Decision and Details
Board of Directors of the splitting companyAbsorption-type company split involving the rights and obligations relating to the K-POP-related entertainment business
Because the successor company is a wholly owned subsidiary of the splitting company, it was determined to be appropriate not to deliver consideration for the company split. It was also determined that both companies are expected to perform their debts after the company split.
No circumstances are currently anticipated in connection with the post-company-split earnings outlook or cash flow position that would impede the performance of debts.
| Item | Details |
|---|---|
| Matter Covered | Absorption-type company split involving the rights and obligations relating to the K-POP-related entertainment business |
| Decision-Making Body | Board of Directors of the splitting company |
| Decision Date | 9 October 2026 |
| Implementation Date | 1 December 2026 (effective date, scheduled) |
| Amount | Balance sheet as of the date of formation of the successor company: total assets, ¥520 million; shareholders’ equity, ¥520 million; capital stock, ¥260 million; capital surplus, ¥260 million. Consideration for the company split: no shares, cash or other property will be delivered. |
| Impact on Business Performance | No circumstances are currently anticipated in connection with the post-company-split earnings outlook or cash flow position that would impede the performance of debts. |
| Reason | Because the successor company is a wholly owned subsidiary of the splitting company, it was determined to be appropriate not to deliver consideration for the company split. It was also determined that both companies are expected to perform their debts after the company split. |
| Governing Rule | Article 782, Paragraph 1 of the Companies Act; Article 183 of the Ordinance for Enforcement of the Companies Act |
| Future plans | The absorption-type company split is scheduled to become effective on 1 December 2026. If any changes occur to the matters after the start date of the prior disclosure, the revised details 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.This is because the successor company is a wholly owned subsidiary of the splitting company, making it appropriate not to deliver consideration for the company split. No circumstances that would impede the performance of the debts of either the splitting company or the successor company are currently anticipated after the company split, and the performance of those debts is considered likely.