TOKYO, Mar 26 (Pulse News Wire) – Shinto Holdings,inc. (2776.T) announced today that its board of directors has decided to propose amendments to the company's articles of incorporation at its 42nd regular shareholders' meeting scheduled for March 26, 2026.
The proposed changes aim to update the company’s purpose to include new business areas such as AI-related operations, battery manufacturing, data center services, and semiconductor activities. Additionally, the total number of shares the company can issue will be increased to 200 million shares from the previous amount indicated as 100,000,000. Furthermore, the company plans to introduce provisions for indemnifying directors and auditors against liability for negligence within legal limits, as well as establishing agreements limiting their liability for damages caused by negligence.
These measures are intended to facilitate the recruitment of high-quality talent without fear of excessive risk aversion. The amendments also seek to ensure that directors and auditors are not burdened with overly stringent responsibilities that could stifle management decisions. The effectiveness of these amendments is expected to take effect on April 24, 2026, contingent upon shareholder approval during the upcoming meeting.
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