Askul Corporation to transition to audit and supervisory committee

Askul Corporation (TSE:2678) announced its decision to transition from a Company with Board of Corporate Auditors to a Company with an Audit and Supervisory Committee. The resolution was approved at a Board of Directors meeting held on June 4, 2025, and is subject to approval at the 62nd Ordinary General Meeting of Shareholders, scheduled for August 2025. The company aims to fortify the supervisory functions of its Board and elevate overall corporate governance. The intended outcome is a clearer separation between execution and supervisory roles, leading to expedited decision-making and ultimately increasing corporate value. The change is scheduled for August 2025, pending shareholder approval for necessary amendments to the Articles of Incorporation. Further details regarding the amendments to the Articles of Incorporation and changes to the composition of officers will be announced at a later date.