Source disclosure: February 19, 2026
TODA KOGYO CORP. [410A.T]
TOKYO, Feb 19 (Pulse News Wire) -- GMO Commerce Corp., listed on the Tokyo Stock Exchange's Growth Market under code number 410A, has announced plans to amend its articles of incorporation during its upcoming annual shareholders' meeting scheduled for March 16, 2026. The decision was made at a board meeting held on February 19, 2026.
The company aims to enhance its capital policy flexibility in response to future changes in business environments while maintaining an appropriate capital structure that considers the impact on shareholder value. As part of this initiative, the proposed amendment will revise the maximum number of shares the company can issue. Currently, the limit stands at 14,385,600 shares; however, the new proposal would reduce it to 7,178,443 shares. This change is intended to better align with the company’s strategic objectives moving forward.
Additionally, GMO Commerce seeks to facilitate easier attendance for remote shareholders and improve overall efficiency and smoothness of shareholder meetings by adopting fully virtual meetings. Under the current provisions, physical venues are required for such gatherings. However, the amended Article 13 allows for "virtual-only" shareholder meetings where directors and shareholders participate via internet-based platforms without needing a physical location. This adjustment is designed to mitigate risks associated withinfectious diseases and natural disasters.
These amendments have been reviewed and confirmed by both the Minister of Economy, Trade and Industry and the Minister of Justice as per relevant regulations set forth by these ministries. The revised articles of incorporation will take effect immediately upon approval at the shareholders' meeting on March 16, 2026.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing