News Release

Partial Amendments to the Articles of Incorporation

May 30, 2019
J Trust Co., Ltd.

						

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J Trust Co., Ltd. (hereinafter, the “Company”) resolved at the Board of Directors’ meeting held on May 30, 2019 to submit the “Partial Amendments to the Articles of Incorporation” as an agenda item of the 43rd Ordinary General Meeting of Shareholders scheduled for Wednesday, June 26, 2019.   1.Partial amendments to the Articles of Incorporation (1)Reasons for the partial amendments to the Articles of Incorporation As announced in “Change in the Accounting Period (Closing Date of Fiscal Year)” dated May 13, 2019, the Company plans to change the accounting period. To accommodate the change, the record date of the Ordinary General Meeting of Shareholders and year-end dividend is to be changed to December 31 of each year respectively, while that of interim dividend is to be changed to June 30 of each year. Meanwhile, relating to the change in the accounting period, the Company shall establish Supplementary Provisions (proposed amendments to Article 12, 39, 41 and Supplementary Provisions) as a transitional measure. (2)Details of the proposed amendments to the Articles of Incorporation Details of the amendments are as shown below. The unamended Articles are omitted.

(Amendments are underlined)

Current Proposed amendments

CHAPTER II SHARES

(Record Date) Article 12. The Company shall deem the shareholders whose voting rights have been entered or recorded in the final shareholder registry on the March 31 of each year as the shareholders who are entitled to exercise their rights at the Ordinary General Meeting of Shareholders for the relevant business year.

CHAPTER II SHARES

(Record Date) Article 12. The Company shall deem the shareholders whose voting rights have been entered or recorded in the final shareholder registry on the December 31 of each year as the shareholders who are entitled to exercise their rights at the Ordinary General Meeting of Shareholders for the relevant business year.
 
Current Proposed amendments

CHAPTER VII ACCOUNTING

(Business Year) Article 39. The business year of the Company shall be the one-year period from April 1 of each year through March 31 of the following year.  

CHAPTER VII ACCOUNTING

(Business Year) Article 39. The business year of the Company shall be the one-year period from January 1 through December 31 of each year.  
(Record Date for Dividends from Surplus) Article 41. 1.The record date for the year-end dividend of the Company shall be March 31 of each year. 2.The record date for the interim dividend of the Company shall be September 30 of each year. 3.In addition to the record dates set out in the two preceding paragraphs, the Company may determine record dates for dividends from surplus. (Record Date for Dividends from Surplus) Article 41. 1.The record date for the year-end dividend of the Company shall be December 31 of each year. 2.The record date for the interim dividend of the Company shall be June 30 of each year. 3.In addition to the record dates set out in the two preceding paragraphs, the Company may determine record dates for dividends from surplus.

Supplementary Provisions

(Newly established) (Transitional Measures for Change in Business Year) Article 1. Notwithstanding the provisions of Article 39 (Business Year), the 44th business year of the Company shall be the nine-month period from April 1, 2019 through December 31, 2019.
(Newly established) (Transitional Measures on Record Date for Change in Business Year) Article 2. Notwithstanding the provisions of Article 41 (Record Date for Dividends from Surplus), the record date for the interim dividend for the 44th business year of the Company shall be September 30.
(Newly established) (Validity of Supplementary Provisions) Article 3. Supplementary Provisions (Article 1 through Article 3) shall be deleted after the end of the 44th business year of the Company.
(3)Schedule Date of the 43rd Ordinary General Meeting of Shareholders to approve the amendments to the Articles of Incorporation: June 26, 2019 (planned) Effective date of the amendments to the Articles of Incorporation: June 26, 2019 (planned)

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Contact for inquiries

J Trust Co., Ltd. PR & IR Division
+81(3) 4330-9100 (Weekdays 9:00-18:00 JST)