Decision and Details
An absorption-type company split under which the rights and obligations relating to Party A's Volvo business will be transferred to Party B
As Party B is the wholly owning parent company that holds all of Party A's issued shares, delivery of consideration for the split will be omitted.
Based on the financial condition of both parties, the parties expect that there will be no impediment to the performance of their obligations. The amount of the impact on earnings is Not disclosed.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type company split under which the rights and obligations relating to Party A's Volvo business will be transferred to Party B |
| Decision Date | 15 April 2026 (date of execution of the absorption-type company split agreement) |
| Implementation Date | 1 June 2026 (scheduled; effective date of the split, subject to change by agreement) |
| Period Covered | From the effective date of the split, 1 June 2026, onward |
| Amount | Balance sheet of 株式会社ｅｔｔ at the time of incorporation: total assets ¥10 million, shareholders' equity ¥10 million, capital stock ¥10 million, total liabilities ¥0 million |
| Impact on Business Performance | Based on the financial condition of both parties, the parties expect that there will be no impediment to the performance of their obligations. The amount of the impact on earnings is Not disclosed. |
| Reason | As Party B is the wholly owning parent company that holds all of Party A's issued shares, delivery of consideration for the split will be omitted. |
| Governing Rule | Companies Act and Ordinance for Enforcement of the Companies Act |
| Future plans | The absorption-type company split is scheduled to take effect on 1 June 2026. If any changes occur after the start date of the period for advance document retention, the amended items will be disclosed immediately. |
Items this document does not state (3)
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.As 株式会社ｅｔｔ is the wholly owning parent company that holds all of the issued shares of NEXTAGE Co.,Ltd., delivery of consideration for the split will be omitted. Based on the financial condition of both parties, the parties expect that there will be no impediment to the performance of their obligations after the split.