Worth reading
68In focus
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Neutral
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
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How definitive the wording is.Decision and Details
An absorption-type company split under which the rights and obligations relating to Company A’s Jaguar Land Rover and BYD businesses will be transferred to Company B
Decision15 April 2026 (date of execution of the absorption-type company split agreement)
Period CoveredBased on the balance sheet as of 30 November 2025 and other calculations as of the same date, finalized after reflecting changes through the day preceding the effective date
Implementation1 June 2026 (scheduled effective date; subject to change following discussions between Companies A and B)
Going forwardThe company split is scheduled to take effect on 1 June 2026. If any changes occur after the date on which prior disclosure documents become available for inspection, the revised information will be disclosed immediately.
AmountConsideration for the company split: no cash or other consideration will be paid; balance sheet at the establishment of Shin Co., Ltd.: total assets ¥10 million, shareholders’ equity ¥10 million, share capital ¥10 million
Reason
As Company B is wholly owned by Company A, payment of consideration for the company split will be omitted.
Impact on Business Performance
Based on the financial positions of Companies A and B, the companies expect that the performance of their obligations will not be impeded.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type company split under which the rights and obligations relating to Company A’s Jaguar Land Rover and BYD businesses will be transferred to Company B |
| Decision Date | 15 April 2026 (date of execution of the absorption-type company split agreement) |
| Implementation Date | 1 June 2026 (scheduled effective date; subject to change following discussions between Companies A and B) |
| Period Covered | Based on the balance sheet as of 30 November 2025 and other calculations as of the same date, finalized after reflecting changes through the day preceding the effective date |
| Amount | Consideration for the company split: no cash or other consideration will be paid; balance sheet at the establishment of Shin Co., Ltd.: total assets ¥10 million, shareholders’ equity ¥10 million, share capital ¥10 million |
| Impact on Business Performance | Based on the financial positions of Companies A and B, the companies expect that the performance of their obligations will not be impeded. |
| Reason | As Company B is wholly owned by Company A, payment of consideration for the company split will be omitted. |
| Governing Rule | Companies Act and Ordinance for Enforcement of the Companies Act |
| Future plans | The company split is scheduled to take effect on 1 June 2026. If any changes occur after the date on which prior disclosure documents become available for inspection, the revised information will be disclosed immediately. |
Items this document does not state (3)
Decision-Making BodyQuantity / scaleRelated 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.As Company A is the wholly owning parent company of Company B, payment of consideration for the company split will be omitted. Based on the financial positions of Companies A and B, the companies expect that the split will not impede the performance of their obligations.
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