Ebara Jitsugyo Board Rejects Activist’s Pay and Governance Proposals

The latest announcement is out from Ebara Jitsugyo Co., Ltd. ( (JP:6328) ).

Ebara Jitsugyo’s board has formally opposed a set of shareholder proposals submitted by Nippon Active Value Fund for the March 24, 2026 annual general meeting. The proposals seek to revise the restricted share-based remuneration framework, mandate additional share buybacks, and amend the articles to change the number of outside directors.

The board argues that its own planned revision to the director pay mix, including an increase in restricted share-based remuneration to strengthen performance and shareholder value alignment, has already been vetted by an independent director-led remuneration committee. It says the activist’s proposed ¥280 million cap and extension of stock awards to outside and audit committee directors would distort the balance of fixed and performance-linked pay and undermine independent oversight, signaling a firm defense of its current governance and incentive structure.

The most recent analyst rating on (JP:6328) stock is a Buy with a Yen3017.00 price target. To see the full list of analyst forecasts on Ebara Jitsugyo Co., Ltd. stock, see the JP:6328 Stock Forecast page.

More about Ebara Jitsugyo Co., Ltd.

Ebara Jitsugyo Co., Ltd. is a Japanese industrial company listed on the TSE Prime Market under securities code 6328. The company focuses on providing equipment, systems, and related services, serving industrial and infrastructure markets where governance, capital allocation, and long-term corporate value are key concerns for shareholders.

Average Trading Volume: 67,181

Technical Sentiment Signal: Buy

Current Market Cap: Yen66.95B

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