TOKYO, Mar 27 (Pulse News Wire) – coly Inc. (4175.T) resolved at its March 27 board meeting to propose amendments to its articles of incorporation at its upcoming 12th Annual General Meeting scheduled for April 24, 2026.
The changes aim to enable virtual-only shareholder meetings without a fixed location, aligning with recent legal reforms aimed at enhancing industrial competitiveness and adapting to unforeseen societal shifts such as pandemics and natural disasters. Under the revised Article 12, subsection 2, the company will now have the authority to hold shareholder meetings without specifying a physical venue.
This amendment was confirmed by the Ministry of Economy, Trade and Industry and the Ministry of Justice based on criteria ensuring shareholders' interests are protected while strengthening industry competitiveness. The proposed amendments will take effect on April 24, 2026, contingent upon approval during the annual general meeting on the same day.
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