Aichi Steel to Amend Articles of Incorporation at Upcoming Shareholders' Meeting

TOKYO, May 14 (Pulse News Wire) – Aichi Steel Corporation (5482.T) announced today that its board of directors, held, resolved to propose amendments to the company's articles of incorporation at its 122nd regular shareholders' meeting scheduled for June 2026. The proposed changes aim to transition from a company with a Board of Auditors to a company with an Audit and Supervisory Committee.

This shift seeks to enhance oversight functions, accelerate decision-making processes, and strengthen corporate governance further. Key modifications include establishing provisions related to the Audit and Supervisory Committee and removing those concerning the Board of Auditors.

Additionally, the amendment introduces regulations for delegating important business decisions to executives. The shareholders’ meeting to approve these changes is set for June 16, 2026, with the amended articles taking effect immediately upon approval.