Worth reading
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Change in a specified subsidiary and transition to unconsolidated financial statementsDisclosing companyInstitution for a Global Society Corporation
Execution Date / Effective DateCompletion of liquidation: scheduled for late September 2026
Target company
Management and administration of silent partnership assets
Net Sales— (fiscal year ended December 2025)
Operating profit— (fiscal year ended December 2025)
Net income for the current fiscal year¥27 thousand (fiscal year ended December 2025)
Net assets¥102,027 thousand (fiscal year ended December 2025)
Consideration and expenses
Amount of extraordinary income (loss)Fiscal year ended March 2026: investment securities fully impaired (impairment amount not disclosed)
Impact on Business Performance
The impact of this matter on results for the fiscal year ending March 2027 is immaterial
| Item | Details |
|---|---|
| Transaction name | Change in a specified subsidiary and transition to unconsolidated financial statements |
| Name of the Subject Company | ONGAESHI Silent Partnership |
| Business Description of the Subject Company | Management and administration of silent partnership assets |
| Net Sales of the Subject Company | — (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | — (fiscal year ended December 2025) |
| Net Income of the Subject Company | ¥27 thousand (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ¥102,027 thousand (fiscal year ended December 2025) |
| Voting rights ownership percentage | Before 75% (after not disclosed) |
| Amount of extraordinary income (loss) | Fiscal year ended March 2026: investment securities fully impaired (impairment amount not disclosed) |
| Impact on Business Performance | The impact of this matter on results for the fiscal year ending March 2027 is immaterial |
| Execution Date / Effective Date | Completion of liquidation: scheduled for late September 2026 |
Items this document does not state (21)
Counterparty nameLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountDate of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
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 Silent Partnership will be liquidated following the liquidation of the overseas corporation in which it invested, leaving the Company with no consolidated subsidiaries.
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