Maezawa Industries,Inc. [6489.T]
TOKYO, Apr 10 (Pulse News Wire) – Maezawa Industries,inc. (6489.T) resolved today to amend its articles of incorporation effective June 1, 2026, following approval at a special shareholders' meeting scheduled for the same day.
The amendments aim to streamline regulations for non-public companies post-delisting, removing provisions related to share repurchases, unit share systems, and electronic delivery measures while adding restrictions on share transfers. Additionally, the amendment changes the fiscal year-end and dividend distribution dates. The delisting decision stems from the previously disclosed joint stock transfer agreement between Maezawa Industries and Maeda Seikei Industry Co., Ltd., which was announced on December 16, 2025.
Under this plan, Maezawa Industries will cease trading on May 28, 2026, following shareholder approval on March 31, 2026. Key changes include shifting the fiscal year end from May 31 to March 31, adjusting final dividend payment deadlines from May 31 to March 31, and modifying interim dividend determination dates from November 30 to September 30. Furthermore, the company will introduce a requirement for board approval for share transfers, except when shares are transferred among existing shareholders.
The amended articles will take effect immediately upon resolution at the extraordinary general meeting on June 1, 2026, contingent on obtaining consent from the sole shareholder, Maezawa Holding Kabushiki Kaisha, post-transfer completion.
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