Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
2175
¥ million (property, plant and equipment)Wording
Conditional
How definitive the wording is.This transaction
This company split (absorption-type company split)Counterparty株式会社トライアルリアルエステート
Disclosing companyTRIAL Holdings,Inc.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Real estate management and ownership, and other businesses
Location Higashi Ward, Fukuoka City, Fukuoka PrefectureShare capital ¥100 millionDate of incorporation 1 December 2020
Net Sales¥1,065 million (fiscal year ended June 2025)
Operating profit¥588 million (fiscal year ended June 2025)
Net income for the current fiscal year¥373 million (fiscal year ended June 2025)
Net assets¥554 million (fiscal year ended June 2025)
Consideration and expenses
Acquisition priceNo consideration
Type of ConsiderationNo consideration
Impact on Business Performance
As this company split will be conducted between the company and its wholly owned subsidiary, its impact on consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionThe company will conduct the transaction as a simplified absorption-type company split under Article 796, Paragraph 2 of the Companies Act, while TRET will conduct it as a short-form absorption-type company split under Article 784, Paragraph 1 of the same Act. Neither company will hold a shareholders' meeting to approve the absorption-type company split agreement.
Management structure after acquisitionFollowing this company split, there will be no change to the company's trade name, head office location, title or name of its representative, business activities, capital or fiscal year-end. Treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This company split (absorption-type company split) |
| Counterparty name | 株式会社トライアルリアルエステート |
| Name of the Subject Company | 株式会社トライアルリアルエステート (split company) |
| Business Description of the Subject Company | Real estate management and ownership, and other businesses |
| Location of the Subject Company | Higashi Ward, Fukuoka City, Fukuoka Prefecture |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 1 December 2020 |
| Net Sales of the Subject Company | ¥1,065 million (fiscal year ended June 2025) |
| Operating Profit of the Subject Company | ¥588 million (fiscal year ended June 2025) |
| Net Income of the Subject Company | ¥373 million (fiscal year ended June 2025) |
| Net Assets of the Subject Company | ¥554 million (fiscal year ended June 2025) |
| Acquisition price | No consideration |
| Type of Consideration | No consideration |
| Voting rights ownership percentage | Before 100% (the company's ownership interest in TRET) (after not disclosed) |
| Impact on Business Performance | As this company split will be conducted between the company and its wholly owned subsidiary, its impact on consolidated results will be immaterial. |
| Date of board resolution | 23 June 2026 |
| Contract Date | 23 June 2026 (scheduled) |
| Execution Date / Effective Date | 1 August 2026 (予定) |
| Conditions Precedent to Execution | The company will conduct the transaction as a simplified absorption-type company split under Article 796, Paragraph 2 of the Companies Act, while TRET will conduct it as a short-form absorption-type company split under Article 784, Paragraph 1 of the same Act. Neither company will hold a shareholders' meeting to approve the absorption-type company split agreement. |
| Management structure after acquisition | Following this company split, there will be no change to the company's trade name, head office location, title or name of its representative, business activities, capital or fiscal year-end. Treatment of employees: Not disclosed |
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The purpose is to accelerate decision-making in group management and strengthen governance by bringing the real estate and resort businesses under the company's direct control. The company explains that this will contribute to increasing the corporate value of the group.
How to read this page
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