Source disclosure: February 26, 2026, 16:00 JST
Nippon Denko Co.,Ltd. [5563.T]
TOKYO, Feb 26 (Pulse News Wire) -- Nippon Denko Co., Ltd. (5563.T), a leading materials science company, announced today that its board of directors has resolved on the schedule and agenda items for its upcoming 126th Annual General Meeting of Shareholders (AGM). The AGM is scheduled to take place on March 27, 2026, starting at 10:00 AM JST at Room A+B+C on the second floor of Belsie Yaesu in the Yurakucho First Financial Building located at 3-7 Yurakucho 1-chome, Chuo Ward, Tokyo.
The meeting will address five key proposals, including dividend distribution, capital reduction, and the appointment of directors and auditors. Specifically, the first proposal involves distributing an additional commemorative dividend of one yen per share alongside the regular dividend of six yen per share, totaling seven yen per share. This special dividend marks the company's celebration of its centennial anniversary, which it reached in October 2025. The total amount allocated for this dividend payout stands at ¥873,519,871, effective as of March 30, 2026.
Additionally, the company plans to reduce its capital reserve by ¥12 billion under Article 448 of Japan’s Companies Act, aiming to enhance flexibility in future capital policies. The reduction will be fully transferred to other surplus reserves and become effective on May 18, 2026.
Regarding director appointments, the company seeks shareholder approval to appoint seven directors, including one new external director named Nakano Hokuto, who will join the current lineup comprising Aoike Yasushi, Kobayashi Jiro, Tsumoda Masakazu, Kishikawa Tutomu, Miyake Yasuhide, and Mori Kiyoshi. Furthermore, two auditor positions will be filled by Taniguchi Masahiro and Suemura Aoogi, both reappointed, while Oomi Kazutoshi will serve as a substitute auditor until the next annual general meeting.
These resolutions reflect Nippon Denko's commitment to maintaining robust governance structures and rewarding shareholders through strategic financial decisions.
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