The Japan Financial Services Agency updated its information and reference materials on “pre-general meeting disclosure”, encouraging listed companies to file securities reports far enough in advance of ordinary general meetings of shareholders for investors to review key disclosures before voting. The refreshed package includes updated “points to note” for conducting pre-meeting disclosure and practical guidance on how to submit securities reports ahead of the meeting, alongside a consultation desk covering issues such as the voting record date and integrated disclosure with Companies Act business reports. The agency is also maintaining tools to track market practice, including a monthly-updated list of companies planning to submit securities reports at least two weeks before their shareholder meetings and a list of companies that have already filed before the meeting, as well as publishing good examples of earlier and integrated disclosures and the results of its securities report review survey related to a ministerial request for appropriate pre-meeting information provision.
Japan Financial Services Agency 2026-02-20
Japan Financial Services Agency updates guidance and monitoring materials to promote securities report disclosure ahead of annual shareholder meetings
The Japan Financial Services Agency has updated its guidance on "pre-general meeting disclosure" to encourage listed companies to file securities reports well in advance of shareholder meetings. The update includes practical guidance, a consultation desk, and tools to track market practices, such as lists of companies filing reports early and examples of good disclosure practices.