Worth reading
44Recurring
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
4
Share of consolidated net sales attributable to the businesses (%, approximately)Wording
Conditional
How definitive the wording is.This transaction
Absorption-type company splitCounterparty株式会社ティアネクスト
Disclosing companyTEAR Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Real estate sales and brokerage, vacant-home utilization support Introduction of specialists focused on inheritance
Net SalesReal estate business: ¥516 million; inheritance support business: ¥272 million (most recent fiscal year)
Consideration and expenses
Acquisition priceNot applicable (no shares or other consideration will be delivered in connection with this company split)
Type of ConsiderationNo consideration
Impact on Business Performance
The impact on the Company's consolidated results will be minor. The impact on its non-consolidated results is currently under review, and the Company will provide further information once the details are known.
Procedures and assumptions
Conditions Precedent to ExecutionAs the transaction qualifies as a simplified absorption-type company split under Article 784, Paragraph 2 of the Companies Act, it will be carried out without obtaining approval at a shareholders' meeting of the Company.
Management structure after acquisitionThe Company’s corporate name, location, representative, business activities, capital and fiscal year-end will not change as a result of this company split. The treatment of employees has not been disclosed.
| Item | Details |
|---|---|
| Transaction name | Absorption-type company split |
| Counterparty name | 株式会社ティアネクスト |
| Business Description of the Subject Company | Real estate sales and brokerage, vacant-home utilization support Introduction of specialists focused on inheritance |
| Net Sales of the Subject Company | Real estate business: ¥516 million; inheritance support business: ¥272 million (most recent fiscal year) |
| Acquisition price | Not applicable (no shares or other consideration will be delivered in connection with this company split) |
| Type of Consideration | No consideration |
| Voting rights ownership percentage | Before 100% (the Company's wholly owned subsidiary) (after not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated results will be minor. The impact on its non-consolidated results is currently under review, and the Company will provide further information once the details are known. |
| Date of board resolution | 13 April 2026 |
| Contract Date | 13 April 2026 |
| Execution Date / Effective Date | 1 July 2026 (effective date of the company split) |
| Conditions Precedent to Execution | As the transaction qualifies as a simplified absorption-type company split under Article 784, Paragraph 2 of the Companies Act, it will be carried out without obtaining approval at a shareholders' meeting of the Company. |
| Management structure after acquisition | The Company’s corporate name, location, representative, business activities, capital and fiscal year-end will not change as a result of this company split. The treatment of employees has not been disclosed. |
Items this document does not state (19)
Name of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses 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.To accelerate decision-making on real estate transactions, recruit and retain personnel with expertise specific to the real estate business, and improve the closing rate by leveraging the compatibility between real estate and inheritance procedures. The Company also states that it took the businesses' future potential into consideration.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.