| PIGEON CORPORATION | 30-Mar-2023 | Annual General Meeting | 46,300 | 6688080 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director Kitazawa, Norimasa | MGMT | FOR | FOR | ||||||
| Appoint a Director Itakura, Tadashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kevin Vyse-Peacock | MGMT | FOR | FOR | ||||||
| Appoint a Director Yano, Ryo | MGMT | FOR | FOR | ||||||
| Appoint a Director Nitta, Takayuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Hatoyama, Rehito | MGMT | FOR | FOR | ||||||
| Appoint a Director Hayashi, Chiaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamaguchi, Eriko | MGMT | FOR | FOR | ||||||
| Appoint a Director Miwa, Yumiko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Nishimoto, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Ishigami, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Otsu, Koichi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Taishido, Atsuko | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Substitute Corporate Auditor Omuro, Sachiko | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Substitute Corporate Auditor Noda, Hiroko | MGMT | FOR | FOR | ||||||
| Approve Details of the Performance-based Stock Compensation to be received by Directors | MGMT | FOR | FOR | ||||||
| NAKANISHI INC. | 30-Mar-2023 | Annual General Meeting | 127,900 | 6271071 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Shiomi, Chika | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors (Excluding Outside Directors) | MGMT | AGAINST | AGAINST |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| MABUCHI MOTOR CO.,LTD. | 30-Mar-2023 | Annual General Meeting | 50,500 | 6551030 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Establish the Articles Related to Shareholders Meeting Held without Specifying a Venue, Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Okoshi, Hiroo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Taniguchi, Shinichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Katayama, Hirotaro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Iyoda, Tadahito | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miyajima, Kazuaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takahashi, Toru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Mitarai, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tsutsumi, Kazuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Okada, Akira | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kobayashi, Katsumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Asai, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Toyoshi, Yoko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Fukuyama, Yasuko | MGMT | FOR | FOR | ||||||
| THE YOKOHAMA RUBBER COMPANY,LIMITED | 30-Mar-2023 | Annual General Meeting | 63,400 | 6986461 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Change Company Location, Increase the Board of Directors Size, Transition to a Company with Supervisory Committee, Allow the Board of Directors to Authorize Appropriation of Surplus and Purchase Own Shares, Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamaishi, Masataka | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nitin Mantri | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Seimiya, Shinji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miyamoto, Tomoaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakamura, Yoshikuni | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yuki, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Okada, Hideichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hori, Masatoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kaneko, Hiroko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Shimizu, Megumi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Furukawa, Junichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Matsuo, Gota | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Uchida, Hisao | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kono, Hirokazu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kamei, Atsushi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kimura, Hiroki | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Furukawa, Junichi | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members) | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors who are Audit and Supervisory Committee Members | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors (Excluding Outside Directors and Directors who are Audit and Supervisory Committee Members) | MGMT | FOR | FOR | ||||||
| S FOODS INC. | 24-May-2023 | Annual General Meeting | 215,200 | 6838584 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Murakami, Shinnosuke | MGMT | FOR | FOR | ||||||
| Appoint a Director Hirai, Hirokatsu | MGMT | FOR | FOR | ||||||
| Appoint a Director Komata, Motoaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Sugimoto, Mitsufumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Yoshimura, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director Izuta, Junji | MGMT | FOR | FOR | ||||||
| Appoint a Director Iwabuchi, Hiroyasu | MGMT | FOR | FOR | ||||||
| Appoint a Director Unoki, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director Matsuno, Masaru | MGMT | FOR | FOR | ||||||
| Appoint a Director Kamoda, Shizuko | MGMT | FOR | FOR | ||||||
| Appoint a Director Sato, Eiki | MGMT | FOR | FOR | ||||||
| Appoint a Director Shiramizu, Masako | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Daiyou Kin | MGMT | AGAINST | AGAINST | ||||||
| PAL GROUP HOLDINGS CO.,LTD | 24-May-2023 | Annual General Meeting | 63,400 | 6421898 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Inoue, Hidetaka | MGMT | FOR | FOR | ||||||
| Appoint a Director Inoue, Ryuta | MGMT | FOR | FOR | ||||||
| Appoint a Director Arimitsu, Yasuji | MGMT | FOR | FOR | ||||||
| Appoint a Director Watanabe, Takayo | MGMT | FOR | FOR | ||||||
| Appoint a Director Higuchi, Hisayuki | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Teranishi, Kensaku | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Fujii, Toshio | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Ogawa, Norihisa | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| IZUMI CO.,LTD. | 24-May-2023 | Annual General Meeting | 212,500 | 6468152 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Yamanishi, Yasuaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Mikamoto, Tatsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Machida, Shigeki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kuromoto, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamanishi, Daisuke | MGMT | FOR | FOR | ||||||
| Appoint a Director Yoneda, Kunihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Aoyama, Naomi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nishikawa, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Hisanaga, Hideaki | MGMT | FOR | FOR | ||||||
| SAN-A CO.,LTD. | 25-May-2023 | Annual General Meeting | 50,900 | 6280680 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Arashiro, Kentaro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tasaki, Masahito | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Toyoda, Taku | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Goya, Tamotsu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takeda, Hisashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Uema, Kumiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Nozaki, Seiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Onaga, Tomotsune | MGMT | FOR | FOR | ||||||
| MARUZEN CO.,LTD. | 25-May-2023 | Annual General Meeting | 86,100 | 6573498 | Approve Appropriation of Surplus | MGMT | AGAINST | AGAINST | |
| Appoint a Director Watanabe, Keiichi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Watanabe, Yudai | MGMT | FOR | FOR | ||||||
| Appoint a Director Bammi, Fusao | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamanoi, Makoto | MGMT | FOR | FOR | ||||||
| Appoint a Director Takehara, Naoyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Yanai, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Shumura, Hiroki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kimizuka, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakamaru, Yasushi | MGMT | FOR | FOR | ||||||
| Appoint a Director Yabe, Takaharu | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kuno, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tanahashi, Masaaki | MGMT | FOR | FOR | ||||||
| Shareholder Proposal: Approve Appropriation of Surplus | SHAREHOLDER | AGAINST | FOR | ||||||
| TOKAI RIKA CO.,LTD. | 13-Jun-2023 | Annual General Meeting | 186,700 | 6894025 | Amend Articles to: Amend Business Lines | MGMT | FOR | FOR | |
| Appoint a Director Ninoyu, Hiroyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Sato, Koki | MGMT | FOR | FOR | ||||||
| Appoint a Director Sato, Masahiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Fujioka, Kei | MGMT | FOR | FOR | ||||||
| Appoint a Director Miyama, Minako | MGMT | FOR | FOR | ||||||
| Appoint a Director Niwa, Motomi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tsuchiya, Toshiaki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Yamada, Yoshinori | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Uozumi, Naoto | MGMT | FOR | FOR | ||||||
| Approve Payment of Bonuses to Corporate Officers | MGMT | AGAINST | AGAINST | ||||||
| OKINAWA CELLULAR TELEPHONE COMPANY | 15-Jun-2023 | Annual General Meeting | 48,600 | 5805738 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Amend Business Lines, Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director Suga, Takashi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Yamamori, Seiji | MGMT | FOR | FOR | ||||||
| Appoint a Director Toguchi, Takeyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kuniyoshi, Hiroki | MGMT | FOR | FOR | ||||||
| Appoint a Director Oroku, Kunio | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Aharen, Hikaru | MGMT | FOR | FOR | ||||||
| Appoint a Director Oshiro, Hajime | MGMT | FOR | FOR | ||||||
| Appoint a Director Tanaka, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakayama, Tomoko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Asato, Masatoshi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Corporate Auditor Fuchibe, Miki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Masuda, Haruhiko | MGMT | FOR | FOR | ||||||
| Approve Payment of Bonuses to Corporate Officers | MGMT | FOR | FOR | ||||||
| SUGIMOTO & CO.,LTD. | 15-Jun-2023 | Annual General Meeting | 130,000 | 6856928 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Sugimoto, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Sugimoto, Masayuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Imanaka, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Miyaji, Kamezo | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Tsuru, Yuki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Aotani, Teruyuki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Ban, Junnosuke | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Corporate Auditor Umeno, Sotoji | MGMT | AGAINST | AGAINST |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| RIKEN TECHNOS CORPORATION | 16-Jun-2023 | Annual General Meeting | 115,400 | 6739900 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Tokiwa, Kazuaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Irie, Junji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kajiyama, Gakuyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sugino, Hitoshi | MGMT | FOR | FOR | ||||||
| NAGASE & CO.,LTD. | 20-Jun-2023 | Annual General Meeting | 85,300 | 6619820 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Asakura, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director Ueshima, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Ikemoto, Masaya | MGMT | FOR | FOR | ||||||
| Appoint a Director Kamada, Masatoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nagase, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nonomiya, Ritsuko | MGMT | FOR | FOR | ||||||
| Appoint a Director Horikiri, Noriaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Mikoshiba, Toshiaki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Takami, Akira | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Muramatsu, Takao | MGMT | FOR | FOR | ||||||
| KANADEN CORPORATION | 20-Jun-2023 | Annual General Meeting | 361,900 | 6483304 | Appoint a Director Motohashi, Nobuyuki | MGMT | FOR | FOR | |
| Appoint a Director Moriya, Futoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nagashima, Yoshiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Ito, Yayoi | MGMT | FOR | FOR | ||||||
| Appoint a Director Imado, Tomoe | MGMT | FOR | FOR | ||||||
| Appoint a Director Mori, Hisataka | MGMT | FOR | FOR | ||||||
| Appoint a Director Saigusa, Hironori | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tsukada, Kazuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Okamoto, Osamu | MGMT | AGAINST | AGAINST | ||||||
| NITTO KOHKI CO.,LTD. | 20-Jun-2023 | Annual General Meeting | 395,400 | 6625894 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Ogata, Akinobu | MGMT | FOR | FOR | ||||||
| Appoint a Director Takata, Yoko | MGMT | FOR | FOR | ||||||
| Appoint a Director Mori, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakagawa, Yasuo | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Komiyama, Mitsuru | MGMT | FOR | FOR | ||||||
| Appoint a Director Santo, Masaji | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Nishida, Yutaka | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Yamada, Hideo | MGMT | FOR | FOR | ||||||
| TRANCOM CO.,LTD. | 20-Jun-2023 | Annual General Meeting | 84,500 | 6890034 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Shimizu, Masahisa | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takebe, Atsunori | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Jinno, Yasuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kambayashi, Ryo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sato, Kei | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Usagawa, Kuniko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Shibuya, Eiji | MGMT | FOR | FOR | ||||||
| THE HYAKUGO BANK,LTD. | 21-Jun-2023 | Annual General Meeting | 194,200 | 6659666 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Ito, Toshiyasu | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Sugiura, Masakazu | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Yamazaki, Kei | MGMT | FOR | FOR | ||||||
| Appoint a Director Kato, Tetsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Arakida, Yutaka | MGMT | FOR | FOR | ||||||
| Appoint a Director Urata, Yasuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Kobayashi, Nagahisa | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawakita, Hisashi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Nishioka, Keiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakamura, Atsushi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tsuruoka, Shinji | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kawabata, Ikuko | MGMT | FOR | FOR | ||||||
| Shareholder Proposal: Approve Purchase of Own Shares | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Approve Appropriation of Surplus | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Appoint a Director Maeda, Tomoki | SHAREHOLDER | FOR | AGAINST | ||||||
| SERIA CO.,LTD. | 21-Jun-2023 | Annual General Meeting | 287,500 | 6680718 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Kawai, Eiji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Iwama, Yasushi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miyake, Natsuko | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| KOMATSU WALL INDUSTRY CO.,LTD. | 22-Jun-2023 | Annual General Meeting | 27,200 | 6498762 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Kano, Shinya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamada, Shinichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hirose, Norio | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Aya, Yukio | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hachiya, Toshio | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Furuya, Mayumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Nakada, Koichi | MGMT | FOR | FOR | ||||||
| FJ NEXT HOLDINGS CO.,LTD. | 22-Jun-2023 | Annual General Meeting | 31,200 | B0406Q3 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Hida, Yukiharu | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nagai, Atsushi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Masuko, Shigeo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Suzuki, Kenichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Suzuki, Kiyoshi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Takaba, Daisuke | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Nozawa, Toshinori | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Oshiro, Kie | MGMT | FOR | FOR | ||||||
| Approve Payment of Accrued Benefits associated with Abolition of Retirement Benefit System for Current Corporate Officers | MGMT | AGAINST | AGAINST | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members and Outside Directors) | MGMT | FOR | FOR | ||||||
| MORIROKU HOLDINGS COMPANY,LTD. | 22-Jun-2023 | Annual General Meeting | 38,700 | BFNG7Z3 | Amend Articles to: Amend Official Company Name, Amend Business Lines | MGMT | FOR | FOR | |
| Appoint a Director Kurita, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Monji, Hidehito | MGMT | FOR | FOR | ||||||
| Appoint a Director Morita, Kazuyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Shibata, Koichiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Hirai, Kenichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Otsuka, Ryo | MGMT | FOR | FOR | ||||||
| Appoint a Director Yokote, Hitomi | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Miyagoshi, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Yukimaru, Akiko | MGMT | FOR | FOR | ||||||
| NICHIHA CORPORATION | 23-Jun-2023 | Annual General Meeting | 73,300 | 6638331 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Yoshioka, Narumitsu | MGMT | FOR | FOR | ||||||
| Appoint a Director Tonoi, Kazushi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kojima, Kazuyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawashima, Hisayuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Oka, Munetsugu | MGMT | FOR | FOR | ||||||
| Appoint a Director Yagi, Kiyofumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Tajiri, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director Nishi, Hiroaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Otani, Kazuko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Shibata, Yoshihiro | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Sasaki, Kenji | MGMT | FOR | FOR | ||||||
| MORITA HOLDINGS CORPORATION | 23-Jun-2023 | Annual General Meeting | 289,500 | 6602745 | Appoint a Director Nakajima, Masahiro | MGMT | AGAINST | AGAINST | |
| Appoint a Director Kanaoka, Shinichi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Morimoto, Kunio | MGMT | FOR | FOR | ||||||
| Appoint a Director Murai, Shinya | MGMT | FOR | FOR | ||||||
| Appoint a Director Isoda, Mitsuo | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawanishi, Takao | MGMT | FOR | FOR | ||||||
| Appoint a Director Hojo, Masaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kato, Masayoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Fukunishi, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Ota, Masaru | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors | MGMT | FOR | FOR | ||||||
| PALTAC CORPORATION | 23-Jun-2023 | Annual General Meeting | 115,400 | B61BG94 | Appoint a Director Kasutani, Seiichi | MGMT | FOR | FOR | |
| Appoint a Director Yoshida, Takuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Noma, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Shimada, Masaharu | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamada, Yoshitaka | MGMT | FOR | FOR | ||||||
| Appoint a Director Sakon, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director Oishi, Kaori | MGMT | FOR | FOR | ||||||
| Appoint a Director Orisaku, Mineko | MGMT | FOR | FOR | ||||||
| Appoint a Director Inui, Shingo | MGMT | FOR | FOR | ||||||
| Appoint a Director Yoshitake, Ichiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Takamori, Tatsuomi | MGMT | FOR | FOR | ||||||
| Appoint a Director Hattori, Akito | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Shintani, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Hikita, Kyoko | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| SG HOLDINGS CO.,LTD. | 23-Jun-2023 | Annual General Meeting | 86,100 | BFFY885 | Appoint a Director Kuriwada, Eiichi | MGMT | FOR | FOR | |
| Appoint a Director Matsumoto, Hidekazu | MGMT | FOR | FOR | ||||||
| Appoint a Director Motomura, Masahide | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawanago, Katsuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Sasamori, Kimiaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Takaoka, Mika | MGMT | FOR | FOR | ||||||
| Appoint a Director Sagisaka, Osami | MGMT | FOR | FOR | ||||||
| Appoint a Director Akiyama, Masato | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Niimoto, Tomonari | MGMT | FOR | FOR | ||||||
| YOSSIX HOLDINGS CO.,LTD. | 23-Jun-2023 | Annual General Meeting | 90,600 | BSZM2R7 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yoshioka, Masanari | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Segawa, Masahito | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yoshioka, Yutaro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Date, Tomio | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Torii, Tatsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Uemura, Ryoji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hori, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Suzuki, Takaomi | MGMT | AGAINST | AGAINST | ||||||
| SOKEN CHEMICAL & ENGINEERING CO.,LTD. | 23-Jun-2023 | Annual General Meeting | 42,500 | 6338910 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Amend the Articles Related to Substitute Corporate Auditors | MGMT | FOR | FOR | ||||||
| Appoint a Director Fukuda, Junichiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Takizawa, Kiyotaka | MGMT | FOR | FOR | ||||||
| Appoint a Director Tomita, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director Okamoto, Shuji | MGMT | FOR | FOR | ||||||
| Appoint a Director Hasui, Takafumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Tsuchiya, Jun | MGMT | FOR | FOR | ||||||
| Appoint a Director Kamiyama, Kenjiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Fusegi, Takayoshi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Matsumoto, Shinsuke | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Nara, Shin | MGMT | FOR | FOR | ||||||
| THE TAIKO BANK,LTD. | 23-Jun-2023 | Annual General Meeting | 333,700 | 6871493 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Ishida, Yukio | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kawai, Shoichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Suzuki, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nishiyama, Katsuyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Aiba, Minoru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takahashi, Yoshihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Yamaguchi, Tomoyasu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hosokai, Iwao | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Sakai, Keiji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Nakamura, Chieko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Takahashi, Masahide | MGMT | FOR | FOR | ||||||
| FUDO TETRA CORPORATION | 23-Jun-2023 | Annual General Meeting | 9,900 | 6355005 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Takehara, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Okuda, Shinya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Obayashi, Jun | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tadano, Akihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Niiyama, Chihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kawachi, Yoji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Osawa, Mari | MGMT | FOR | FOR | ||||||
| THE NIPPON ROAD CO.,LTD. | 23-Jun-2023 | Annual General Meeting | 11,400 | 6642462 | Appoint a Director Ishii, Toshiyuki | MGMT | AGAINST | AGAINST | |
| Appoint a Director Hyodo, Masakazu | MGMT | FOR | FOR | ||||||
| Appoint a Director Ito, Kaoru | MGMT | FOR | FOR | ||||||
| Appoint a Director Kasai, Toshihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Takasugi, Takeshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Matsumoto, Taku | MGMT | FOR | FOR | ||||||
| Appoint a Director Morimura, Nozomu | MGMT | FOR | FOR | ||||||
| Appoint a Director Kosao, Fumiko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Yamamori, Yuichi | MGMT | AGAINST | AGAINST | ||||||
| Approve Details of the Compensation to be received by Corporate Officers | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| EXEO GROUP,INC. | 23-Jun-2023 | Annual General Meeting | 349,300 | 6499420 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Funabashi, Tetsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Mino, Koichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Watabe, Noriyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Koyama, Yuichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Sakaguchi, Takafumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Imaizumi, Fumitoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Hayashi, Shigeki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kohara, Yasushi | MGMT | FOR | FOR | ||||||
| Appoint a Director Iwasaki, Naoko | MGMT | FOR | FOR | ||||||
| Appoint a Director Mochizuki, Tatsushi | MGMT | FOR | FOR | ||||||
| Appoint a Director Yoshida, Keiji | MGMT | FOR | FOR | ||||||
| Appoint a Director Aramaki, Tomoko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kojima, Shinji | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Osawa, Eiko | MGMT | FOR | FOR | ||||||
| AICA KOGYO COMPANY,LIMITED | 23-Jun-2023 | Annual General Meeting | 150,400 | 6010047 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Ono, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ebihara, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Omura, Nobuyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Iwatsuka, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kanie, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Shimizu, Ayako | MGMT | FOR | FOR | ||||||
| FUSO CHEMICAL CO.,LTD. | 23-Jun-2023 | Annual General Meeting | 126,500 | 6347712 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Fujioka, Misako | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sugita, Shinichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Masauji, Haruo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tanimura, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sugimoto, Motoki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Fujioka, Atsushi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hyakushima, Hakaru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hirata, Fumiaki | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members and Outside Directors) | MGMT | FOR | FOR | ||||||
| ADEKA CORPORATION | 23-Jun-2023 | Annual General Meeting | 103,600 | 6054904 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Shirozume, Hidetaka | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tomiyasu, Haruhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Shiga, Yoji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yasuda, Susumu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nagai, Kazuyuki | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Endo, Shigeru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Horiguchi, Makoto | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Taya, Koichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Okuyama, Akio | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hirasawa, Ikuko | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Yumiba, Keiji | MGMT | FOR | FOR | ||||||
| T&K TOKA CO.,LTD. | 23-Jun-2023 | Annual General Meeting | 43,800 | 6038469 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Takamizawa, Akihiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakama, Kazuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sekine, Hideaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Otaka, Kenji | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Noguchi, Satoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hanabusa, Koichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kimura, Hideaki | MGMT | FOR | FOR | ||||||
| RYODEN CORPORATION | 23-Jun-2023 | Annual General Meeting | 277,300 | 6763006 | Appoint a Director Tomizawa, Katsuyuki | MGMT | AGAINST | AGAINST | |
| Appoint a Director Kitai, Shoji | MGMT | FOR | FOR | ||||||
| Appoint a Director Ozawa, Takahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Higashi, Shunichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Fujiwara, Goro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Muroi, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Thomas Witty | MGMT | FOR | FOR | ||||||
| Appoint a Director Matsuo, Hideki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Hiraide, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tomomori, Hirozo | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Okamoto, Osamu | MGMT | AGAINST | AGAINST |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| KOHSOKU CORPORATION | 26-Jun-2023 | Annual General Meeting | 169,600 | 6488592 | Appoint a Director who is not Audit and Supervisory Committee Member Terashi, Koki | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Terashi, Yuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Wagatsuma, Hideki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Obara, Junichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kobayashi, Hiromi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Iwasawa, Miyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Mitamura, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Numakura, Masae | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members and Outside Directors) | MGMT | FOR | FOR | ||||||
| RICOH LEASING COMPANY,LTD. | 26-Jun-2023 | Annual General Meeting | 27,100 | 6729116 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Amend Business Lines | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakamura, Tokuharu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sano, Hirozumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kuroki, Shinichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Futamiya, Masaya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Arakawa, Masako | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ebisui, Mari | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Harasawa, Atsumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ichinose, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Zama, Nobuhisa | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Irisa, Takahiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Ikeda, Koichiro | MGMT | FOR | FOR | ||||||
| Approve Details of the Stock Compensation to be received by Directors | MGMT | FOR | FOR | ||||||
| MIZUHO LEASING COMPANY,LIMITED | 27-Jun-2023 | Annual General Meeting | 66,000 | B02QLW4 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Tsuhara, Shusaku | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakamura, Akira | MGMT | FOR | FOR | ||||||
| Appoint a Director Nagamine, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nishiyama, Takanori | MGMT | FOR | FOR | ||||||
| Appoint a Director Otaka, Noboru | MGMT | FOR | FOR | ||||||
| Appoint a Director Takezawa, Toshiyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Negishi, Naofumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Hagihira, Hirofumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Sagiya, Mari | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawamura, Hajime | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Aonuma, Takayuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Sone, Hirozumi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Arita, Koji | MGMT | AGAINST | AGAINST | ||||||
| Approve Details of the Stock Compensation to be received by Directors | MGMT | AGAINST | AGAINST | ||||||
| DAISHI HOKUETSU FINANCIAL GROUP,INC. | 27-Jun-2023 | Annual General Meeting | 66,900 | BFYGQ44 | Appoint a Director who is not Audit and Supervisory Committee Member Namiki, Fujio | MGMT | AGAINST | AGAINST | |
| Appoint a Director who is not Audit and Supervisory Committee Member Ueguri, Michiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takahashi, Makoto | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Shibata, Ken | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tanaka, Takayoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Maki, Toshiyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ishizaka, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miyakoshi, Tadanori | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Konomura, Takayoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Mori, Kunio | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| KYOKUTO KAIHATSU KOGYO CO.,LTD. | 27-Jun-2023 | Annual General Meeting | 206,400 | 6499088 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Change Company Location, Amend Business Lines | MGMT | FOR | FOR | ||||||
| Appoint a Director Nunohara, Tatsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Harada, Kazuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Norimitsu, Takeo | MGMT | FOR | FOR | ||||||
| Appoint a Director Horimoto, Noboru | MGMT | FOR | FOR | ||||||
| Appoint a Director Kizu, Teruyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Terakawa, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kaneko, Keiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Tomohiro, Takanobu | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Sakurai, Akira | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kuriyama, Hiroaki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Fujiwara, Kuniaki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Asada, Nobuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Kimura, Rintaro | MGMT | AGAINST | AGAINST | ||||||
| Shareholder Proposal: Approve Appropriation of Surplus | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Approve Details of the remuneration to grant restricted shares with stock-price-based conditions to Directors | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amendment to the Articles of Incorporation regarding disclosure of methods for calculating performance-linked remuneration for Directors with Authority of Representation) | SHAREHOLDER | AGAINST | FOR | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amendment to the Articles of Incorporation regarding payment of bonuses with stock-price-based conditions to employees) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amendment to the Articles of Incorporation regarding cross-shareholdings) | SHAREHOLDER | FOR | AGAINST | ||||||
| YURTEC CORPORATION | 27-Jun-2023 | Annual General Meeting | 505,800 | 6894672 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Abe, Toshinori | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ota, Yoshiharu | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kobayashi, Ikumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takasugi, Kazuo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miura, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Suzuki, Yasuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takano, Hiromitsu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Mitsui, Seiichi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takano, Keiichi | MGMT | FOR | FOR | ||||||
| NICHIREI CORPORATION | 27-Jun-2023 | Annual General Meeting | 224,200 | 5809042 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Okushi, Kenya | MGMT | FOR | FOR | ||||||
| Appoint a Director Umezawa, Kazuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Takenaga, Masahiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Tanabe, Wataru | MGMT | FOR | FOR | ||||||
| Appoint a Director Suzuki, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director Takaku, Yuichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Shoji, Kuniko | MGMT | FOR | FOR | ||||||
| Appoint a Director Nabeshima, Mana | MGMT | FOR | FOR | ||||||
| Appoint a Director Hama, Itsuo | MGMT | FOR | FOR | ||||||
| Appoint a Director Hamashima, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Saito, Yuhiko | MGMT | FOR | FOR | ||||||
| SEKISUI JUSHI CORPORATION | 27-Jun-2023 | Annual General Meeting | 437,800 | 6793843 | Appoint a Director Baba, Hiroshi | MGMT | FOR | FOR | |
| Appoint a Director Miyata, Toshitaka | MGMT | FOR | FOR | ||||||
| Appoint a Director Takano, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Ito, Satoko | MGMT | FOR | FOR | ||||||
| Appoint a Director Shibanuma, Yutaka | MGMT | FOR | FOR | ||||||
| Appoint a Director Sasaki, Katsuyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kikuchi, Tomoyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Miyoshi, Nagaaki | MGMT | FOR | FOR | ||||||
| KAWAI MUSICAL INSTRUMENTS MANUFACTURING CO.,LTD. | 27-Jun-2023 | Annual General Meeting | 21,900 | 6484460 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Kawai, Hirotaka | MGMT | FOR | FOR | ||||||
| Appoint a Director Ito, Teruyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawai, Kentaro | MGMT | FOR | FOR | ||||||
| Appoint a Director Ushio, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Minowa, Masafumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Mori, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director Katagiri, Ichisei | MGMT | FOR | FOR | ||||||
| Appoint a Director Goto, Yasuo | MGMT | FOR | FOR | ||||||
| Appoint a Director Muramatsu, Naomi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Makita, Harumitsu | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tabata, Takahisa | MGMT | AGAINST | AGAINST |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| OKINAWA FINANCIAL GROUP,INC. | 27-Jun-2023 | Annual General Meeting | 158,900 | BMT97H7 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamashiro, Masayasu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kinjo, Yoshiteru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Iha, Kazuya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Murakami, Naoko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Ikei, Mamoru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Toyama, Keiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Higa, Mitsuru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Sugimoto, Kenji | MGMT | FOR | FOR | ||||||
| Approve Payment of Bonuses to Corporate Officers | MGMT | AGAINST | AGAINST | ||||||
| THE YAMANASHI CHUO BANK,LTD. | 27-Jun-2023 | Annual General Meeting | 163,400 | 6985361 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Seki, Mitsuyoshi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Furuya, Yoshiaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamadera, Masahiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Tanaka, Norihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Sato, Hideki | MGMT | FOR | FOR | ||||||
| Appoint a Director Naito, Tetsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Masukawa, Michio | MGMT | FOR | FOR | ||||||
| Appoint a Director Kano, Riyo | MGMT | FOR | FOR | ||||||
| Appoint a Director Ichikawa, Miki | MGMT | FOR | FOR | ||||||
| KYOEI STEEL LTD. | 27-Jun-2023 | Annual General Meeting | 220,300 | B1HHF49 | Appoint a Director Takashima, Hideichiro | MGMT | FOR | FOR | |
| Appoint a Director Hirotomi, Yasuyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Sakamoto, Shogo | MGMT | FOR | FOR | ||||||
| Appoint a Director Kunimaru, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kitada, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawai, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamao, Tetsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawabe, Tatsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamamoto, Takehiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Funato, Kimiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Yokoyama, Masami | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Muneoka, Toru | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Takeuchi, Yohei | MGMT | FOR | FOR | ||||||
| YUSHIRO CHEMICAL INDUSTRY CO.,LTD. | 27-Jun-2023 | Annual General Meeting | 261,100 | 6988757 | Amend Articles to: Amend Business Lines | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Arisaka, Masanori | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takahashi, Seiji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kobayashi, Kazushige | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takakura, Kazutoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ishikawa, Takuya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakano, Masafumi | MGMT | FOR | FOR | ||||||
| FUJIKURA KASEI CO.,LTD. | 27-Jun-2023 | Annual General Meeting | 1,608,900 | 6356729 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Kato, Daisuke | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kajiwara, Hisashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takano, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Watanabe, Satoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kawaguchi, Hitoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kurihara, Susumu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tsuchiya, Toyohiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ishii, Takahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tanaka, Osamu | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nagahama, Yoichi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Watanabe, Hiroaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Naka, Mitsuyoshi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Watanabe, Takashi | MGMT | AGAINST | AGAINST | ||||||
| �� | Appoint a Director who is Audit and Supervisory Committee Member Senoo, Tomoko | MGMT | FOR | FOR | |||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Miyagawa, Hiroshi | MGMT | FOR | FOR | ||||||
| SANTEN PHARMACEUTICAL CO.,LTD. | 27-Jun-2023 | Annual General Meeting | 119,200 | 6776606 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Kurokawa, Akira | MGMT | FOR | FOR | ||||||
| Appoint a Director Ito, Takeshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Oishi, Kanoko | MGMT | FOR | FOR | ||||||
| Appoint a Director Shintaku, Yutaro | MGMT | FOR | FOR | ||||||
| Appoint a Director Minakawa, Kunihito | MGMT | FOR | FOR | ||||||
| Appoint a Director Kotani, Noboru | MGMT | FOR | FOR | ||||||
| Appoint a Director Minami, Tamie | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Asatani, Junichi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Hodaka, Yaeko | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| MIRAIT ONE CORPORATION | 27-Jun-2023 | Annual General Meeting | 214,400 | B3Y56R0 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Establish the Articles Related to Shareholders Meeting Held without Specifying a Venue | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakayama, Toshiki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Totake, Yasushi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takahashi, Masayuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miyazaki, Tatsumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takaya, Yoichiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Wakimoto, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Mitsuya, Takaaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Igarashi, Katsuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ohashi, Hiroki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takagi, Yasuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Baba, Chiharu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamamoto, Mayumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kawaratani, Shinichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tsukasaki, Yuko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hayakawa, Osamu | MGMT | FOR | FOR | ||||||
| TOTETSU KOGYO CO.,LTD. | 28-Jun-2023 | Annual General Meeting | 174,200 | 6897444 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Yagishita, Naomichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Maekawa, Tadao | MGMT | FOR | FOR | ||||||
| Appoint a Director Shimomura, Hikaru | MGMT | FOR | FOR | ||||||
| Appoint a Director Yasuda, Hiroaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Sakai, Toshiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Suetsuna, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakayama, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Miyama, Miya | MGMT | FOR | FOR | ||||||
| Appoint a Director Tamagawa, Takehiro | MGMT | AGAINST | AGAINST | ||||||
| AOI ELECTRONICS CO.,LTD. | 28-Jun-2023 | Annual General Meeting | 89,200 | 6270960 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Nakayama, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kinoshita, Kazuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Fukuda, Kazuyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Aoki, Ryoji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Furuta, Akihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Moriito, Shigeki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kitayama, Noboru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hashimoto, Junko | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| KYUSHU ELECTRIC POWER COMPANY,INCORPORATED | 28-Jun-2023 | Annual General Meeting | 767,700 | 6499806 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Update the Articles Related to Class Shares (PLEASE NOTE THIS IS THE CONCURRENT AGENDA ITEM FOR THE ANNUAL GENERAL SHAREHOLDERS MEETING AND THE CLASS SHAREHOLDERS MEETING OF ORDINARY SHAREHOLDERS.) | MGMT | FOR | FOR | ||||||
| Approve Issuance of New Class Shares to a Third Party or Third Parties | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Uriu, Michiaki | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ikebe, Kazuhiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Toyoshima, Naoyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hashimoto, Noboru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Soda, Atsushi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Senda, Yoshiharu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakano, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nishiyama, Masaru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tachibana Fukushima, Sakie | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tsuda, Junji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Endo, Yasuaki | MGMT | FOR | FOR | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Partial Return of the President's Remuneration When the Company Has Received an Order Pertaining to a Company Scandal) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to The Company's Basic Policy on a Preliminary Injunction Preventing Operation of a Nuclear Power Station) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Individual Disclosure of Officers' Remuneration ) | SHAREHOLDER | AGAINST | FOR | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Dismissal of all Compliance Committee Members, the Method of Election of New Members and Disclosure of such Members) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Order of Priority of Means for Eliminating Losses) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Linking Officers' Remuneration to Shareholder Dividends for the Same Fiscal Year) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Appointment of a Full-time Executive Officer in Charge of the Nuclear Regulation Authority) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Prohibition on Abuse of the Chairperson's Authority in Progression through Proceedings During the General Meeting of Shareholders) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Suspending Transactions With any Securities Company That Has Engaged in Share Price Manipulation, etc.) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Prohibition on the President Serving in a Concurrent Position in Another Organization When Serious Internal Problems Have Been Discovered in the Company) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Remove a Director Ikebe, Kazuhiro | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Establishment of a Special Compliance Committee) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Sale of Kyushu Electric Power Transmission and Distribution Co., Inc.) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Establishment of a Committee to Investigate the Issue of a 20-Year Extension for the Sendai Nuclear Power Station) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Use of 3D Reflection Method for Seismic Surveys) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Discontinuation of Nuclear Fuel Cycle Business) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to The Company Aims to be a Company that Values its Shareholders) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Complete Independence of Organ Concerning Compliance) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Fair Transactions with Subsidiaries) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Clarifying Responsibility for Changes to Dividends) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Clarifying Responsibility for and Speed of Response to Scandals) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Active Information Disclosure) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Shareholders' Approval of Particularly Important Positions) | SHAREHOLDER | FOR | AGAINST |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| SHIKOKU ELECTRIC POWER COMPANY,INCORPORATED | 28-Jun-2023 | Annual General Meeting | 760,000 | 6804347 | Appoint a Director who is not Audit and Supervisory Committee Member Saeki, Hayato | MGMT | AGAINST | AGAINST | |
| Appoint a Director who is not Audit and Supervisory Committee Member Nagai, Keisuke | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Shirai, Hisashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kawanishi, Noriyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miyamoto, Yoshihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miyazaki, Seiji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ota, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Suginouchi, Kenzo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kawahara, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kagawa, Ryohei | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Otsuka, Iwao | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Nishiyama, Shoichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Izutani, Yachiyo | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members) | MGMT | FOR | FOR | ||||||
| Shareholder Proposal: Approve Appropriation of Surplus | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Remove a Director Saeki, Hayato | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Remove a Director Nagai, Keisuke | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Remove a Director Miyazaki, Seiji | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (1) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (2) | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (3) | SHAREHOLDER | FOR | AGAINST | ||||||
| THE KEIYO BANK,LTD. | 28-Jun-2023 | Annual General Meeting | 376,600 | 6190648 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Kumagai, Toshiyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Ichikawa, Tatsushi | MGMT | FOR | FOR | ||||||
| Appoint a Director Akiyama, Katsusada | MGMT | FOR | FOR | ||||||
| THE AKITA BANK,LTD. | 28-Jun-2023 | Annual General Meeting | 267,400 | 6011653 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Araya, Akihiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Minakawa, Tsuyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ashida, Kosuke | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miura, Chikara | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Miura, Hiroyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sakaki, Junichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakata, Naofumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kakizaki, Tamaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ito, Yutaka | MGMT | FOR | FOR | ||||||
| THE MUSASHINO BANK,LTD. | 28-Jun-2023 | Annual General Meeting | 64,900 | 6611440 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Nagahori, Kazumasa | MGMT | FOR | FOR | ||||||
| Appoint a Director Shirai, Toshiyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Otomo, Ken | MGMT | FOR | FOR | ||||||
| Appoint a Director Kainuma, Tsutomu | MGMT | FOR | FOR | ||||||
| Appoint a Director Miyazaki, Takao | MGMT | FOR | FOR | ||||||
| Appoint a Director Mitsuoka, Ryuichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Sanada, Yukimitsu | MGMT | FOR | FOR | ||||||
| Appoint a Director Kobayashi, Ayako | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Wakahayashi, Kazuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Nakano, Akira | MGMT | FOR | FOR | ||||||
| CENTRAL AUTOMOTIVE PRODUCTS LTD. | 28-Jun-2023 | Annual General Meeting | 68,900 | 6183927 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Increase the Board of Directors Size, Transition to a Company with Supervisory Committee | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sakata, Shinichiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Torino, Yoshifumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kondo, Masayuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sumiyoshi, Tetsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kakino, Masafumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hirouchi, Manabu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kuboi, Toshiaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Masuda, Fumihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sakai, Norimitsu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member AHMED SAJJAD | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Gusoku, Shoji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Nakayama, Masataka | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Horiuchi, Takefumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Osawa, Hidemi | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members) | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors who are Audit and Supervisory Committee Members | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors (Excluding Outside Directors and Directors who are Audit and Supervisory Committee Members) | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| NIPPON SEIKI CO.,LTD. | 28-Jun-2023 | Annual General Meeting | 414,000 | 6642536 | Appoint a Director who is not Audit and Supervisory Committee Member Sato, Koichi | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Nagano, Keiichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Azuma, Masatoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Osaki, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yoshihara, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Murayama, Kazuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Nagai, Tatsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Saiki, Etsuo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Tomiyama, Eiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Suzuki, Kiyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Enomoto, Toshihiko | MGMT | FOR | FOR | ||||||
| Shareholder Proposal: Approve Purchase of Own Shares | SHAREHOLDER | FOR | AGAINST | ||||||
| NOK CORPORATION | 28-Jun-2023 | Annual General Meeting | 26,300 | 6642428 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Tsuru, Masato | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Tsuru, Masao | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Kuroki, Yasuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Watanabe, Akira | MGMT | FOR | FOR | ||||||
| Appoint a Director Orita, Junichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Hogen, Kensaku | MGMT | FOR | FOR | ||||||
| Appoint a Director Fujioka, Makoto | MGMT | FOR | FOR | ||||||
| Appoint a Director Shimada, Naoki | MGMT | FOR | FOR | ||||||
| TOPRE CORPORATION | 28-Jun-2023 | Annual General Meeting | 98,200 | 6894928 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Midorikawa, Yoshie | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Sato, Masahiko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tanaka, Hidekazu | MGMT | FOR | FOR | ||||||
| ASIA PILE HOLDINGS CORPORATION | 28-Jun-2023 | Annual General Meeting | 268,900 | B06D3N6 | Appoint a Director Kurose, Akira | MGMT | AGAINST | AGAINST | |
| Appoint a Director Kurose, Shusuke | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Kotera, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director Baba, Osami | MGMT | FOR | FOR | ||||||
| Appoint a Director Okoshi, Masahiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Okuyama, Kazunori | MGMT | FOR | FOR | ||||||
| Appoint a Director Phan Khac Long | MGMT | FOR | FOR | ||||||
| Appoint a Director Watanabe, Akira | MGMT | FOR | FOR | ||||||
| Appoint a Director Shiraga, Yohei | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Kamimae, Osamu | MGMT | FOR | FOR | ||||||
| Appoint a Director Kabasawa, Toshihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Ueda, Kohei | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Ota, Kunimasa | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Doken, Hiroyuki | MGMT | FOR | FOR | ||||||
| C.I. TAKIRON CORPORATION | 28-Jun-2023 | Annual General Meeting | 327,400 | 6870887 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Saito, Kazuya | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Fukuda, Yuji | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Tamaki, Toshio | MGMT | FOR | FOR | ||||||
| Appoint a Director Fukushima, Noboru | MGMT | FOR | FOR | ||||||
| Appoint a Director Hatano, Kenichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kosaka, Yoshiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Kaide, Takeshi | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Honda, Takashi | MGMT | FOR | FOR | ||||||
| Approve Details of the Performance-based Stock Compensation to be received by Directors | MGMT | FOR | FOR | ||||||
| SAKAI CHEMICAL INDUSTRY CO.,LTD. | 28-Jun-2023 | Annual General Meeting | 169,500 | 6769402 | Appoint a Director Yabe, Masaaki | MGMT | FOR | FOR | |
| Appoint a Director Yagura, Toshiyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakahara, Shinji | MGMT | FOR | FOR | ||||||
| Appoint a Director Okamoto, Yasuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Hattori, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Ito, Yoshikazu | MGMT | FOR | FOR | ||||||
| Appoint a Director Wada, Hiromi | MGMT | FOR | FOR | ||||||
| Appoint a Director Matsuda, Mitsunori | MGMT | FOR | FOR | ||||||
| Appoint Accounting Auditors | MGMT | FOR | FOR | ||||||
| Approve Payment of Bonuses to Directors | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| TOENEC CORPORATION | 28-Jun-2023 | Annual General Meeting | 84,200 | 6895620 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Ikeyama, Tatsuo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takimoto, Tsuguhisa | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hirata, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Fujita, Yuzo | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Horiuchi, Yasuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamazaki, Shigemitsu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Iizuka, Atsushi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ukai, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yoshimoto, Akiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kimura, Masahiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Shibata, Mitsuaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Sugita, Katsuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Terada, Shuichi | MGMT | AGAINST | AGAINST | ||||||
| TPR CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 72,200 | 6880927 | Appoint a Director Suehiro, Hiroshi | MGMT | FOR | FOR | |
| Appoint a Director Yano, Kazumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Karasawa, Takehiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Ii, Akihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Ayuzawa, Noriaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Honke, Masataka | MGMT | FOR | FOR | ||||||
| Appoint a Director Kato, Toshihisa | MGMT | FOR | FOR | ||||||
| Appoint a Director Osawa, Kanako | MGMT | FOR | FOR | ||||||
| Appoint a Director Muneto, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kitahara, Masahiro | MGMT | FOR | FOR | ||||||
| NICHIA STEEL WORKS,LTD. | 29-Jun-2023 | Annual General Meeting | 1,570,600 | 6638160 | Approve Appropriation of Surplus | MGMT | AGAINST | AGAINST | |
| Appoint a Director Onishi, Toshinori | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Okigaki, Yoshihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Terakawa, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director Takama, Toshio | MGMT | FOR | FOR | ||||||
| Appoint a Director Gotoda, Hideaki | MGMT | FOR | FOR | ||||||
| Appoint a Director Tanaka, Fumitake | MGMT | FOR | FOR | ||||||
| Appoint a Director Kido, Kunihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakatani, Yoshiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Ishihara, Miho | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Kitabatake, Shoji | MGMT | AGAINST | AGAINST | ||||||
| NISHIKAWA RUBBER CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 297,800 | 6646862 | Approve Appropriation of Surplus | MGMT | AGAINST | AGAINST | |
| Appoint a Director who is not Audit and Supervisory Committee Member Nishikawa, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ogawa, Hideki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Iwamoto, Tadao | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yasuishi, Keiji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Deguchi, Koso | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Teishi, Minoru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tatsudai, Akihiko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sasaki, Yoshihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Yoshino, Takeshi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Osako, Tadashi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Yamamoto, Junichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kurata, Osamu | MGMT | FOR | FOR | ||||||
| Approve Continuance of Policy regarding Large-scale Purchases of Company Shares (Anti-Takeover Defense Measures) | MGMT | FOR | FOR | ||||||
| OBIC CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 6,800 | 6136749 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Noda, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Tachibana, Shoichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawanishi, Atsushi | MGMT | FOR | FOR | ||||||
| Appoint a Director Fujimoto, Takao | MGMT | FOR | FOR | ||||||
| Appoint a Director Okada, Takeshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Gomi, Yasumasa | MGMT | FOR | FOR | ||||||
| Appoint a Director Ejiri, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Egami, Mime | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| NICHIREKI CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 146,800 | 6638687 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Establish the Articles Related to Record Date for Interim Dividends | MGMT | FOR | FOR | ||||||
| Appoint a Director Obata, Manabu | MGMT | FOR | FOR | ||||||
| Appoint a Director Kawaguchi, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director Hanyu, Akiyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Totsuka, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Yamamoto, Jun | MGMT | FOR | FOR | ||||||
| Appoint a Director Ito, Tatsuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Kobayashi, Osamu | MGMT | FOR | FOR | ||||||
| Appoint a Director Shibumura, Haruko | MGMT | FOR | FOR | ||||||
| Appoint a Director Kidokoro, Takuya | MGMT | FOR | FOR | ||||||
| Appoint a Director Fukuda, Mieko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Nohara, Masaaki | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kanitani, Tsutomu | MGMT | FOR | FOR | ||||||
| SHINDENGEN ELECTRIC MANUFACTURING CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 46,800 | 6804541 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Tanaka, Nobuyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Horiguchi, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director Ukegawa, Osamu | MGMT | FOR | FOR | ||||||
| Appoint a Director Sasaki, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Nishiyama, Yoshihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Kitadai, Yaeko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Morita, Toshihide | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Chiba, Shoji | MGMT | FOR | FOR | ||||||
| MIYAJI ENGINEERING GROUP,INC. | 29-Jun-2023 | Annual General Meeting | 4,100 | 6687559 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Aota, Shigetoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Uehara, Tadashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ikeura, Masahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hirase, Mayumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Ota, Hidemi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Tsujikawa, Masato | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Higuchi, Masato | MGMT | FOR | FOR | ||||||
| Shareholder Proposal: Approve Appropriation of Surplus | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Disclosure of Individual Director Remuneration) | SHAREHOLDER | FOR | AGAINST | ||||||
| THE BANK OF SAGA LTD. | 29-Jun-2023 | Annual General Meeting | 61,300 | 6076447 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Jinnouchi, Yoshihiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sakai, Hideaki | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakamura, Shinzaburo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Unoike, Toru | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamasaki, Shigeyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Koso, Hiroshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kuchiishi, Yoichiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Noguchi, Makoto | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kanagae, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tomiyoshi, Kentaro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kono, Keiji | MGMT | FOR | FOR | ||||||
| THE OKINAWA ELECTRIC POWER COMPANY,INCORPORATED | 29-Jun-2023 | Annual General Meeting | 104,390 | 6658050 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Omine, Mitsuru | MGMT | FOR | FOR | ||||||
| Appoint a Director Motonaga, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Narisoko, Hayato | MGMT | FOR | FOR | ||||||
| Appoint a Director Yokoda, Tetsu | MGMT | FOR | FOR | ||||||
| Appoint a Director Uema, Jun | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakamura, Naomasa | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakahodo, Hiraku | MGMT | FOR | FOR | ||||||
| Appoint a Director Yogi, Tatsuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Nozaki, Seiko | MGMT | FOR | FOR | ||||||
| Appoint a Director Nagamine, Toyoyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Tamaki, Emi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Furusho, Miwa | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Suga, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kamiya, Shigeru | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| RINNAI CORPORATION | 29-Jun-2023 | Annual General Meeting | 19,900 | 6740582 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Hayashi, Kenji | MGMT | FOR | FOR | ||||||
| Appoint a Director Naito, Hiroyasu | MGMT | FOR | FOR | ||||||
| Appoint a Director Narita, Tsunenori | MGMT | FOR | FOR | ||||||
| Appoint a Director Shiraki, Hideyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Inoue, Kazuto | MGMT | FOR | FOR | ||||||
| Appoint a Director Matsui, Nobuyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Kamio, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Ogura, Tadashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Dochi, Yoko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Shimizu, Masanori | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Ishikawa, Yoshiro | MGMT | FOR | FOR | ||||||
| Shareholder Proposal: Approve Purchase of Own Shares | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to Handling Shares Held by Directors) | SHAREHOLDER | AGAINST | FOR | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to the Composition of Outside Directors) | SHAREHOLDER | AGAINST | FOR | ||||||
| THE NANTO BANK,LTD. | 29-Jun-2023 | Annual General Meeting | 32,800 | 6621524 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Increase the Board of Directors Size, Transition to a Company with Supervisory Committee | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hashimoto, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Ishida, Satoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yokotani, Kazuya | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sugiura, Takeshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Funaki, Ryuichiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Honda, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Matsuzaka, Hidetaka | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakayama, Kozue | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nishimura, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Handa, Takao | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Aoki, Shuhei | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kasuya, Yoshihiko | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Director who is Audit and Supervisory Committee Member Yasui, Kiyomi | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members) | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors who are Audit and Supervisory Committee Members | MGMT | FOR | FOR | ||||||
| Approve Details of the Performance-based Stock Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members and Outside Directors) | MGMT | FOR | FOR | ||||||
| STARTS CORPORATION INC. | 29-Jun-2023 | Annual General Meeting | 58,800 | 6841913 | Appoint a Director Muraishi, Hisaji | MGMT | AGAINST | AGAINST | |
| Appoint a Director Isozaki, Kazuo | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Muraishi, Toyotaka | MGMT | FOR | FOR | ||||||
| Appoint a Director Saito, Taroo | MGMT | FOR | FOR | ||||||
| Appoint a Director Naoi, Hideyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakamatsu, Manabu | MGMT | FOR | FOR | ||||||
| Appoint a Director Naoi, Tamotsu | MGMT | FOR | FOR | ||||||
| Appoint a Director Hasegawa, Takahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Muramatsu, Hisayuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Takahashi, Naoko | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Yamamoto, Yoshio | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Takaragaki, Kazuhiko | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Maehara, Yutaka | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Corporate Auditor Aikyo, Shigenobu | MGMT | FOR | FOR | ||||||
| Approve Provision of Retirement Allowance for Retiring Directors | MGMT | AGAINST | AGAINST | ||||||
| NIPPON SODA CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 17,600 | 6640585 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Aga, Eiji | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Watanabe, Atsuo | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sasabe, Osamu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Shimizu, Osamu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Tsuchiya, Mitsuaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Watase, Yuko | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Meiga, Takayoshi | MGMT | FOR | FOR |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| MEIKO TRANS CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 258,300 | 6575944 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Reduce Term of Office of Directors to One Year, Adopt an Executive Officer System, Allow the Board of Directors to Authorize Appropriation of Surplus and Purchase Own Shares, Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director Takahashi, Jiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Fujimori, Toshio | MGMT | FOR | FOR | ||||||
| Appoint a Director Takahashi, Hiroshi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Karube, Jun | MGMT | FOR | FOR | ||||||
| Appoint a Director Ogura, Tadashi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Akita, Koichi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Tokuoka, Shigenobu | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors | MGMT | AGAINST | AGAINST | ||||||
| Shareholder Proposal: Approve Purchase of Own Shares | SHAREHOLDER | FOR | AGAINST | ||||||
| Shareholder Proposal: Amend Articles of Incorporation (Amend the Articles Related to the Number of Outside Directors) | SHAREHOLDER | AGAINST | FOR | ||||||
| DAI-DAN CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 27,300 | 6661735 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Kitano, Shohei | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Fujisawa, Ichiro | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director Yamanaka, Yasuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Sasaki, Hisao | MGMT | FOR | FOR | ||||||
| Appoint a Director Kamei, Yasuo | MGMT | FOR | FOR | ||||||
| Appoint a Director Matsubara, Fumio | MGMT | FOR | FOR | ||||||
| Appoint a Director Sato, Ikumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kosakai, Kenkichi | MGMT | FOR | FOR | ||||||
| Appoint a Substitute Corporate Auditor Isokawa, Takeshi | MGMT | FOR | FOR | ||||||
| MIURA CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 98,200 | 6597777 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director who is not Audit and Supervisory Committee Member Miyauchi, Daisuke | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Hiroi, Masayuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Takechi, Noriyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kojima, Yoshihiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yoneda, Tsuyoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Kawamoto, Kenichi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Higuchi, Tateshi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Yamauchi, Osamu | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Saiki, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Ando, Yoshiaki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Koike, Tatsuko | MGMT | FOR | FOR | ||||||
| Appoint Accounting Auditors | MGMT | FOR | FOR | ||||||
| KANDENKO CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 904,400 | 6483586 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director Fubasami, Seiichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakama, Toshio | MGMT | FOR | FOR | ||||||
| Appoint a Director Iida, Nobuhiro | MGMT | FOR | FOR | ||||||
| Appoint a Director Ueda, Yuji | MGMT | FOR | FOR | ||||||
| Appoint a Director Fujii, Mitsuru | MGMT | FOR | FOR | ||||||
| Appoint a Director Enoki, Hiroyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakahito, Koichi | MGMT | FOR | FOR | ||||||
| Appoint a Director Tamogami, Hirofumi | MGMT | FOR | FOR | ||||||
| Appoint a Director Saito, Hajime | MGMT | FOR | FOR | ||||||
| Appoint a Director Ando, Miwako | MGMT | FOR | FOR | ||||||
| Appoint a Director Tanaka, Koji | MGMT | FOR | FOR | ||||||
| Appoint a Director Suto, Miwa | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Kashiwabara, Shoichiro | MGMT | FOR | FOR | ||||||
| Approve Payment of Bonuses to Directors | MGMT | AGAINST | AGAINST |
| PROXY VOTING REPORT |
| FOR THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 |
| JAPAN SMALLER CAPITALIZATION FUND, INC. |
| Company Name | Meeting Date | Meeting Type | Voted Shares | SEDOL | Proposal | Proposed By | For/Against MGMT | Vote | |
| YONDENKO CORPORATION | 29-Jun-2023 | Annual General Meeting | 99,600 | 6804433 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Amend Articles to: Approve Minor Revisions | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sekiya, Yukio | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Furukawa, Toshifumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamasaki, Naoki | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Nakagawa, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamamoto, Yoshiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yanagawa, Yoshihisa | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Yamaguchi, Takahiro | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Sano, Tadashi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is not Audit and Supervisory Committee Member Todani, Minako | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Kawahara, Hiroshi | MGMT | AGAINST | AGAINST | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Okabayashi, Masafumi | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hashikura, Soroku | MGMT | FOR | FOR | ||||||
| Appoint a Director who is Audit and Supervisory Committee Member Hirano, Miki | MGMT | FOR | FOR | ||||||
| Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members) | MGMT | FOR | FOR | ||||||
| Approve Details of the Restricted-Stock Compensation to be received by Directors (Excluding Outside Directors and Directors who are Audit and Supervisory Committee Members) | MGMT | FOR | FOR | ||||||
| NIPPON SHINYAKU CO.,LTD. | 29-Jun-2023 | Annual General Meeting | 52,300 | 6640563 | Approve Appropriation of Surplus | MGMT | FOR | FOR | |
| Appoint a Director Maekawa, Shigenobu | MGMT | FOR | FOR | ||||||
| Appoint a Director Nakai, Toru | MGMT | FOR | FOR | ||||||
| Appoint a Director Sano, Shozo | MGMT | FOR | FOR | ||||||
| Appoint a Director Takaya, Takashi | MGMT | FOR | FOR | ||||||
| Appoint a Director Edamitsu, Takanori | MGMT | FOR | FOR | ||||||
| Appoint a Director Takagaki, Kazuchika | MGMT | FOR | FOR | ||||||
| Appoint a Director Ishizawa, Hitoshi | MGMT | FOR | FOR | ||||||
| Appoint a Director Kimura, Hitomi | MGMT | FOR | FOR | ||||||
| Appoint a Director Sakurai, Miyuki | MGMT | FOR | FOR | ||||||
| Appoint a Director Wada, Yoshinao | MGMT | FOR | FOR | ||||||
| Appoint a Director Kobayashi, Yukari | MGMT | FOR | FOR | ||||||
| Appoint a Director Nishi, Mayumi | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Ito, Hirotsugu | MGMT | FOR | FOR | ||||||
| Appoint a Corporate Auditor Hara, Hiroharu | MGMT | FOR | FOR |
| By: | /s/ Mr. Yuichi Nomoto |
