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PayPay (PAYP) wins 99% shareholder backing for election of five directors

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Form Type
6-K

Rhea-AI Filing Summary

PayPay Corporation reported the results of its Annual General Meeting of Shareholders held on June 29, 2026, where shareholders voted on the election of five directors (excluding Audit and Supervisory Committee Members). All five nominees were elected with overwhelming support, each receiving around 99% approval of votes cast.

Ichiro Nakayama received 6,336,227 votes for and an approval ratio of 99.47%, while Takeshi Idezawa received 6,320,711 votes for with 99.23% approval. Yoshimitsu Goto, Junichi Miyakawa, and Fumiya Takasu each received over 6.32 million votes for and approval ratios of 99.29%. The resolution required attendance by holders of at least one-third of voting rights and a majority of votes in favor, conditions that were satisfied.

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Date of general meeting June 29, 2026 Annual General Meeting of Shareholders date
Filing date June 30, 2026 Date the report was filed and signed
Votes for Ichiro Nakayama 6,336,227 votes for; 33,760 against; 99.47% Director election at 2026 AGM
Votes for Takeshi Idezawa 6,320,711 votes for; 49,276 against; 99.23% Director election at 2026 AGM
Votes for Yoshimitsu Goto 6,324,555 votes for; 45,431 against; 99.29% Director election at 2026 AGM
Votes for Junichi Miyakawa 6,324,766 votes for; 45,221 against; 99.29% Director election at 2026 AGM
Votes for Fumiya Takasu 6,324,591 votes for; 45,396 against; 99.29% Director election at 2026 AGM
Extraordinary Report regulatory
"filed its Japanese-language Extraordinary Report (Rinji Houkokusho) with the Director-General"
Financial Instruments and Exchange Act of Japan regulatory
"pursuant to the Financial Instruments and Exchange Act of Japan"
Audit and Supervisory Committee Members financial
"Election of Five (5) Directors (excluding Directors who are Audit and Supervisory Committee Members)"
voting rights financial
"shareholders holding one-third or more of the voting rights of shareholders entitled"
Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.
Annual General Meeting of Shareholders regulatory
"at the Annual General Meeting of Shareholders held on June 29, 2026"

FAQ

What did PayPay (PAYP) shareholders vote on at the June 2026 meeting?
Shareholders voted on electing five directors, excluding Audit and Supervisory Committee Members. The nominees were Ichiro Nakayama, Takeshi Idezawa, Yoshimitsu Goto, Junichi Miyakawa, and Fumiya Takasu, and all were approved with very high support at the June 29, 2026 meeting.

Which directors were elected at PayPay (PAYP)’s June 29, 2026 shareholder meeting?
Shareholders elected five directors: Ichiro Nakayama, Takeshi Idezawa, Yoshimitsu Goto, Junichi Miyakawa, and Fumiya Takasu. These directors are not Audit and Supervisory Committee Members and each secured approval ratios around 99% of the votes cast.

What approval ratios did PayPay (PAYP) director nominees receive in June 2026?
Each PayPay director nominee received about 99% support. Approval ratios were 99.47% for Ichiro Nakayama, 99.23% for Takeshi Idezawa, and 99.29% for Yoshimitsu Goto, Junichi Miyakawa, and Fumiya Takasu, reflecting broad shareholder backing for the board slate.

How many votes supported PayPay (PAYP) director Ichiro Nakayama in the 2026 meeting?
Director candidate Ichiro Nakayama received 6,336,227 votes in favor, with 33,760 votes against and no abstentions. This translated into an approval ratio of 99.47%, indicating very strong shareholder support for his election to the board.

What voting requirements applied to PayPay (PAYP)’s 2026 director election resolution?
The resolution required attendance by shareholders holding at least one-third of all voting rights and approval by a majority of votes of shareholders present. These conditions were met, allowing the election of all five director candidates with high approval ratios near 99%.

Why did PayPay (PAYP) file an Extraordinary Report for the June 2026 meeting?
PayPay filed an Extraordinary Report because the director election resolution was passed at its June 29, 2026 Annual General Meeting. The filing was made under Article 24-5 of Japan’s Financial Instruments and Exchange Act, disclosing the detailed shareholder voting results in Japanese and English.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2026

Commission File Number 001-43184

 

 

PayPay Corporation

(Translation of registrant’s name into English)

 

 

Yotsuya Tower, 1-6-1 Yotsuya
Shinjuku-ku

Tokyo 160-0004 Japan

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

 

Form 20-F ☒

 

Form 40-F ☐

 

 

 

 

Table of Contents

Exhibit Index

 

Exhibit 99.1 — Results of the exercise of voting rights at 8th Annual General Meeting of Shareholders

Table of Contents

SIGNATURES

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.

 

Date: June 30, 2026

 

 

 

PAYPAY CORPORATION

 

 

 

By:

 

/s/ Wataru Kagechika

Name:

 

Wataru Kagechika

Title:

 

Managing Corporate Officer and CFO

 

Note for readers of this English translation

On June 30, 2026, PayPay Corporation (the “Company”) filed its Japanese-language Extraordinary Report (Rinji Houkokusho) with the Director-General of the Kanto Local Finance Bureau in Japan in connection with the Company’s shareholders’ voting results for the proposal acted upon at the Annual General Meeting of Shareholders held on June 29, 2026 pursuant to the Financial Instruments and Exchange Act of Japan. This document is an English translation of the Extraordinary Report in its entirety.

 

1.
Reason for Filing

As the resolution was passed at the Annual General Meeting of Shareholders of the Company held on June 29, 2026, the Company files this Extraordinary Report pursuant to the provisions of Article 24-5, Paragraph 4 of the Financial Instruments and Exchange Act of Japan and Article 19, Paragraph 2, Item 9-2 of the Cabinet Office Ordinance on Disclosure of Corporate Affairs, etc.

 

2.
Matters Reported
(1)
Date of the General Meeting of Shareholders

June 29, 2026

 

(2)
Details of the Matters Resolved

Proposal No. 1: Election of Five (5) Directors (excluding Directors who are Audit and Supervisory Committee Members)

The following five (5) candidates were elected as Directors: Ichiro Nakayama, Takeshi Idezawa, Yoshimitsu Goto, Junichi Miyakawa, and Fumiya Takasu.

 

(3)
Number of Voting Rights Representing Votes For, Votes Against and Abstentions; Approval　

Requirements; and Results of the Resolution

Matters Resolved

For

(Units)

Against

(Units)

Abstentions

(Units)

Approval Requirements

Results and Approval Ratio (%)

Proposal No. 1

 

 

 

 

 

Ichiro Nakayama

6,336,227

33,760

0

(Note)

Approved

99.47

Takeshi Idezawa

6,320,711

49,276

0

(Note)

Approved

99.23

Yoshimitsu Goto

6,324,555

45,431

0

(Note)

Approved

99.29

Junichi Miyakawa

6,324,766

45,221

0

(Note)

Approved

99.29

Fumiya Takasu

6,324,591

45,396

0

(Note)

Approved

99.29

(Note) Approval requires the attendance of shareholders holding one-third or more of the voting rights of shareholders entitled to exercise voting rights, and an affirmative vote by a majority of the voting rights of the shareholders present.

 

(4)
Reason for Not Counting a Portion of the Voting Rights

Not applicable.

 

End

Source: View Original Filing on SEC EDGAR

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