(Note) This document has been translated from the Japanese original for reference purposes only. If there is any discrepancy between the Japanese original and the translated document, the original Japanese document shall prevail.
Notice of Partial Amendments to the Articles of Incorporation
- TOKYO, Japan, May 16, 2023 -
Seiko Epson Corporation (TSE: 6724, "the Company") announces that, at a meeting of the Board of Directors held today, a resolution was passed to submit a proposal, "Partial Amendments to the Articles of Incorporation," to the 81st Ordinary General Meeting of Shareholders scheduled for June 27, 2023.
1. Reasons for the Amendments to the Articles of Incorporation
The Company established its Corporate Purpose in 2022, under which the Company seeks to contribute to environmental conservation and cultural development and to enrich lives and create a better world. To achieve its Corporate Purpose, the Company provides products and services that reduce environmental impacts and promotes the development of environmental technologies as part of our long-term vision "Epson 25 Renewed" and "Environmental Vision 2050" initiatives.
In response to the expansion and diversification of its business activities associated with these initiatives, the Company proposes to partially amend its Articles of Incorporation to better clarify its business activities in line with the current status of the Group's business.
2. Details of the Amendments to the Articles of Incorporation
The details of the amendments are as described in the attachment to this notice.
(1) General Meeting of Shareholders for amendments to the Articles of Incorporation
June 27, 2023 (to be confirmed)
(2) Effective dates of amendments to the Articles of Incorporation
June 27, 2023 (to be confirmed)
(Amended parts are underlined.)
|Current Articles of Incorporation||Proposed Amendments|
|Chapter 1: General Provisions||Chapter 1: General Provisions|
|Article 2 The purposes of the Company shall be to engage in the following businesses:||Article 2 The purposes of the Company shall be to engage in the following businesses:|
|(1) Manufacturing and sales of electronic machinery and equipment, telecommunication machinery and equipment and electronic application machinery equipment, etc., and parts and accessories thereof;|
|(2) manufacturing and sales of industrial machinery and equipment, office machinery and equipment, etc., and parts and accessories thereof;|
|(3) manufacturing and sales of timepieces and eyewear, etc., and parts and accessories thereof;||<Unchanged>|
|(4) manufacturing and sales of measuring machinery and equipment, optical machinery and equipment and medical machinery and equipment, etc.;|
|(5) manufacturing and sales of electronic parts;|
|(6) creating and sales of software for computers and peripheral equipment;|
|(7) repair and maintenance services related to products in each of the above items;|
|<Newly established>||(8) collecting, refurbishing and remanufacturing products stated in items (1) through (6) above and secondhand goods business under the Secondhand Goods Business Act;|
|(8) to (12)||(9) to (13)|
Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson's goal is to become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion.