TOKYO, May 11 (Pulse News Wire) – ORIX CORPORATION (8591.T) resolved to propose two amendments to its articles of incorporation at its upcoming 63rd annual shareholders meeting scheduled for June 23, 2026. The first proposal involves updating the company's purpose statement in Article 2 of its articles of incorporation to reflect current operations and clarify business activities.
Specifically, this includes modifying Article 2, adding a new Article 13, and removing Article 21, among other changes. Additionally, the company plans to add a provision allowing for shareholder meetings without a fixed location, enabling shareholders to attend via internet-based methods. The second proposal stems from recent legal reforms permitting listed companies to hold virtual shareholder meetings under certain conditions. ORIX believes this flexibility benefits shareholders, especially considering potential disruptions such as pandemics or natural disasters.
The proposed amendment adds a new clause to Article 11, which would allow for online shareholder meetings. Both proposals aim to enhance operational clarity and adaptability while ensuring shareholder interests and rights are protected. The effective date for these changes is set for June 23, 2026. For further inquiries, investors and media representatives should.
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