TOKYO, May 21 (Pulse News Wire) – Sakurai Ltd. (7255.T) resolved at its board meeting held, to propose amendments to its articles of incorporation at its annual shareholders' meeting scheduled for June 26, 2026.
The changes aim to streamline governance structures ahead of the planned delisting of its shares effective October 1, 2026. Key amendments include transitioning from a company with a board of auditors to a company with individual auditors.
Specifically, Article 4 will remove the provision for a board of auditors, while maintaining provisions for individual auditors and accounting supervisors. Additionally, Article 29 will reduce the number of auditors from up to three to one.
The amended articles will take effect on October 1, 2026, contingent upon the completion of the share delisting process.
🟢 Confidence: High AI-translated content.