March 6, 2025
Ezaki Glico is a major confectionery manufacturer with well-known brands such as “Pocky,” “Pretz,” and “Giant Cone,” which are widely loved not only in Japan but also overseas. Although it is a company with an excellent business, the average ROE over the past five years is only 4.5%, and the PBR is about 1, and the company continues to be poorly evaluated by the market compared to other confectionery manufacturers in the same industry.
We have made three shareholder proposals to improve Ezaki Glico’s corporate value and achieve a fair share price.
i. Amendment to the articles of incorporation regarding response to Tokyo Stock Exchange requests
ii. Acquisition of treasury stock
iii. Expansion of restricted stock compensation
We will publish materials explaining the contents of the proposals.