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Governance6369TOYO KANETSU K.K.Machinery

Notice Regarding Partial Amendments to the Articles of Incorporation (Changes to Business Objectives and the Number of Directors Serving as Audit and Supervisory Committee Members)

In line with the transition to a holding company structure, the business purposes in the Articles of Incorporation will be revised to reflect the company’s activities as a holding company. In addition, the maximum number of Directors serving as Audit and Supervisory Committee Members will be increased from 4 to 6.

Worth reading
75Important
Scored from 2 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
2
People (maximum number of Directors serving as Audit and Supervisory Committee Members)
Wording
Conditional
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee
Number of directorsNo more than 7 Directors (excluding Directors serving as Audit and Supervisory Committee Members), and no more than 6 Directors serving as Audit and Supervisory Committee Members (previously no more than 4)
Changes this time

The business purposes will be revised to reflect the businesses to be conducted after the transition to a holding company structure, and the maximum number of Directors serving as Audit and Supervisory Committee Members will be changed from 4 to 6. The amendment to the business purposes will take effect on 1 April 2027, subject to approval at the General Meeting of Shareholders and the effectiveness of the absorption-type company split. The change in the maximum number of Directors will take effect on 25 June 2026 as scheduled.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Number of directorsNo more than 7 Directors (excluding Directors serving as Audit and Supervisory Committee Members), and no more than 6 Directors serving as Audit and Supervisory Committee Members (previously no more than 4)
Changes this timeThe business purposes will be revised to reflect the businesses to be conducted after the transition to a holding company structure, and the maximum number of Directors serving as Audit and Supervisory Committee Members will be changed from 4 to 6. The amendment to the business purposes will take effect on 1 April 2027, subject to approval at the General Meeting of Shareholders and the effectiveness of the absorption-type company split. The change in the maximum number of Directors will take effect on 25 June 2026 as scheduled.
Items this document does not state (5)
Number 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 align the purposes set out in the Articles of Incorporation with the businesses to be conducted after the transition to a holding company structure. In addition, to strengthen the audit and supervisory functions of management by increasing the number of Directors serving as Audit and Supervisory Committee Members.

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 (Changes to Business Objectives and the Number of Directors Serving as Audit and Supervisory Committee Members) | TOYO KANETSU K.K. (6369) timely disclosure | Komori