Oasis Urges Tokyo Steel Shareholders to Vote AGAINST President Nara and Director Tsuda at 2026 AGM (Securities Code: 5423 JT)

Oasis Urges Tokyo Steel Shareholders to Vote AGAINST President Nara and Director Tsuda at 2026 AGM (Securities Code: 5423 JT)

*Tokyo Steel’s capital efficiency and plant utilization rates remain at low levels, while management has failed to take effective measures to address these structural issues. The Company has also recorded significant impairment losses and repeatedly revised down earnings forecasts over the past three fiscal years, raising serious concerns regarding management credibility and earnings visibility

*Oasis urges shareholders to vote AGAINST the re-election of President Nara and the election of Mr. Tsuda as a director at the upcoming 2026 AGM

* Oasis has published specific strategic recommendations, including proposals for the effective utilization of the Company’s assets, aimed at significantly improving Tokyo Steel’s corporate value and capital efficiency

*Oasis’s plan calls on Tokyo Steel to use underutilized steel plants as data centers to spur growth