Article

Oasis, a long-term shareholder of Aoki, is urging shareholders to vote against the proposed takeover defense measures at the Extraordinary General Meeting in February 2026. These measures are perceived as advantageous to the Aoki Brothers and Family, undermining minority shareholders' interests.

Oasis highlights the issuance of stock options to the Aoki Brothers at over 99% discount, resulting in 11.1% shareholder dilution. Additionally, Aoki plans to transfer its listing from the Tokyo Stock Exchange Prime Market to the Standard Market and pursue a new listing on the Nagoya Stock Exchange. Aeon has terminated its business alliance with Aoki, citing significant governance deficiencies.