Decision and Details
Absorption-type company split under which the rights and obligations relating to the energy business will be transferred to the successor company
As the successor company is a wholly owned subsidiary of the splitting company, it was determined to be appropriate not to pay consideration for the company split. In addition, no events that could impede the performance of obligations by the splitting company or the successor company after the effective date are currently recognized or anticipated.
| Item | Details |
|---|---|
| Matter Covered | Absorption-type company split under which the rights and obligations relating to the energy business will be transferred to the successor company |
| Decision Date | 15 May 2026 (date of execution of the absorption-type company split agreement) |
| Implementation Date | 1 October 2026 (scheduled effective date) |
| Amount | Assets scheduled to be transferred: ¥4,673 million; liabilities scheduled to be transferred: ¥2,388 million; assets of the splitting company: ¥27,721 million; liabilities of the splitting company: ¥3,732 million; assets of the successor company: ¥10 million; liabilities of the successor company: ¥0; stated capital of the successor company: ¥10 million |
| Reason | As the successor company is a wholly owned subsidiary of the splitting company, it was determined to be appropriate not to pay consideration for the company split. In addition, no events that could impede the performance of obligations by the splitting company or the successor company after the effective date are currently recognized or anticipated. |
| Governing Rule | Companies Act, Article 782, paragraph 1; Ordinance for Enforcement of the Companies Act, Article 183; Companies Act, Article 794, paragraph 1; Ordinance for Enforcement of the Companies Act, Article 192; Financial Instruments and Exchange Act |
| Future plans | The absorption-type company split is scheduled to take effect on 1 October 2026 |
Items this document does not state (5)
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 successor company is a wholly owned subsidiary of the splitting company, and no circumstances that could impede the performance of obligations by either company are currently recognized or anticipated.