Decision and Details
Board of Directors of ITO EN,LTD. (the document states that the effective date of the split may be changed with the approval of the Board of Directors)Incorporation-type company split involving the sale of perfumes, cosmetics, fragrance goods and other products under the Crazy Jasmine brand, together with related ancillary businesses
The plan reflects the need to manage the Crazy Jasmine business appropriately and efficiently, as well as future capital policy and the amounts of the assets and liabilities to be transferred.
The impact of the split on the Company is extremely minor. The performance of obligations by ITO EN,LTD. and the new company is not expected to be impaired.
| Item | Details |
|---|---|
| Matter Covered | Incorporation-type company split involving the sale of perfumes, cosmetics, fragrance goods and other products under the Crazy Jasmine brand, together with related ancillary businesses |
| Decision-Making Body | Board of Directors of ITO EN,LTD. (the document states that the effective date of the split may be changed with the approval of the Board of Directors) |
| Decision Date | 27 March 2026 |
| Implementation Date | 1 May 2026 (scheduled effective date) |
| Period Covered | The new company's fiscal year will run from 1 May to 30 April of the following year |
| Amount | Capital: ¥50 million; capital reserve: ¥47 million; assets scheduled to be transferred: ¥97 million; liabilities scheduled to be transferred: ¥0 |
| Quantity / scale | 5,000 common shares to be issued by the new company; 20,000 authorised shares |
| Impact on Business Performance | The impact of the split on the Company is extremely minor. The performance of obligations by ITO EN,LTD. and the new company is not expected to be impaired. |
| Reason | The plan reflects the need to manage the Crazy Jasmine business appropriately and efficiently, as well as future capital policy and the amounts of the assets and liabilities to be transferred. |
| Governing Rule | Companies Act, Article 803; Regulation for Enforcement of the Companies Act, Article 205; Companies Act, Article 805; and Companies Act, Article 924, paragraph 1, item 1(e) |
| Future plans | The incorporation-type company split is scheduled to be implemented on 1 May 2026, and 株式会社 Crazy Jasmine Tokyo is scheduled to be established on the same date. If a material change occurs before the effective date, written documents reflecting the change will be kept available. |
Items this document does not state (1)
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 plan reflects the need for the new company to manage the subject business appropriately and efficiently, as well as future capital policy and the amounts of the assets and liabilities to be transferred.