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Statutory disclosure document3697SHIFT Inc.Information and Communications, Services and Others

Statutory Advance Disclosure Document (Absorption-Type Company Split) (SHIFT Growth Capital Co., Ltd.)

SHIFT Inc. will assume, through an absorption-type company split, the status under employment contracts and all rights and obligations relating to the administration division of its wholly owned subsidiary, 株式会社SHIFTグロース・キャピタル. The effective date is 1 September 2026, and no consideration, including shares or cash, will be delivered.

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Decision and Details

Resolutions by the governing bodies of Party A and Party B (specific names of the governing bodies: Not disclosed)

Absorption-type company split involving the rights and obligations relating to the administration division of 株式会社SHIFTグロース・キャピタル

Decision15 July 2026 (date of execution of the absorption-type company split agreement)
Period CoveredOn and after 1 September 2026 (after the effective date)
Implementation1 September 2026 (scheduled effective date, subject to conditions)
Going forwardThe transaction is scheduled to become effective on 1 September 2026. By the effective date, Party A and Party B will obtain approval of the agreement and make any other necessary corporate resolutions. Any changes will be disclosed promptly.
AmountConsideration for the split: no shares, cash or any other consideration; increase in stated capital: ¥0; increase in reserves, etc.: to be determined by Party A in accordance with the Ordinance on Company Accounting
Quantity / scaleThe status under employment contracts and all rights and obligations under those contracts of all employees of the demerged company primarily engaged in the relevant division; assets, liabilities and contracts other than employment contracts to be assumed: none
Reason

As this is an absorption-type company split between a wholly owned parent company and its wholly owned subsidiary, no shares or other consideration will be delivered. The rights and obligations relating to the administration division will be assumed.

Decision and Details
ItemDetails
Matter CoveredAbsorption-type company split involving the rights and obligations relating to the administration division of 株式会社SHIFTグロース・キャピタル
Decision-Making BodyResolutions by the governing bodies of Party A and Party B (specific names of the governing bodies: Not disclosed)
Decision Date15 July 2026 (date of execution of the absorption-type company split agreement)
Implementation Date1 September 2026 (scheduled effective date, subject to conditions)
Period CoveredOn and after 1 September 2026 (after the effective date)
AmountConsideration for the split: no shares, cash or any other consideration; increase in stated capital: ¥0; increase in reserves, etc.: to be determined by Party A in accordance with the Ordinance on Company Accounting
Quantity / scaleThe status under employment contracts and all rights and obligations under those contracts of all employees of the demerged company primarily engaged in the relevant division; assets, liabilities and contracts other than employment contracts to be assumed: none
ReasonAs this is an absorption-type company split between a wholly owned parent company and its wholly owned subsidiary, no shares or other consideration will be delivered. The rights and obligations relating to the administration division will be assumed.
Governing RuleArticle 794, paragraph 1 of the Companies Act; Article 192 of the Ordinance for Enforcement of the Companies Act; Article 758 of the Companies Act; Article 799, paragraph 1 of the Companies Act; Article 165, paragraph 2 of the Companies Act
Future plansThe transaction is scheduled to become effective on 1 September 2026. By the effective date, Party A and Party B will obtain approval of the agreement and make any other necessary corporate resolutions. Any changes will be disclosed promptly.
Items this document does not state (2)
Impact on Business PerformanceRelated 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.

The document states that this is an absorption-type company split between a wholly owned parent company and its wholly owned subsidiary, intended to consolidate the rights and obligations relating to the administration division at the parent company. However, no specific reason for the implementation is disclosed.

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Statutory Advance Disclosure Document (Absorption-Type Company Split) (SHIFT Growth Capital Co., Ltd.) | SHIFT Inc. (3697) timely disclosure | Komori