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HORIBA chairman's approval drops to 74.4% at annual meeting

Wed, 25 Mar 2026 19:00:14 -0400

HORIBA Ltd. (TYO: 6856) Chairman Atsushi Horiba received 74.4% approval for reappointment at the company's annual general meeting held March 21, down from approximately 91.0% the previous year, according to Oasis Management Company Ltd.

Oasis, which holds 9.90% of HORIBA shares, said the voting results represent shareholder concern over governance and capital allocation. More than one in four votes cast opposed the chairman's continued leadership.

Several other directors received lower approval rates than typical for TOPIX-listed companies. Newly-appointed CFO Hiroshi Koyama received 81.6% support, while Director Dan Horiba and Director George Gillespie each received 82.4% approval. Outside Directors Fumihiko Matsuda and Tomoko

HORIBA chairman's approval drops to 74.4% at annual meeting

Wed, 25 Mar 2026 19:00:14 -0400

Oasis Views HORIBA’s 2026 AGM Results as Clear Warning to the Board

Wed, 25 Mar 2026 19:00:00 -0400

(Securities Code: 6856 JT)

*Chairman Atsushi Horiba’s approval rate dropped to 74.4% from 91.0% last year, signaling clear shareholder concern over governance, capital allocation, and portfolio strategy

*The AGM result reinforces the need for greater board accountability, clearer portfolio review criteria, and measurable commitments to improve underperforming businesses

*Oasis will continue engaging with the Company and other stakeholders to help protect and strengthen the Company’s core competitive advantages

More information available at www.protecthoriba.com

HONG KONG--(BUSINESS WIRE)-- Oasis Management Company Ltd. (“Oasis”), the manager to private funds holding 9.90% of the shares of HORIBA,

Oasis Views HORIBA’s 2026 AGM Results as Clear Warning to the Board

Wed, 25 Mar 2026 19:00:00 -0400

(Securities Code: 6856 JT)

*Chairman Atsushi Horiba’s approval rate dropped to 74.4% from 91.0% last year, signaling clear shareholder concern over governance, capital allocation, and portfolio strategy

*The AGM result reinforces the need for greater board accountability, clearer portfolio review criteria, and measurable commitments to improve underperforming businesses

*Oasis will continue engaging with the Company and other stakeholders to help protect and strengthen the Company’s core competitive advantages

More information available at www.protecthoriba.com

HONG KONG--(BUSINESS WIRE)-- Oasis Management Company Ltd. (“Oasis”), the manager to private funds holding 9.90% of the shares of HORIBA,

Oasis Views HORIBA’s 2026 AGM Results as Clear Warning to the Board

Wed, 25 Mar 2026 19:00:00 -0400

(Securities Code: 6856 JT)

*Chairman Atsushi Horiba’s approval rate dropped to 74.4% from 91.0% last year, signaling clear shareholder concern over governance, capital allocation, and portfolio strategy

*The AGM result reinforces the need for greater board accountability, clearer portfolio review criteria, and measurable commitments to improve underperforming businesses

*Oasis will continue engaging with the Company and other stakeholders to help protect and strengthen the Company’s core competitive advantages

More information available at www.protecthoriba.com

HONG KONG--(BUSINESS WIRE)-- Oasis Management Company Ltd. (“Oasis”), the manager to private funds holding 9.90% of the shares of HORIBA,

Oasis Views HORIBA’s 2026 AGM Results as Clear Warning to the Board

Wed, 25 Mar 2026 19:00:00 -0400

(Securities Code: 6856 JT)

*Chairman Atsushi Horiba’s approval rate dropped to 74.4% from 91.0% last year, signaling clear shareholder concern over governance, capital allocation, and portfolio strategy

*The AGM result reinforces the need for greater board accountability, clearer portfolio review criteria, and measurable commitments to improve underperforming businesses

*Oasis will continue engaging with the Company and other stakeholders to help protect and strengthen the Company’s core competitive advantages

More information available at www.protecthoriba.com

HONG KONG--(BUSINESS WIRE)-- Oasis Management Company Ltd. (“Oasis”), the manager to private funds holding 9.90% of the shares of HORIBA,

Oasis Calls on HORIBA Shareholders to Vote Against Chairman Atsushi Horiba at the 2026 Annual General Meeting

Sun, 08 Mar 2026 19:00:00 -0400

*Oasis urges shareholders to vote AGAINST the reappointment of Atsushi Horiba as Chairman and Group CEO at HORIBA’s 2026 AGM

*The Board has failed to hold Chairman Horiba accountable for failed acquisitions, failure to exit low-return businesses, and fostering a culture of nepotism and cronyism

*HORIBA’s world-class Semiconductor franchise generates ~90% of operating profit and holds ~60% global market share, yet the Company trades at a steep discount to global peers

*HORIBA shares could see over 105% upside if management prioritized the Semiconductor franchise and restructured loss-making businesses

*Despite the series of failures, Chairman Horiba has served as the

Oasis Calls on HORIBA Shareholders to Vote Against Chairman Atsushi Horiba at the 2026 Annual General Meeting

Sun, 08 Mar 2026 19:00:00 -0400

*Oasis urges shareholders to vote AGAINST the reappointment of Atsushi Horiba as Chairman and Group CEO at HORIBA’s 2026 AGM
*The Board has failed to hold Chairman Horiba accountable for failed acquisitions, failure to exit low-return businesses, and fostering a culture of nepotism and cronyism
*HORIBA’s world-class Semiconductor franchise generates ~90% of operating profit and holds ~60% global market share, yet the Company trades at a steep discount to global peers
*HORIBA shares could see over 105% upside if management prioritized the Semiconductor franchise and restructured loss-making businesses
*Despite the series of failures, Chairman Horiba has served as the

Oasis Calls on HORIBA Shareholders to Vote Against Chairman Atsushi Horiba at the 2026 Annual General Meeting

Sun, 08 Mar 2026 19:00:00 -0400

*Oasis urges shareholders to vote AGAINST the reappointment of Atsushi Horiba as Chairman and Group CEO at HORIBA’s 2026 AGM
*The Board has failed to hold Chairman Horiba accountable for failed acquisitions, failure to exit low-return businesses, and fostering a culture of nepotism and cronyism
*HORIBA’s world-class Semiconductor franchise generates ~90% of operating profit and holds ~60% global market share, yet the Company trades at a steep discount to global peers
*HORIBA shares could see over 105% upside if management prioritized the Semiconductor franchise and restructured loss-making businesses
*Despite the series of failures, Chairman Horiba has served as the

Oasis Calls on HORIBA Shareholders to Vote Against Chairman Atsushi Horiba at the 2026 Annual General Meeting

Sun, 08 Mar 2026 19:00:00 -0400

*Oasis urges shareholders to vote AGAINST the reappointment of Atsushi Horiba as Chairman and Group CEO at HORIBA’s 2026 AGM
*The Board has failed to hold Chairman Horiba accountable for failed acquisitions, failure to exit low-return businesses, and fostering a culture of nepotism and cronyism
*HORIBA’s world-class Semiconductor franchise generates ~90% of operating profit and holds ~60% global market share, yet the Company trades at a steep discount to global peers
*HORIBA shares could see over 105% upside if management prioritized the Semiconductor franchise and restructured loss-making businesses
*Despite the series of failures, Chairman Horiba has served as the

Form F-6EF Horiba, Ltd./ADR Filed by: Citibank,N.A./ADR

Wed, 19 Nov 2025 13:34:00 -0400
si-local-file:///var/storage/secattach/20251119/25637503.html

Form F-6EF Horiba, Ltd./ADR Filed by: Citibank,N.A./ADR

Wed, 19 Nov 2025 13:34:00 -0400
si-local-file:///var/storage/secattach/20251119/25637503.html

Form F-6EF Horiba, Ltd./ADR Filed by: Citibank,N.A./ADR

Wed, 19 Nov 2025 13:34:00 -0400
si-local-file:///var/storage/secattach/20251119/25637503.html

Form F-6EF Horiba, Ltd./ADR Filed by: BANK OF NEW YORK / ADR DIVISION

Mon, 29 Sep 2025 11:12:00 -0400
si-local-file:///var/storage/secattach/20250929/25390008.html

Form F-6EF Horiba, Ltd./ADR Filed by: BANK OF NEW YORK / ADR DIVISION

Mon, 29 Sep 2025 11:12:00 -0400
si-local-file:///var/storage/secattach/20250929/25390008.html

Form F-6EF Horiba, Ltd./ADR Filed by: BANK OF NEW YORK / ADR DIVISION

Mon, 29 Sep 2025 11:12:00 -0400
si-local-file:///var/storage/secattach/20250929/25390008.html