TOKYO, Jun 23 (Pulse News Wire) – logly,Inc. (6579.T) announced today that its 20th regular shareholders meeting scheduled for June 24, 2026, will be postponed due to accounting adjustments related to a subsidiary's dividend cancellation.
The company received a dividend of ¥110 million from its subsidiary moto, Inc. in March 2026 but discovered the need to cancel part of the payment and reduce the book value of its shares held in moto, Inc. Consequently, revisions to the operating profit and consolidated financial statements are necessary, delaying the reporting process and subsequent audit procedures. The revised plan includes holding a continuation meeting to address these issues.
The continuation meeting will cover the same agenda items originally planned for the annual meeting, including the 20th fiscal year (April 1, 2025, to March 31, 2026) operating and consolidated financial reports, along with auditor reviews. The company expects to finalize the continuation meeting’s schedule promptly after obtaining shareholder approval during the initial meeting on June 24, 2026. Additionally, logly,Inc. plans to file corrected consolidated financial statements and financial documents by June 30, 2026, following the completion of necessary audits.
The company stated it would promptly disclose any further developments requiring public notice.
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