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M&A and Subsidiary Changes4016MIT Holdings CO.,LTD.Information and Communications, Services and Others

Notice Concerning the Merger Between Consolidated Subsidiaries

The company has decided to merge its wholly owned subsidiary 株式会社システムイオ, which will remain as the surviving company, with 株式会社 NetValue, which will be absorbed. The effective date is scheduled for 1 December 2024.

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This transaction

This merger (absorption-type merger)
Counterparty株式会社システムイオ, 株式会社 NetValue
Disclosing companyMIT Holdings CO.,LTD.
株式会社システムイオ(存続会社), 株式会社 NetValue(消滅会社)Subject of this transactionVoting rights ownership percentage Before 株式会社システムイオ 100.0%、株式会社 NetValue 100.0% (after not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.79 days from 決議 / 締結 to 実行.White points represent dates designated as scheduled dates in the document.
Target company

Systems integration services, Systems integration services

Location Mihama-ku, Chiba, Chiba Prefecture, Chuo-ku, Osaka, Osaka PrefectureShare capital ¥100 million, ¥25 millionDate of incorporation 1990 年1月 11 日, 2004 年6月1日
Net Sales2,496,294 千円(2023 年 11 月期), 1,224,021 千円(2023 年 11 月期)
Operating profit50,719 千円(2023 年 11 月期), 35,966 千円(2023 年 11 月期)
Net income for the current fiscal year34,839 千円(2023 年 11 月期), 25,225 千円(2023 年 11 月期)
Net assets194,560 千円(2023 年 11 月期), 102,025 千円(2023 年 11 月期)
Consideration and expenses
Acquisition priceNot applicable(株式の発行又は金銭等の割当はありません)
Type of Consideration現金・株式等の割当なし(株式の発行又は金銭等の割当はありません)
Merger ratio/share exchange ratioNot applicable。株式会社システムイオが存続会社、株式会社 NetValueが消滅会社。
Impact on Business Performance

The impact on the Company's consolidated results is expected to be immaterial.

Procedures and assumptions
Management structure after acquisition本合併により存続会社は消滅会社の事業を承継します。存続会社の名称、所在地、代表者の役職・氏名、資本金及び決算期に変更はありません。
This transaction
ItemDetails
Transaction nameThis merger (absorption-type merger)
Counterparty name株式会社システムイオ, 株式会社 NetValue
Name of the Subject Company株式会社システムイオ(存続会社), 株式会社 NetValue(消滅会社)
Business Description of the Subject CompanySystems integration services, Systems integration services
Location of the Subject CompanyMihama-ku, Chiba, Chiba Prefecture, Chuo-ku, Osaka, Osaka Prefecture
Capital Stock of the Subject Company¥100 million, ¥25 million
Date of Establishment of the Subject Company1990 年1月 11 日, 2004 年6月1日
Net Sales of the Subject Company2,496,294 千円(2023 年 11 月期), 1,224,021 千円(2023 年 11 月期)
Operating Profit of the Subject Company50,719 千円(2023 年 11 月期), 35,966 千円(2023 年 11 月期)
Net Income of the Subject Company34,839 千円(2023 年 11 月期), 25,225 千円(2023 年 11 月期)
Net Assets of the Subject Company194,560 千円(2023 年 11 月期), 102,025 千円(2023 年 11 月期)
Acquisition priceNot applicable(株式の発行又は金銭等の割当はありません)
Type of Consideration現金・株式等の割当なし(株式の発行又は金銭等の割当はありません)
Merger ratio/share exchange ratioNot applicable。株式会社システムイオが存続会社、株式会社 NetValueが消滅会社。
Voting rights ownership percentageBefore 株式会社システムイオ 100.0%、株式会社 NetValue 100.0% (after not disclosed)
Impact on Business PerformanceThe impact on the Company's consolidated results is expected to be immaterial.
Date of board resolution2024 年9月 13 日
Contract Date2024 年9月 13 日
Execution Date / Effective Date2024 年 12 月1日(予定)
Management structure after acquisition本合併により存続会社は消滅会社の事業を承継します。存続会社の名称、所在地、代表者の役職・氏名、資本金及び決算期に変更はありません。
Items this document does not state (12)
Expenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution

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.

事業活動を統合して経営資源を集中・有効活用し、成長の加速と収益性の向上を目指すため。

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Concerning the Merger Between Consolidated Subsidiaries | MIT Holdings CO.,LTD. (4016) timely disclosure | Komori