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Governance7242KYB CorporationAutomobiles and transportation equipment

Articles of Incorporation 2026/10/01

The Articles of Incorporation were amended effective 1 October 2026 to review the dividend rate for Class A preferred shares and the related terms for unpaid dividends, redemption and conversion. The company remains a company with an audit & supervisory board, and the number of directors is capped at 12.

Worth reading
51Recurring
Scored from 2 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
—
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Wording
Definitive
How definitive the wording is.

Governance structure

Company with an audit & supervisory board (Article 4 provides for a board of directors, audit & supervisory board members, an audit & supervisory board and an accounting auditor)
Number of directorsNo more than 12 (of which the number of outside directors is Not disclosed)
Changes this time

1 October 2026, 40th amendment. Although the body does not include a list of the amended provisions or details of the amendments, it states that the dividend rate for Class A preferred shares will be 8.5% per annum from 29 June 2026 and includes an acquisition clause providing for cash consideration from 28 June 2026.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an audit & supervisory board (Article 4 provides for a board of directors, audit & supervisory board members, an audit & supervisory board and an accounting auditor)
Number of directorsNo more than 12 (of which the number of outside directors is Not disclosed)
Changes this time1 October 2026, 40th amendment. Although the body does not include a list of the amended provisions or details of the amendments, it states that the dividend rate for Class A preferred shares will be 8.5% per annum from 29 June 2026 and includes an acquisition clause providing for cash consideration from 28 June 2026.
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.

The Articles of Incorporation do not state the reason for the amendment.

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.
Articles of Incorporation 2026/10/01 | KYB Corporation (7242) timely disclosure | Komori