TOKYO, Jun 30 (Pulse News Wire) – Convano Inc. (6574.T) canceled its plan to change the fiscal year-end and amend parts of its articles of incorporation following the rejection of the proposal at its 13th regular shareholders meeting held on June 27.
The decision was made because the proposal, which aimed to alter the fiscal year-end and amend the articles of incorporation, did not pass during the meeting. As a result, the company has revised its previous announcement dated May 25, which stated that the changes would take effect contingent upon approval of the proposal. The updated version clarifies that since the proposal was rejected, the planned amendments will not come into force.
Specifically, the revision states that the amendment to the fiscal year-end and the articles of incorporation will not have any effect due to the vote outcome. Looking ahead, Convano's fiscal year will continue to run from April 1 to March 31 annually, consistent with the existing provisions of its articles of incorporation. The company’s forecast for consolidated performance remains unchanged from the figures published on May 15 in its “Consolidated Financial Results Brief IFRS for the Period Ending March 2026.”.
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