Saint Marc Holdings shareholders approved a board rule change that cuts director terms to one year from two, alongside a ¥26 year-end dividend per share, at the company's June 25 annual meeting. The dividend took effect on June 26.
| Proposal | Disclosed terms |
|---|---|
| Year-end dividend | ¥26 per common share, effective June 26, 2026 |
| Articles change | Director term shortened from 2 years to 1 year; purpose clause revised for clarification and simplification |
| Director election | 10 directors elected |
| Audit board election | 3 audit and supervisory board members elected |
The most concrete structural change sits in Proposal 2. The articles of incorporation were amended so directors serve one-year terms instead of two. In practical terms, that moves director approval onto a one-year cycle. The same proposal also says the company's purpose clause in its articles was revised as needed to clarify and simplify the wording.
The rest of the agenda confirms the meeting's main outcomes. Proposal 3 elected 10 directors, and Proposal 4 elected three audit and supervisory board members. Proposal 1 approved the cash return, a ¥26 year-end dividend on each common share. For outside readers, the combination is simple: a shorter board mandate and a declared payout.
The packet excerpt leaves two limits on what can be said. It does not reproduce the revised wording of the purpose clause, only the statement that the changes were for clarification and simplification. And while the source text shows the filing includes a table of votes for, against and abstentions, plus the requirements for passage and the result of each proposal, the excerpt cuts off before those figures appear. So the packet confirms the outcomes, but not the visible vote counts behind them.
That leaves a narrow set of confirmed public facts. Saint Marc has moved its director mandate from a two-year cycle to a one-year one and approved a ¥26 per share year-end dividend. The same meeting also approved the 10-director slate and three audit and supervisory board members. For readers tracking Japanese corporate governance mechanics, those are the clearest disclosed changes in the excerpt.