Komori
Governance6201豊田自動織機Automobiles and transportation equipment

Notice Regarding Partial Amendments to the Articles of Incorporation

In connection with the consolidation of shares and delisting, the Articles of Incorporation will be amended to abolish the Audit & Supervisory Board and provide only for Audit & Supervisory Board Members. The numbering of related articles will also be advanced accordingly.

Worth reading
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Scored from 0 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
74100604
Reverse stock split of shares into 1 share
Wording
Conditional
How definitive the wording is.

Governance structure

Company with Audit & Supervisory Board Members (without an Audit & Supervisory Board)
Changes this time

The Audit & Supervisory Board will be abolished, and the Articles of Incorporation will be amended to provide only for Audit & Supervisory Board Members. Provisions concerning the appointment of a full-time Audit & Supervisory Board Member and provisions concerning the Audit & Supervisory Board will be deleted, and the numbering of related articles will be advanced accordingly.

Governance structure
ItemDetails
Corporate Governance StructureCompany with Audit & Supervisory Board Members (without an Audit & Supervisory Board)
Changes this timeThe Audit & Supervisory Board will be abolished, and the Articles of Incorporation will be amended to provide only for Audit & Supervisory Board Members. Provisions concerning the appointment of a full-time Audit & Supervisory Board Member and provisions concerning the Audit & Supervisory Board will be deleted, and the numbering of related articles will be advanced accordingly.
Items this document does not state (6)
Number of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesControlling shareholder

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.

To establish an audit system that functions flexibly and efficiently as a private company after delisting, while maintaining the same level of effectiveness as before.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Partial Amendments to the Articles of Incorporation | 豊田自動織機 (6201) timely disclosure | Komori