Worth reading
69In focus
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Decision and Details
Prior disclosure document relating to the merger by absorption
Decision26 October 2026 (date on the document; resolution and execution dates not separately specified)
Period CoveredAfter the effective date of 1 December 2026
Implementation1 December 2026 (scheduled effective date)
Going forwardEffective date scheduled for 1 December 2026. If any of the stated matters change before the effective date, the revised matters will be disclosed promptly.
AmountMerger consideration: none
Quantity / scaleDissolution of Shinwa Auction Co., Ltd.; survival of Shinwa Wise Holdings Co., Ltd.; between a wholly owned parent company and its subsidiary (ownership ratio: 100.0%)
Reason
Because this is a merger between a wholly owned parent company and its wholly owned subsidiary
Impact on Business Performance
The surviving company's assets are expected to significantly exceed its liabilities, and no event is currently expected to impede the performance of its obligations.
| Item | Details |
|---|---|
| Matter Covered | Prior disclosure document relating to the merger by absorption |
| Decision Date | 26 October 2026 (date on the document; resolution and execution dates not separately specified) |
| Implementation Date | 1 December 2026 (scheduled effective date) |
| Period Covered | After the effective date of 1 December 2026 |
| Amount | Merger consideration: none |
| Quantity / scale | Dissolution of Shinwa Auction Co., Ltd.; survival of Shinwa Wise Holdings Co., Ltd.; between a wholly owned parent company and its subsidiary (ownership ratio: 100.0%) |
| Impact on Business Performance | The surviving company's assets are expected to significantly exceed its liabilities, and no event is currently expected to impede the performance of its obligations. |
| Reason | Because this is a merger between a wholly owned parent company and its wholly owned subsidiary |
| Governing Rule | Article 794, Paragraph 1 of the Companies Act; Article 191 of the Regulations for Enforcement of the Companies Act; Article 782, Paragraph 1 of the Companies Act; and Article 182 of the Regulations for Enforcement of the Companies Act |
| Future plans | Effective date scheduled for 1 December 2026. If any of the stated matters change before the effective date, the revised matters will be disclosed promptly. |
Items this document does not state (2)
Decision-Making BodyRelated previous disclosures
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.This is a merger between a wholly owned parent company and its subsidiary, with no merger consideration to be paid. It explained that, after the effective date, no event is currently expected to impede the surviving company's performance of its obligations.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.