TOKYO, May 20 (Pulse News Wire) – Arcs Company,limited (9948.T) announced today that it has decided to replace independent committee member candidate Tatsuya Hori, who passed away unexpectedly on May 16, 2026, with Junichi Morikawa. The change was approved during a board meeting held earlier today.
Morikawa, born in December 1947, is a certified public accountant and currently serves as the managing partner of Morikawa Certified Public Accountants Office. He also holds positions such as director of the Hokkaido Association of Certified Public Accountants. There are no special interests between Morikawa and the company.
This replacement will take effect on May 26, 2026, coinciding with the scheduled convening of the 65th Annual General Meeting of Shareholders. The updated notice for the shareholders' meeting will reflect this change. The independent committee members now consist of Junichi Morikawa, Satoshi Takashima, and Akio Koike, all of whom are external directors or experts with extensive backgrounds in their respective fields.
The company emphasizes that there are no particular conflicts of interest between these individuals and ARCS Company.
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