Absorption-type merger (simplified merger and short-form merger) of a consolidated subsidiary and waiver of receivables
株式会社バンク・オブ・イノベーション and its wholly owned subsidiary 株式会社Koiniwa
“Koiniwa,” a game and matchmaking app, including its enhanced and overseas versions
To improve productivity by consolidating management resources. Part of the receivables will be waived to eliminate Koiniwa's negative net worth before the merger.
The receivables waiver is scheduled to total ¥1,700 million. Of this amount, ¥1,168 million has already been covered by an allowance for loans to affiliated companies, and the difference of ¥531 million is expected to be recorded as an extraordinary loss in the standalone financial statements. The amount will be eliminated on consolidation, so there will be no impact on consolidated results.
No revision to the earnings forecast has been specified. The impact on the Company's consolidated results is immaterial.
Company response
No suspension of operations has been disclosed. The “Koiniwa” service will continue to be provided.
The waiver of receivables is scheduled for 30 June 2026, and the absorption-type merger is scheduled for 1 July 2026, with the Company as the surviving entity. The Company will assume the operations related to “Koiniwa,” continue providing the service, and work on developing its enhanced and overseas versions.
| Item | Details |
|---|---|
| Event name | Absorption-type merger (simplified merger and short-form merger) of a consolidated subsidiary and waiver of receivables |
| Date of occurrence | 24 March 2026 (date of board resolution and execution of the merger agreement) |
| Date recognized / date notice received | 24 March 2026 (date of the Board of Directors' resolution) |
| Subject Entity | 株式会社バンク・オブ・イノベーション and its wholly owned subsidiary 株式会社Koiniwa |
| Target Locations / Products | “Koiniwa,” a game and matchmaking app, including its enhanced and overseas versions |
| Cause | To improve productivity by consolidating management resources. Part of the receivables will be waived to eliminate Koiniwa's negative net worth before the merger. |
| Amount of Impact on Business Performance | The receivables waiver is scheduled to total ¥1,700 million. Of this amount, ¥1,168 million has already been covered by an allowance for loans to affiliated companies, and the difference of ¥531 million is expected to be recorded as an extraordinary loss in the standalone financial statements. The amount will be eliminated on consolidation, so there will be no impact on consolidated results. |
| Impact on Earnings Forecast | No revision to the earnings forecast has been specified. The impact on the Company's consolidated results is immaterial. |
| Suspended operations | No suspension of operations has been disclosed. The “Koiniwa” service will continue to be provided. |
| Outlook | The waiver of receivables is scheduled for 30 June 2026, and the absorption-type merger is scheduled for 1 July 2026, with the Company as the surviving entity. The Company will assume the operations related to “Koiniwa,” continue providing the service, and work on developing its enhanced and overseas versions. |
Items this document does not state (15)
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.To consolidate management resources and improve productivity. The receivables will be waived to eliminate Koiniwa's negative net worth before the merger.