This is serious.Nomura’s 6-K form has been filed and shareholders are demanding that the Japanese bank install Japanese-style toilets in order to increase the stock price.
Proposal 12: Amendment to the Articles of Incorporation (Regarding overhaul of basic daily movements)
Details of Proposal: It should be stipulated in the Articles of Incorporation that all toilets within the Company’s offices shall be Japanese-style toilets, thereby toughening the legs and loins and hunkering down on a daily basis, aiming at achieving 4-digit stock prices.
Reasons for Proposal: The Company is on the verge of bankruptcy. In other words, it is the time to hunker down. The Company cannot avoid bankruptcy if it merely adopts a spiritual approach such as encouraging sales persons to speak in a loud voice, but the Company can surely avoid failure if they straddle over a Japanese-style toilet every day and strengthen their lower body. If it cannot, it can only be accepted as a bad luck.
- Opinion of the Board of Directors: The Board is opposed to this proposal.
If you’re not familiar with the Japanese toilet traditions, there’s an ancient Japanese custom where people believe there is a toilet god and that’s why it should be kept clean.