TOTO LTD.
Notice of Partial Amendment of Articles of Incorporation | June 23, 2026
TOTO Ltd. has resolved to partially amend its articles of incorporation, including reducing the number of directors and changing the decision-making process for dividends. The general meeting of shareholders will be held on June 23, 2026, with the amendments taking effect on the same day.
Key Figures
- Number of directors: reduced from 14 to 7
- Directors who are Audit & Supervisory Committee Members: within 5 (no change)
- Shareholders’ meeting date: June 23, 2026
AI要約
Overview of the Partial Amendment of Articles of Incorporation
TOTO Ltd. plans to reduce the number of directors from the current 14 to 7, aiming to strengthen corporate governance, and to amend the articles of incorporation to allow the decision of dividends and surplus distribution to be made by either the board of directors’ resolution or the general meeting of shareholders. This change is intended to accelerate decision-making and deepen dialogue with shareholders. The shareholders’ meeting is scheduled for June 23, 2026, with the amendments becoming effective on the same day.
Schedule and Impact Going Forward
The shareholders’ meeting to approve the amendments is scheduled for June 23, 2026, with the amendments taking effect on that same day. This will enable the reduction of directors and increased flexibility in dividend decisions, strengthening corporate governance and promoting dialogue with shareholders. For investors, key points include improved decision-making efficiency and enhanced transparency in governance.
TOTO Ltd.
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