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