Source disclosure: January 23, 2026
MORITO CO.,LTD. [9837.T]
TOKYO, Jan 23 (Pulse News Wire) -- Morito Co., Ltd. (9837.T), represented by President and CEO Takaki Ichibei, has announced plans to amend its articles of incorporation at an upcoming shareholders' meeting scheduled for February 26, 2026. The decision was made during a board meeting held on January 23, 2026.
The amendments aim to enhance the company's capital and dividend policies through greater flexibility. According to Article 459, Paragraph 1 of Japan’s Companies Act, the proposed changes will allow the Board of Directors to decide on surplus distribution without requiring shareholder approval, except where otherwise stipulated by law. Specifically, new Articles 39 and 40 will be introduced, while existing Articles 39 and 40 regarding final and interim dividends will be abolished.
Under the proposed amendment, Article 39 will state that the company can determine matters related to surplus distribution based on the provisions of Article 459, Paragraph 1 of the Companies Act, subject to any special legal requirements. Additionally, Article 40 will establish November 30 as the record date for year-end dividends and May 31 as the record date for mid-year dividends. Furthermore, it will permit setting other record dates for surplus distributions.
Morito Co., Ltd.'s management believes these modifications will streamline their ability to manage capital and dividends more effectively. The revised articles are expected to take effect immediately after they are approved at the annual general meeting on February 26, 2026.
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