NIPPON RIETEC CO.,LTD. [1938.T]
TOKYO, Jun 04 (Pulse News Wire) – Nippon Rietec CO.,LTD. (1938.T) announced plans to revise its articles of incorporation at its upcoming 17th regular shareholders' meeting scheduled for June 25, 2026.
The revisions aim to accommodate future business expansion and diversification, adding new business purposes such as battery installation, sales, operation, power supply-demand adjustment services, renewable energy-based power generation, electricity supply and sales, and power trading intermediary services. Additionally, the changes will allow for mid-year dividend payments based on a resolution by the board of directors, along with provisions for handling unpaid dividend assets and clarifying who holds rights to surplus distribution. The shareholder meeting to approve these changes is set for June 25, 2026, with the revised articles expected to take effect on the same day.
The company apologized for the delay in disclosing this decision, which was made during a board meeting held on May 12, due to insufficient verification at the time of the initial decision. The proposed amendments also introduce a new clause specifying the status of those entitled to receive surplus distributions, ensuring clarity around dividend rights and procedures. These measures reflect the company's commitment to enhancing shareholder returns and adapting to evolving business needs.
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