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Oasis urges Aoki shareholders to vote against proposed takeover defense measures at the February 2026 Extraordinary General Meeting. The measures are seen as benefiting the Aoki Brothers and Family at the expense of minority shareholders.

Oasis criticizes stock options issued to the Aoki Brothers at a significant discount, causing dilution. Aoki is also transferring its listing from the Tokyo Stock Exchange Prime Market to Standard Market and seeking a new listing in Nagoya, raising governance concerns. Aeon recently terminated its business alliance with Aoki, citing serious governance issues.