Source disclosure: January 23, 2026
Japaniace Co., Ltd. [9558.T]
TOKYO, Jan 23 (Pulse News Wire) -- Japaniace Co., Ltd. (9558.T), represented by Chairman and President Saburo Nishikawa, announced today that its board of directors has decided to propose amendments to the company's articles of incorporation at the upcoming 26th annual shareholders' meeting scheduled for February 24, 2026. The proposed changes aim to transition the company from an audit committee setup to a supervisory committee setup, enhancing corporate governance further and promoting sustainable growth and long-term corporate value improvement.
The shift towards becoming a supervisory committee setup will see the establishment of new provisions related to the supervisory committee and the delegation of important business execution decisions, alongside the removal of existing regulations concerning the audit committee. This move is expected to strengthen oversight functions within the board of directors and improve transparency in management practices. Specifically, it involves setting up a supervisory committee composed predominantly of outside directors who will oversee the legality and appropriateness of business operations.
Japaniace plans to hold the extraordinary general meeting on February 24, 2026, where these changes will be formally adopted. The effective date of the revised articles of incorporation is also set for February 24, 2026.
In detail, the amended articles include several key modifications such as establishing a new clause allowing the appointment of regular supervisory committee members through resolutions made by the supervisory committee itself. Additionally, the number of directors will now be limited to eleven, excluding those serving as supervisory committee members whose term will not exceed two years. Furthermore, the selection process for executive officers will differentiate between directors serving as supervisory committee members and others, ensuring more structured decision-making processes within the corporation.
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