Nichiryoku Approves Key Resolutions at Annual Shareholders Meeting

TOKYO, Jul 10 (Pulse News Wire) – Nichiryoku CO.,LTD. (7578.T) announced that its 60th regular shareholders meeting held on June 29, 2026, approved several key resolutions.

The meeting endorsed the approval of the financial statements for the fiscal year ending March 31, 2026, and agreed to approve a business transfer agreement scheduled for implementation on August 1, 2026. Under this agreement, the company plans to transfer all operations except group management services to its subsidiary, Nichiryoku Life Care Co., Ltd. Additionally, the meeting elected two directors—Shojiro Shirota and Ishihara Tetsuya—and four non-audit committee directors—Shirota Shojiro, Watanabe Masashi, Miyake Tetsuo, and Ishihara Tetsuya.

Four audit committee members—Kotaro Konai, Akira Yanagida, Kazuhiro Noguchi, and Yoshihisa Sunada—were also appointed. Furthermore, the meeting approved amendments to the articles of incorporation contingent upon the completion of the business transfer. In another resolution, the meeting decided to present retirement allowances to outgoing directors and auditors, conditional on the effectiveness of the article amendment related to the business transfer.