Chiyoda Corporation
【Chiyoda Corporation】Notice of Partial Amendment to Articles of Incorporation｜May 2026
Chiyoda Corporation announced a correction regarding a partial amendment to its Articles of Incorporation, providing details concerning the agenda at the 98th Ordinary General Meeting of Shareholders. The amendment mainly pertains to revisions of provisions related to the redemption of preferred shares.
Key Figures
- Redemption value of preferred shares: 436 JPY (period until the end of June 2029)
- Redemption procedures: Revised provisions related to board decision process and notification period
- Change effective date: At the shareholders' meeting scheduled for June 2026
AI要約
Overview of the Amendment to the Articles of Incorporation
Chiyoda Corporation published a notice of a partial amendment to the Articles of Incorporation on May 20, 2026. The amendment involves revisions to provisions concerning the mandatory redemption of preferred shares after July 1, 2021, specifically adjusting details related to redemption value and procedures. As a result, the regulations regarding preferred share redemptions have been clarified.
Impact on Shareholders and Future Outlook
This amendment to the Articles of Incorporation involves corrections to provisions related to the redemption procedures and calculation methods of redemption value for preferred shares. It is considered to have limited direct impact on shareholders' rights and capital policy. The amendments will be formally implemented after shareholder approval at the upcoming general meeting, aiming to improve transparency in the company's capital policy.
Chiyoda Corporation
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