TOKYO, May 26 (Pulse News Wire) – Heiwa Corporation (6412.T) resolved today to propose amendments to its articles of incorporation at its scheduled annual shareholders' meeting on June 26, 2026. These changes aim to allow the issuance of a new class of preferred shares (referred to as "Class A Preferred Shares") without diluting existing common shareholders’ voting rights.
Under the proposed amendment, the total number of shares Heiwa can issue would increase from 228,903,400 to 228,903,400. Additionally, the company plans to introduce provisions for Class A Preferred Shares, which will not carry voting rights or conversion privileges into common stock.
The amendment also includes clauses for preferential dividend payments and residual asset distribution for holders of these new shares. The amendments will take effect on June 26, 2026, alongside other previously announced changes related to restructuring into a holding company system.
Heiwa's board decided to present these modifications separately from earlier proposals concerning the company’s name and purpose changes.
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