Source disclosure: February 20, 2026
B-Lot Company Limited [3452.T]
TOKYO, Feb 20 (Pulse News Wire) -- B-Lot Company Limited (3452.T), represented by Chairman Miyuchi Masashi, announced on February 20 that it has decided to propose amendments to its articles of incorporation at its upcoming 18th Annual General Meeting scheduled for March 27, 2026. The changes aim to enhance flexibility in capital and dividend policies by allowing the board of directors to make decisions regarding surplus distribution under Article 459, Paragraph 1 of Japan's Companies Act.
The primary reason for this amendment is to enable more agile management strategies through board resolutions rather than solely relying on shareholder meetings. This change will permit the company to adjust its capital and dividend policies more swiftly without excluding future options for shareholder approval as stipulated by Article 460, Paragraph 1 of the Companies Act, which allows restrictions on shareholders' rights.
Specifically, the proposed amendment introduces a new clause in the articles of incorporation. Under the current version, there was no provision explicitly granting the board such authority. However, the revised version includes an additional section stating: “Article 34 - Unless otherwise provided by law, the Board of Directors may decide matters specified in Item 1 of Article 459 of the Companies Act.” The subsequent articles, numbered 35 through 37, remain unchanged according to the announcement.
The company plans to hold the extraordinary general meeting on March 27, 2026, where these changes will be discussed and voted upon. If approved, the amended provisions will take effect immediately after the meeting concludes on the same day.
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