DIAMOND ELECTRIC HOLDINGS Co.,Ltd. [6699.T]
TOKYO, May 28 (Pulse News Wire) – Diamond Electric Holdings CO.,LTD. (6699.T) announced today that its board of directors decided to hold a continuous meeting of the eighth regular shareholders’ general meeting due to delays in receiving the auditor's report.
The initial meeting scheduled for June 26, 2026, will now proceed without certain reports related to the fiscal year ending March 31, 2026. The company cited extended time requirements for internal control audits of its US subsidiaries as the reason for the delay. As such, the necessary audit procedures have not been completed, preventing the issuance of the auditor’s report. Consequently, the company plans to convene a subsequent meeting once the auditing process concludes to present the delayed reports.
Shareholders who attended the initial meeting will retain their voting rights for the continuous session. In addition, the company revised its final dividend payment plan for the fiscal year ended March 31, 2026. The dividend per share remains unchanged at \(¥1250\) yen, but the total amount payable will be adjusted to \(¥145 million\). The effective date for the dividend distribution will be postponed to July 27, 2026, due to administrative processing times associated with utilizing capital surplus reserves instead of retained earnings as the dividend fund.
Diamond Electric Holdings extends sincere apologies to its stakeholders for any inconvenience caused by these developments and commits to enhancing its accounting system and streamlining audit processes to prevent similar issues in the future.
🟡 Confidence: Standard AI-translated content.