Change in Accounting Auditor
Shinwa Co.,Ltd. (filing company)
Outgoing accounting auditor: KPMG AZSA LLC; incoming accounting auditor: Kagayaki Audit Corporation
The Company conducted a comparative review of the audit services appropriate to its business scale, the reasonableness of audit costs, independence, expertise, quality control systems, and the appropriateness of audit fees. KPMG AZSA LLC, the outgoing accounting auditor, will reach the end of its term.
Related procedures
Procedure for appointment and retirement of an accounting auditor (approval at the annual general meeting of shareholders)
The change will be formally decided following approval at the 12th annual general meeting of shareholders scheduled for 26 June 2026. Following approval, KPMG AZSA LLC will retire upon expiration of its term at the conclusion of the annual general meeting, and Kagayaki Audit Corporation is scheduled to take office.
Formal decision following approval at the 12th annual general meeting of shareholders scheduled for 26 June 2026
| Item | Details |
|---|---|
| Event name | Change in Accounting Auditor |
| Date of occurrence | 11 May 2026 (resolution by the Audit and Supervisory Committee to make the change) |
| Subject Entity | Shinwa Co.,Ltd. (filing company) |
| Target Locations / Products | Outgoing accounting auditor: KPMG AZSA LLC; incoming accounting auditor: Kagayaki Audit Corporation |
| Cause | The Company conducted a comparative review of the audit services appropriate to its business scale, the reasonableness of audit costs, independence, expertise, quality control systems, and the appropriateness of audit fees. KPMG AZSA LLC, the outgoing accounting auditor, will reach the end of its term. |
| Type of litigation or proceeding | Procedure for appointment and retirement of an accounting auditor (approval at the annual general meeting of shareholders) |
| Outlook | The change will be formally decided following approval at the 12th annual general meeting of shareholders scheduled for 26 June 2026. Following approval, KPMG AZSA LLC will retire upon expiration of its term at the conclusion of the annual general meeting, and Kagayaki Audit Corporation is scheduled to take office. |
| Planned follow-up disclosure | Formal decision following approval at the 12th annual general meeting of shareholders scheduled for 26 June 2026 |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Following a comprehensive review of the audit services appropriate to the Company’s business scale, the reasonableness of audit costs, independence, expertise, quality control systems, and the appropriateness of audit fees, the Company determined that Kagayaki Audit Corporation was suitable. KPMG AZSA LLC, the outgoing accounting auditor, will reach the end of its term.