-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A+rEV0SLjQe6LMNYPD7CrzvfIfySvi07oRk1nkfcKMLq5lLPTFd84+o9W7pEHDkG 64M40vHP1vyZ0/KDSH+Y0g== 0000317891-06-000012.txt : 20060628 0000317891-06-000012.hdr.sgml : 20060628 20060628064926 ACCESSION NUMBER: 0000317891-06-000012 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060628 FILED AS OF DATE: 20060628 DATE AS OF CHANGE: 20060628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RICOH CO LTD CENTRAL INDEX KEY: 0000317891 STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861] IRS NUMBER: 000000000 STATE OF INCORPORATION: M0 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 002-68279 FILM NUMBER: 06928367 BUSINESS ADDRESS: STREET 1: 13-1, GINZA 8-CHOME STREET 2: CHUO-KU CITY: TOKYO 104-8222 JAPAN STATE: M0 ZIP: 00000 BUSINESS PHONE: 81-3-6278-5241 MAIL ADDRESS: STREET 1: 13-1, GINZA 8-CHOME STREET 2: CHUO-KU CITY: TOKYO 104-8222 JAPAN STATE: M0 ZIP: 00000 6-K 1 r6k060628.txt NOTICE OF RESOLUTION AT THE 106TH ORDINARY GENERAL MEETING OF SHAREHOLDERS FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of June 2006 Commission File Number 2 - 68279 RICOH COMPANY, LTD. ----------------------------------------------- (Translation of Registrant's name into English) 13-1, Ginza 8-Chome, Chuo-ku, Tokyo 104-8222, Japan ------------------------------------------------------------- (Address of Principal Executive Offices) (Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.) Form 20-F X Form 40-F __ (Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __ ) (Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __ ) (Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.) Yes __ No X (If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-__ ) - -------------------------------------------------------------------------------- SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ricoh Company, Ltd. ------------------------------ (Registrant) By: /S/ Etsuo Kobayashi ------------------------------ Etsuo Kobayashi Corporate Senior Vice President General Manager of Personnel Division June 28, 2006 - -------------------------------------------------------------------------------- (Translation) (Securities Code: 7752) June 28, 2006 NOTICE OF RESOLUTION AT THE 106TH ORDINARY GENERAL MEETING OF SHAREHOLDERS Dear Shareholder, Ricoh Company, Ltd. hereby informs you of the reports submitted and resolutions reached at its 106th ordinary general meeting of shareholders. Yours faithfully, Masamitsu Sakurai, Chairman Of The Board And REPRESENTATIVE DIRECTOR, PRESIDENT AND CHIEF EXECUTIVE OFFICER Ricoh Company, Ltd. 1-3-6 Nakamagome, Ohta-ku, Tokyo REPORTED ITEMS 1. The Business Report, Consolidated Balance Sheets and Consolidated Statements of Income as well as the results of auditing consolidated financial statements by accounting auditors and the Board of Corporate Auditors for the fiscal year ended March 31, 2006 (from April 1, 2005 to March 31, 2006) 2. The Non-Consolidated Balance Sheets and Non-Consolidated Statements of Income for the fiscal year ended March 31, 2006, and the acquisition of treasury shares by resolution of the Board of Directors in accordance with the authorization provided in the Company's Articles of Incorporation. RESOLVED ITEMS Agenda 1: Approval of the proposed appropriation of retained earnings for the fiscal year - Approved as proposed. (Dividend is Yen 12 per share.) Agenda 2: Partial amendment to the Articles of Incorporation - Approved as proposed. (For details of the amendment, please refer to pages 3 to 11.) - 1 - Agenda 3: Election of eleven (11) directors - Approved as proposed, with the reappointment of Masamitsu Sakurai, Koichi Endo, Masayuki Matsumoto, Katsumi Yoshida, Takashi Nakamura, Shiro Kondoh, Kazunori Azuma, Zenji Miura and Takaaki Wakasugi as well as the new appointment of Kiyoshi Sakai and Takuya Goto. Takaaki Wakasugi and Takuya Goto are outside directors. Agenda 4: Election of one (1) corporate auditor - Approved as proposed, with the new appointment of Shigekazu Iijima. Agenda 5: Election of one (1) substitute corporate auditor - Approved as proposed, with the new appointment of Satoshi Itoh. Agenda 6: Granting of retirement allowances to retiring directors and a corporate auditor - Approved as proposed, with the resolution to disburse retirement allowances in appropriate amounts within the set limits according to the standards prescribed by the Company, to the retired directors Tatsuo Hirakawa and Nobuo Mii, as well as retired corporate auditor Hisaaki Koga, in recognition of their services. The details such as amount, timing and manner of payment are to be decided by the Board of Directors regarding the directors and to the consultation of corporate auditors regarding the corporate auditor. PAYMENT OF DIVIDENDS It was resolved at the meeting to pay a dividend of Yen 12 per share (Yen 24 for the full fiscal year). Please review the enclosed postal remittance notification form to receive the dividend payment. If you specify a bank transfer, we will send you a dividend account statement and a remittance form. - 2 - Details of Amendment to the Articles of Incorporation: The details of amendments are as follows: (Underlined portions indicate the changes.)
================================== ============================= Previous Articles of Incorporation New Articles of Incorporation ================================== ============================= CHAPTER I. GENERAL PROVISIONS CHAPTER I. GENERAL PROVISIONS (Trade Name) (Trade Name) Article 1. The name of the Company Article 1. The name of the Company is Kabushiki Kaisha Ricoh and is is Kabushiki Kaisha Ricoh and is written RICOH COMPANY, LTD. in English. expressed RICOH COMPANY, LTD. in - ------- --------- English. (Location of Head Office) (Unchanged) - ------------------------- Article 2. The head office of the Company is to be located in Ohta-ku, Tokyo. (Objectives) (Unchanged) - ------------ Article 3. The objectives of the Company are to engage in the following businesses: 1. - 9. (Omitted) (Newly established) (Organizations) --------------- Article 4. In addition to the ----------------------------- general meeting of shareholders and ----------------------------------- directors, the Company shall establish -------------------------------------- the following organizations: ---------------------------- i) Board of Directors; ------------------- ii) Corporate Auditors; ------------------- iii)Board of Corporate Auditors; ---------------------------- and --- iv) Accounting Auditors. -------------------- (Public Notices) (Method of Public Notices) ---------- Article 4. Public notices of the Article 5. Public notices of the - - Company shall appear in the Nihon Company shall appear in the Nihon Keizai Shimbun published in Keizai Shimbun. ------------ Tokyo. - ----- CHAPTER II. SHARES CHAPTER II. SHARES (Total Number of (Total Number of Issuable shares) Shares to be Issued and Types of Share ------------------ - ---------------------------------------- Certificates) - ------------- Article 5. The total number of Article 6. The total number of - - shares to be issued by the Company is issuable shares by the Company is one - ------------------- --------------- one billion and five hundred million billion and five hundred million (1,500,000,000) shares. (1,500,000,000) shares. If any shares are cancelled, (Deleted) - ---------------------------- the number of shares so cancelled - ------------------------------ shall be deducted from the total - -------------------------------- number of shares to be issued. - ------------------------------ 2. The types of share certificates (Deleted) ---------------------------------- to be issued by the Company shall - --------------------------------- be subject to the Share Handling - -------------------------------- Regulations established by the Board - ------------------------------------ of Directors. - ------------- (Newly established) (Issuance of Share Certificates) ------------------------------- Article 7. The Company shall issue ---------------------------------- share certificates for the shares. ----------------------------------
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=================================== ================================ Previous Articles of Incorporation New Articles of Incorporation =================================== ================================ (Purchase of Treasury Stocks) (Purchase of Treasury Stocks) Article 6. The Company may Article 8. The Company may acquire - - ------- purchase the shares of its own stocks the shares of its own stocks by a - -------- resolution of the Board of Directors by a resolution of the Board of pursuant to Paragraph 2, Article 165 Directors pursuant to Paragraph 1, ------------------------ ------------ of the Corporation Law. Item 2 of Article 211-3 of the ----------------------- - ------------------------------ Commercial Code. - ---------------- (Number of Shares Constituting One (Number of Shares Constituting One Unit and Non-Issuance of Certificates Unit and Non-Issuance of Certificates for Less-Than-One-Unit Shares) for Less-Than-One-Unit Shares) Article 7. The number of shares Article 9. - - constituting one unit of shares of the 1. The number of shares Company shall be one thousand -- (1,000) shares. constituting one unit of shares of the Company shall be one thousand (1,000) shares. (Small change in Japanese) 2. The Company shall not issue any 2. Notwithstanding the provisions of certificates for shares constituting --------------------------------- ------------------- Article 7, the Company shall not issue less than one unit of shares ---------- - ---------------------------- any certificates for (hereinafter referred to as less-than-one-unit shares, unless - --------------------------- -------------------------- "less-than-one-unit shares"), otherwise provided for in the Share - ----------------------------- Handling Regulations. unless otherwise provided for in the Share Handling Regulations. (Newly established) (Rights Concerning Less-Than-One-Unit ------------------------------------- Shares) ------- Article 10. A shareholder ------------------------- (including the beneficial shareholder; -------------------------------------- the same applies hereinafter) of the ------------------------------------ Company shall not exercise any rights ------------------------------------- other than those described below with ------------------------------------- respect to the less-than-one-unit --------------------------------- shares held by it. ------------------ i)Right described in each Item ------------------------------ of Paragraph 2, Article 189 of ------------------------------ the Corporation Law. -------------------- ii)Right to make a request under -------------------------------- the provision of Paragraph 1, ----------------------------- Article 166 of the ------------------ Corporation Law. ---------------- iii)Right to receive allocation of ---------------------------------- offered shares and allocation ----------------------------- of offered stock purchase ------------------------- warrants in accordance with --------------------------- the number of shares held by ---------------------------- the shareholder. ---------------- iv)Right to make a request -------------------------- provided for in the following ----------------------------- Article. -------- (Sale of Shares Constituting (Sale of Shares Constituting Less-Than-One-Unit Shares to Less-Than-One-Unit Shares to Constitute One Unit) Constitute One Unit) Article 8. A shareholder (including Article 11. A shareholder of the - ---------- -- the beneficial shareholder; the same Company may request that the - ------------------------------------ Company sell such number of shares applies hereinafter) who holds as may, together with the number of - ------------------------------ --- less-than-one-unit shares of the less-than-one-unit shares held by - ------------------------- ------- Company, may request that the Company the shareholder, constitute one unit sell such number of shares as may, --------------- ---- of shares, in accordance with the together with such number Share Handling Regulations. ---- of less-than-one-unit shares, constitute one unit of shares, in accordance with the Share Handling Regulations.
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================================== ============================= Previous Articles of Incorporation New Articles of Incorporation ================================== ============================= (Transfer Agent) (Administrator of Register of - ---------------- ----------------------------- Shareholders) ------------- Article 9. The Company shall have a Article 12. - - -- transfer agent for its shares. 1. The Company shall have an - ------------------------------ -- -- administrator of the register of -------------------------------- shareholders. ------------- 2. The transfer agent and its 2. The administrator of the ------------------ ------------------------ business office shall be determined by register of shareholders and its - -------- ------------------------ resolution of the Board of Directors handling office shall be determined by and public notice shall be given --------- thereof. resolution of the Board of Directors and public notice shall be given thereof. 3. The register of shareholders 3. The register of shareholders (including the register of beneficial (including the register of beneficial shareholders; the same applies shareholders; the same applies hereinafter) and the register of the hereinafter), the register of stock lost share certificates of the Company --------------------- shall be kept at the business office purchase warrants and the register of --------------------------- ----------------- of the transfer agent. All business the lost share certificates of the - ----------------------------------- Company shall be prepared and kept, pertaining to the shares of the ------------------ - ------------------------------- and all other business pertaining to Company, such as the registration of a ------------------------------------ - -------------------------------------- the register of shareholders, the transfer of shares and the purchase --------------------------------- - ----------------------------------- register of stock purchase warrants and sale of less-than-one-unit shares, ----------------------------------- - -------------------------------------- and the register of the lost share shall be handled by the transfer agent ---------------------------------- - -------------------------------------- certificates shall be handled by the and not by the Company. ------------------------------------ administrator of the register of -------------------------------- shareholders and not by the Company. ------------ (Share Handling Regulations) (Share Handling Regulations) Article 10. The registration of a Article 13. The business and the -- --------------------- -- -------------------- transfer of shares, the registration service charges pertaining to the - ------------------------------------ --------------- of the lost share certificates, the shares of the Company shall be subject - ----------------------------------- to laws, ordinances or these Articles purchase and sale of ---------------------------------- - -------------------- of Incorporation and the Share less-than-one-unit shares by the -------------------- - -------------------------------- Handling Regulations established by Company, and other business pertaining the Board of Directors. - --------------------------- to the shares of the Company shall be subject to the Share Handling Regulations established by the Board of Directors. (Record Date) (Deleted) - ------------- Article 11. The Company shall deem ---------------------------------- the shareholders (including the - ------------------------------- beneficial shareholders; the same - --------------------------------- applies hereinafter) appearing or - --------------------------------- recorded in the final register of - --------------------------------- shareholders as of the accounts - ------------------------------- closing date for each business year to - -------------------------------------- be the shareholders entitled to - ------------------------------- exercise the shareholders' rights at - ------------------------------------ the ordinary general meeting of - ------------------------------- shareholders concerning such business - ------------------------------------- year. - ----- 2. In addition to the preceding ------------------------------- paragraph, whenever necessary, upon - ----------------------------------- giving prior public notice in - ----------------------------- accordance with the resolution of the - ------------------------------------- Board of Directors, the Company may - ----------------------------------- deem the shareholders or registered - ----------------------------------- pledgees appearing or recorded in the - ------------------------------------- register of shareholders as of a - -------------------------------- certain fixed date to be the - ---------------------------- shareholders or registered pledgees - ----------------------------------- entitled to exercise their rights. - ---------------------------------- CHAPTER III. GENERAL MEETING OF CHAPTER III. GENERAL MEETING OF SHAREHOLDERS SHAREHOLDERS (Calling of Meeting) (Calling of Meeting) Article 12. The ordinary general Article 14. -- -- meeting of shareholders shall be (Unchanged) called in June each year and an extraordinary general meeting of shareholders shall be called as the necessity arises. 2. A general meeting of (Deleted) ----------------------- shareholders shall be called by a - --------------------------------- Representative Director previously - ---------------------------------- appointed by the resolution of the - ---------------------------------- Board of Directors. - ------------------- 3. In the event that the (Deleted) ------------------------ Representative Director as appointed - ------------------------------------ above is unable to act, one of the - ---------------------------------- other directors shall call such - ------------------------------- meeting in the order determined in - ---------------------------------- advance by resolution of the Board of - ------------------------------------- Directors. - ----------
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================================== ============================= Previous Articles of Incorporation New Articles of Incorporation ================================== ============================= (Newly established) (Record Date of General Meeting of ---------------------------------- Shareholders) ------------- Article 15. The record date of ------------------------------ voting rights for the Company's ------------------------------- general meeting of shareholders shall ------------------------------------- be March 31 every year. ----------------------- (Exercise of Voting Rights by Proxy) (Exercise of Voting Rights by Proxy) Article 13. A shareholder may Article 16. -- -- exercise his voting rights by proxy 1. A shareholder may exercise his who shall be another shareholder of -- the Company entitled to vote. voting rights by proxy who shall be ----------------- another shareholder of the Company that has voting rights. ----------------------- 2. Such shareholder or proxy shall 2. Such shareholder or proxy shall submit a power of attorney to the submit a document certifying the power Company. ----------------------- of attorney to the Company for each -------- general meeting of shareholders. -------------------------------- (Chairman) (Person with the Right to Call the ---------------------------------- Meeting and Chairman) ----------- Article 14. A Representative Article 17. ---------------------------- ----------- Director previously appointed by 1. A meeting of the shareholders - -------------------------------- -------------------------------- resolution of the Board of Directors shall be called and presided over by a - ------------------------------------ -------------------------------------- shall preside over a general meeting Representative Director previously - ------------------------------------ ---------------------------------- of shareholders. In the event that the appointed by the Board of Directors. - -------------------------------------- ------------------------------------ Representative Director is unable to 2. In case the Representative - ------------------------------------ ----------------------------- act, one of the other directors shall Director is unable to act, one of the - ------------------------------------- ------------------------------------- act in his place in the order other directors shall call and preside - ----------------------------- -------------------------------------- determined in advance by resolution of over the meeting of the shareholders - -------------------------------------- ------------------------------------ the Board of Directors. in accordance with the order - ----------------------- ---------------------------- determined in advance by resolution of -------------------------------------- the Board of Directors. ----------------------- (Newly established) (Disclosure and Deemed Provision of ----------------------------------- Reference Materials for General ------------------------------- Meeting of Shareholders via the ------------------------------- Internet) --------- Article 18. In calling the general ---------------------------------- meeting of shareholders, the Company ------------------------------------ may deem that the information ----------------------------- regarding the matters which should be ------------------------------------- described or shown in the reference ----------------------------------- materials for the general meeting of ------------------------------------ shareholders, business reports, ------------------------------- financial documents and consolidated ------------------------------------ financial documents have been provided -------------------------------------- to the shareholders by disclosing them -------------------------------------- via the Internet in accordance with ----------------------------------- the Ministerial Ordinance of the -------------------------------- Ministry of Justice. -------------------- (Method of Adopting Resolutions) (Method of Adopting Resolutions) Article 15. Except as otherwise Article 19. -- -- provided for in laws, ordinances or 1. Except as otherwise provided for these Articles of Incorporation, -- resolutions at a general meeting of in laws, ordinances or these Articles shareholders shall be adopted by a of Incorporation, resolutions at a majority of the votes of the general meeting of shareholders shall shareholders present thereat. be adopted by a majority of the votes of the shareholders present thereat who are entitled to vote. ------------------------- 2. Resolutions provided for in Paragraph 2, Article 309 of the ------------------------------- Corporation Law shall be adopted 2. Special resolutions provided for --------------- ------- by the vote of the shareholders in Article 343 of the Commercial Code not less than two-thirds (2/3) of ---------------------------------- ------------- shall be adopted by the vote of the those present at the meeting shareholders not less than two-thirds whereby not less than one-third (1/3) (2/3) of those present at the meeting of voting rights of the shareholders whereby one-third (1/3) of voting entitled to exercise voting rights rights of all the shareholders shall ---------------------------------- constitute a quorum. shall constitute a quorum. (Minutes) (Minutes) Article 16. The proceedings in Article 20. The proceedings in -- -- outline and the resultant actions outline, the resultant actions taken taken at a general meeting of and other matters subject to laws and shareholders shall be entered in the ------------------------------------- minutes, which shall bear the names ordinances at a general meeting of and seals of the chairman of the ---------- meeting and the directors present and shareholders shall be entered in the shall be kept by the Company. minutes, which shall bear the names and seals of the chairman of the meeting and the directors present and shall be kept by the Company.
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================================== ============================= Previous Articles of Incorporation New Articles of Incorporation ================================== ============================= CHAPTER IV. DIRECTORS AND BOARD OF CHAPTER IV. DIRECTORS AND BOARD OF DIRECTORS DIRECTORS (Number) (Number) Article 17. The Company shall have not Article 21. The Company shall have -- -- more than fifteen (15) directors. not more than fifteen (15) directors. (Small change in Japanese) (Election) (Election) Article 18. Directors shall be Article 22. -- -- elected at a general meeting of 1. (Unchanged) shareholders. -- 2. Resolutions for the election 2. Resolutions for the election of under the preceding paragraph shall be -- - ----------------------------- directors shall be adopted by a adopted by a majority of the votes of --------- the shareholders present who hold not majority of the votes of the less than one-third (1/3) of the shareholders present who hold not less voting rights of all the shareholders. than one-third (1/3) of the voting --- rights of the shareholders entitled to ----------- exercise voting rights. ----------------------- 3. Cumulative voting shall not be 3. (Unchanged) used for the adoption of resolutions for the election of directors. (Term of Office) (Term of Office) Article 19. The term of office of Article 23. -- -- directors shall be until the close of 1. The term of office of directors the ordinary general meeting of -- shareholders relating to the last shall be until the close of the accounts closing date occurring within ordinary general meeting of - ------------------------------- shareholders relating to the last two (2) years after their assumption fiscal year ending within two (2) ---------- ------------------ of office; provided, however, that the years after their election. - -------------------------------------- --------- term of office of a director elected 2. The term of office of a director - ------------------------------------ ----------------------------------- to fill a vacancy or by reason of an elected to fill a vacancy of a - ------------------------------------ ------------------------------ increase in the number of directors director who has resigned before the - ----------------------------------- ------------------------------------ shall be for the remaining balance of completion of his/her term, or elected - ------------------------------------- -------------------------------------- the term of office of the other to increase the number of directors, - ------------------------------- ------------------------------------ directors currently in office. shall be for the remaining balance of - ------------------------------ ------------------------------------- the term of office of the other ------------------------------- directors currently in office. ------------------------------ (Filling of Vacancy) (Deleted) - ------------------ Article 20. In the event of any ------------------------------- vacancy occurring in the office of - ---------------------------------- directors, no election to fill such - ----------------------------------- vacancy may be held, if the number of - ------------------------------------- the remaining directors is not short - ------------------------------------ of the statutory number. - ------------------------ (Representative Directors) (Representative Directors) Article 21. One (1) or more Article 24. Representative -- --------------- -- representative directors shall be Directors shall be elected by appointed by resolution of the Board ------- - --------- resolution of the Board of Directors. of Directors. (Calling of Meetings of Board of (Person with the Right to Call the - -------------------------------- ---------------------------------- Directors; Chairman; Resolutions) Meeting of Board of Directors and - --------------------------------- --------------------------------- Chairman) --------- Article 22. The Board of Directors Article 25. -- ---------------------- -- shall decide important matters (Deleted) - ------------------------------ 1. A meeting of the Board of concerning the execution of business ---------------------------- - ------------------------------------ Directors shall be called and presided and affairs of the Company as well as -------------------------------------- - ------------------------------------- over by a Director previously such matters as are provided for in ----------------------------- - ----------------------------------- appointed by the Board of Directors. laws and ordinances. ------------------------------------ - --------------------- 2. In case the Director is unable to act, one of the other directors 2. A meeting of the Board of shall call and preside over the ------------------------- ------------------------- Directors shall be called and presided meeting of the Board of Directors in - -------------------------------------- ------------------------------------ over by a Director previously accordance with the order determined - ----------------------------- --------------- appointed by the Board of Directors. in advance by resolution of the Board - ------------------------------------ of Directors. In case the Director is unable to act, one of the other directors shall act in his place in the order - ------------------- determined in advance by resolution of the Board of Directors.
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=================================== ============================== Previous Articles of Incorporation New Articles of Incorporation =================================== ============================== 3. Notice of a meeting of the Board (Deleted) -------------------------------- of Directors shall be dispatched to - ----------------------------------- each director and each corporate - -------------------------------- auditor three (3) days before the date - -------------------------------------- of the meeting; provided, however, - ---------------------------------- that such meeting may be held without - ------------------------------------- going through the procedure for - ------------------------------- calling if so agreed by all the - ------------------------------- directors and the corporate auditors. - ------------------------------------- 4. Resolutions at a meeting of the (Deleted) ---------------------------------- Board of Directors shall be adopted by - -------------------------------------- a majority of the directors present - ----------------------------------- who shall constitute a majority of the - -------------------------------------- total number of directors. - -------------------------- (Newly established) (Calling Meetings of Board of ----------------------------- Directors) ---------- Article 26. ----------- 1. Notice of a meeting of the Board ------------------------------------ of Directors shall be dispatched to ----------------------------------- each director and each corporate -------------------------------- auditor three (3) days before the --------------------------------- date of the meeting; provided, ------------------------------ however, that such period may be -------------------------------- shortened in case of emergency. ------------------------------- 2. A meeting of the Board of ---------------------------- Directors may be held without going ------------------------------------- through the procedure for calling, if -------------------------------------- so agreed by all the directors and the -------------------------------------- corporate auditors. ------------------- (Newly established) (Resolutions of Meetings of Board of ------------------------------------ Directors) ---------- Article 27. ---------- 1. The Board of Directors shall ------------------------------- decide important matters concerning ----------------------------------- the execution of business and affairs ------------------------------------- of the Company as well as such matters -------------------------------------- as are provided for in laws and ------------------------------- ordinances. ---------- 2. Resolutions of the Board of ------------------------------ Directors shall be adopted by the --------------------------------- affirmative vote of a majority of --------------------------------- the directors present at the meeting, ------------------------------------- whereby a majority of all ------------------------- directors shall constitute a quorum. ------------------------------------ (Newly established) (Omission of Resolution of Board of ----------------------------------- Directors) ---------- Article 28. The Company shall deem ---------------------------------- that the resolution of the Board of ----------------------------------- Directors has been adopted if the --------------------------------- requirements under Article 370 of --------------------------------- the Corporation Law are satisfied. ---------------------------------- (Remuneration) (Remuneration and other interests) -------------------- Article 23. Remuneration of Article 29. Remuneration and -- -- --- --- directors shall be determined by bonus of directors and other property - --------- ------------------------------------- resolution at a general meeting of interests received by the directors shareholders. ----------------------------------- from the Company in consideration of ------------------------------------ the performance of their duties ------------------------------- (hereinafter referred to as the ------------------------------- "Remuneration") shall be determined --------------- by resolution at a general meeting of shareholders. (Newly established) (Exemption of Liability of Outside ---------------------------------- Directors) ---------- Article 30. The Company may --------------------------- enter into an agreement with outside ------------------------------------ directors under which their liability ------------------------------------- for damages due to the failure in --------------------------------- performing their duties shall be -------------------------------- limited in accordance with the ------------------------------ provisions of Paragraph 1, Article ---------------------------------- 427 of the Corporation Law; --------------------------- provided, however, that the limit of ------------------------------------ liability under such agreement shall ------------------------------------ be the higher of the predetermined ---------------------------------- amount of not less than ten million ----------------------------------- (10,000,000) yen, or the amount ------------------------------- provided for under the laws and ------------------------------- ordinances. -----------
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================================== ================================ Previous Articles of Incorporation New Articles of Incorporation ================================= =============================== CHAPTER V. CORPORATE AUDITORS AND CHAPTER V. CORPORATE AUDITORS AND BOARD OF CORPORATE AUDITORS BOARD OF CORPORATE AUDITORS (Number) (Number) Article 24. The Company shall have Article 31. The Company shall -- -- not more than five (5) corporate have not more than five (5) corporate auditors. auditors. (Small change in Japanese) (Election) (Election) Article 25. Corporate auditors Article 32. -- -- shall be elected at a general meeting 1. (Unchanged) of shareholders. -- 2. Resolutions for the election 2. Resolutions for the election of under the preceding paragraph shall -- - ----------------------------- corporate auditors shall be adopted by be adopted by a majority of the votes ------------------ of the shareholders present who a majority of the votes of the hold not less than one-third shareholders present who hold not (1/3) of the voting rights of less than one-third (1/3) of the voting all the shareholders. rights of the shareholders entitled - --- -------- to exercise voting rights. -------------------------- (Term of Office) (Term of Office) Article 26. The term of office Article 33. -- -- of corporate auditors shall be until 1. The term of office of corporate the close of the ordinary general - meeting of shareholders relating to auditors shall be until the close of the last accounts closing date the ordinary general meeting of ------------------------ shareholders relating to the last occurring within four (4) years after fiscal year ending within four (4) - --------- ------------------ their assumption of office; provided, years after their election. ------------------------------- --------- however, that the term of office of a 2. The term of office of a corporate - ------------------------------------- --------------------------------- corporate auditor elected to fill a auditor elected to fill a vacancy of - ----------------------------------- ------------------------------------ vacancy shall be for the remaining an auditor resigned before the - ---------------------------------- ------------------------------ balance of the term of office of completion of the term shall be for - -------------------------------- ----------------------------------- the retired corporate auditor. the remaining balance of the term - ------------------------------ --------------------------------- of office of the retired corporate ---------------------------------- auditor. -------- (Filling of Vacancy) (Deleted) - -------------------- Article 27. In the event of any ------------------------------- vacancy occurring in the office of - ---------------------------------- corporate auditors, no election to - ---------------------------------- fill such vacancy may be held, if - --------------------------------- the number of the remaining - --------------------------- corporate auditors is not short - ------------------------------- of the statutory number. - ------------------------ (Calling of Meetings of Board of (Person with the Right to Call the - -------------------- ---------------------------------- Corporate Auditors; Resolutions) Meeting of Board of Corporate Auditors) -------------- ------- Article 28. The Board of Article 34. -- ------------ -- Corporate Auditors shall decide (Deleted) - -------------------------------- matters concerning the audit - ------------------------------- policy, the methods for investigating - --------------------------------------- the state of the business and property - ------------------------------------- and the execution of other duties - ------------------------------------ of corporate auditors as well as - ----------------------------------- such matters as are provided for - ----------------------------------- in laws and ordinances. - ------------------------- 2. A meeting of the Board of A meeting of the Board of Corporate - Auditors shall be called by each Corporate Auditors shall be called by corporate auditor. each corporate auditor. 3. Notice of a meeting of the Board (Deleted) ----------------------------------- of Corporate Auditors shall be - ------------------------------ dispatched to each corporate - ---------------------------- auditor three (3) days before - ----------------------------- the date of the meeting; provided, - ---------------------------------- however, that such meeting may - ------------------------------ be held without going through the - --------------------------------- procedure for calling if so - --------------------------- agreed by all the corporate auditors. - ------------------------------------- 4. Except as otherwise provided (Deleted) - ---------------------------------- for in laws or ordinances, resolutions - -------------------------------------- at a meeting of the Board of Corporate - -------------------------------------- Auditors shall be adopted by a - ------------------------------ majority of the corporate auditors. - -----------------------------------
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================================== ============================= Previous Articles of Incorporation New Articles of Incorporation ================================== ============================= (Newly established) (Calling Meetings of Board of ----------------------------- Corporate Auditors) ------------------- Article 35. ----------- 1. Notice of a meeting of the Board ----------------------------------- (Newly established) of Corporate Auditors shall be ------------------------------ dispatched to each corporate ---------------------------- auditor three (3) days before the --------------------------------- date of the meeting; provided, ------------------------------ however, that such period may be -------------------------------- shortened in case of emergency. ------------------------------- 2. A meeting of the Board of ------------------------------- Corporate Auditors may be held ------------------------------ without going through the procedure ----------------------------------- for calling, if so agreed by all -------------------------------- the corporate auditors. ----------------------- (Resolutions of Meetings of Board of ------------------------------------ Corporate Auditors) ------------------- Article 36. ----------- 1. The Board of Corporate Auditors ---------------------------------- shall decide matters concerning the ----------------------------------- audit policy, the methods for ----------------------------- investigating the state of the ------------------------------ business and property and the ----------------------------- execution of other duties of ---------------------------- corporate auditors as well as such ---------------------------------- matters as are provided for in laws ----------------------------------- and ordinances. --------------- 2. Except as otherwise provided for ----------------------------------- in laws or ordinances, resolutions ---------------------------------- at a meeting of the Board of ---------------------------- Corporate Auditors shall be adopted ----------------------------------- by a majority of the corporate ------------------------------ auditors. --------- (Full-Time Corporate Auditor) (Full-Time Corporate Auditor) Article 29. The corporate auditors Article 37. A full-time corporate ---------------------------------- --------------------------------- shall appoint a full-time corporate auditor or auditors shall be - ----------------------------------- ---------------------------- auditor or auditors from among their elected by resolution of the Board - ------------------------------------ ---------------------------------- number. of Corporate Auditors. - ------- ---------------------- (Remuneration) (Remuneration and other interests) -------------------- Article 30. Remuneration of Article 38. Remuneration and other -- -- --------- corporate auditors shall be determined interests of corporate auditors by resolution at a general meeting of --------- shareholders. shall be determined by resolution at a general meeting of shareholders. (Newly established) (Exemption of Liability of Outside ---------------------------------- Corporate Auditors) ------------------- Article 39. The Company may enter --------------------------------- into an agreement with outside ------------------------------ corporate auditors under which their ------------------------------------ liability for damages due to the -------------------------------- failure in performing their duties ---------------------------------- shall be limited in accordance with --------------------------------- the provisions of Paragraph 1, ------------------------------ Article 427 of the Corporation Law; ----------------------------------- provided, however, that the limit --------------------------------- of liability under such agreement --------------------------------- shall be the higher of the -------------------------- predetermined amount not less than ---------------------------------- five million (5,000,000) yen, or -------------------------------- the amount provided for under the --------------------------------- laws or regulations. --------------------
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================================== ============================== Previous Articles of Incorporation New Articles of Incorporation ================================== ============================== CHAPTER VI. ACCOUNTS CHAPTER VI. ACCOUNTS (Business Year; Accounts Closing Date) (Fiscal Year) - -------------------------------------- ------------- Article 31. The business year of the Article 40. The fiscal year of the -- ------------ -- ------ Company shall be from April 1 of each Company shall be one year from April 1 year to March 31 of the following year -------- and the last day of each business year of each year to March 31 of the - -------------------------------------- following year. shall be the accounts closing date. - ----------------------------------- (Dividends) (RECORD DATE FOR DIVIDENDS AT - ----------- FISCAL YEAR END) Article 32. Dividends shall be paid Article 41. The record date for the -- ----------------------- -- ----------------------- to the shareholders and registered dividends to be paid by the Company at - ---------------------------------- -------------------------------------- pledgees appearing or recorded in the the end of fiscal year shall be - ------------------------------------- ------------------------------- final register of shareholders as of March 31 of each year. - ------------------------------------ March 31 of each year. (Interim Dividends) (Interim Dividends) Article 33. The Company may, by Article 42. The Company may, by -- -- resolution of the Board of Directors, resolution of the Board of Directors, make cash distribution as provided for pay interim dividends by regarding - -------------------------------------- ---------------------------------- in Article 293-5 of the Commercial September 30 of each year as the - ---------------------------------- ------ Code of Japan ("interim record date. - ----------------------- ------------ dividends") to the shareholders or - ---------------------------------- registered pledgees appearing or - -------------------------------- recorded in the final register of - --------------------------------- shareholders as of - ------------------ September 30 of each year. (Period of Limitations) (Period of Limitations For Dividends) -------------- Article 34. The Company shall be Article 43. The Company shall be -- -- relieved from the obligation to pay relieved from the obligation to pay any dividend or interim dividend if any property available for ----------------------------- ---------------------- such any dividend or interim dividend distribution if such property -------------------------------- ------------ -------- remains unreceived after the lapse of available for distribution is cash and three (3) full years from the date on -------------------------------------- which the same became due and payable. still remains unreceived after the ----- lapse of three (3) full years from the date on which the same became due and payable.
- 11 - APPENDIX 1. REPRESENTATIVE DIRECTORS AND DIRECTORS After the ordinary general meeting of shareholders ended, a representative director assumed office following the resolution at the meeting of the Board of Directors. As a result, the Company's directors as of June 28, 2006 are as follows: Chairman of the Board and Representative Director: Masamitsu Sakurai Director: Koichi Endo Director: Masayuki Matsumoto Director: Katsumi Yoshida Director: Takashi Nakamura Director: Shiro Kondoh Director: Kazunori Azuma Director: Zenji Miura Director: Kiyoshi Sakai Director: Takaaki Wakasugi Director: Takuya Goto
Note: Directors Takaaki Wakasugi and Takuya Goto are outside directors. 2. CORPORATE AUDITORS After the ordinary general meeting of shareholders ended, a standing corporate auditor assumed office following the resolution at the meeting of the Board of Corporate Auditors. As a result, the Company's corporate auditors as of June 28, 2006 are as follows: Corporate Auditor (Standing): Kohji Tomizawa Corporate Auditor (Standing): Shigekazu Iijima Corporate Auditor: Kenji Matsuishi Corporate Auditor: Takehiko Wada
Note: Corporate auditors Kenji Matsuishi and Takehiko Wada are outside corporate auditors. - 12 - [REFERENCE] 3. EXECUTIVE OFFICERS The Company's executive officers as of June 28, 2006 are as follows: President and Chief Executive Officer Corporate Vice Presidents Masamitsu Sakurai Yoshimasa Matsuura Sadahiro Arikawa Corporate Executive Vice Presidents Norio Tanaka Koichi Endo Kenichi Kanemaru Masayuki Matsumoto Daisuke Segawa Katsumi Yoshida Hisashi Takata Takashi Nakamura Kenichi Matsubayashi Shiro Kondoh Kunihiko Satoh Kazunori Azuma Soichi Nagamatsu Zenji Miura Kiyoshi Sakai [Group Executive Officers] Corporate Executive Vice Presidents Corporate Senior Vice Presidents Makoto Hashimoto Kazuo Togashi Terumoto Nonaka Corporate Senior Vice Presidents Etsuo Kobayashi Yuji Inoue Haruo Nakamura Shiroh Sasaki Kenji Hatanaka Hideko Kunii Corporate Vice Presidents Hiroshi Kobayashi Peter E. Hart Susumu Ichioka Bernard Decugis Hiroshi Tsuruga Corporate Vice Presidents Norihisa Goto Kiyoto Nagasawa Shunsuke Nakanishi Yutaka Ebi Mitsuhiko Ikuno Hiroo Matsuda Yoshihiro Niimura Hiroshi Adachi Michel De Bosschere Kohji Sawa Toshiaki Katayama Thomas Salierno
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