Worth reading
77Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
1700
¥ millionWording
Definitive
How definitive the wording is.Decision and Details
The boards of directors of Bank of Innovation,Inc. and 株式会社KoiniwaAbsorption-type merger with 株式会社Koiniwa
Decision24 March 2026
Period CoveredOn or after 1 July 2026
Implementation1 July 2026 (actual implementation date and effective date)
Going forwardThe company plans to promptly file the application for registration of the changes on or after 1 July 2026.
AmountLong-term loans to an affiliated company: ¥1,700 million; special loss: ¥531 million (expected to be recognized in the surviving company’s standalone financial statements)
Quantity / scaleNo applicable matters.
Reason
Because this was a merger without consideration between a wholly owned parent company and its subsidiary, and is expected to eliminate Koiniwa’s excess liabilities.
Impact on Business Performance
The surviving company is expected to recognize the difference of ¥531 million as a special loss in its standalone financial statements. No impact on consolidated results is stated.
| Item | Details |
|---|---|
| Matter Covered | Absorption-type merger with 株式会社Koiniwa |
| Decision-Making Body | The boards of directors of Bank of Innovation,Inc. and 株式会社Koiniwa |
| Decision Date | 24 March 2026 |
| Implementation Date | 1 July 2026 (actual implementation date and effective date) |
| Period Covered | On or after 1 July 2026 |
| Amount | Long-term loans to an affiliated company: ¥1,700 million; special loss: ¥531 million (expected to be recognized in the surviving company’s standalone financial statements) |
| Quantity / scale | No applicable matters. |
| Impact on Business Performance | The surviving company is expected to recognize the difference of ¥531 million as a special loss in its standalone financial statements. No impact on consolidated results is stated. |
| Reason | Because this was a merger without consideration between a wholly owned parent company and its subsidiary, and is expected to eliminate Koiniwa’s excess liabilities. |
| Governing Rule | Article 801, Paragraph 1 of the Companies Act; Article 200 of the Ordinance for Enforcement of the Companies Act; Article 796, Paragraph 2 of the Companies Act; Article 794, Paragraph 1 of the Companies Act; Article 191 of the Ordinance for Enforcement of the Companies Act; Article 782, Paragraph 1 of the Companies Act; Article 182 of the Ordinance for Enforcement of the Companies Act; and Article 784, Paragraph 1 of the Companies Act |
| Related previous disclosures | “Advance Disclosure Document Concerning the Absorption-Type Merger” dated 24 March 2026 |
| Future plans | The company plans to promptly file the application for registration of the changes on or after 1 July 2026. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The document states that this was a merger between a wholly owned parent company and its subsidiary, intended to eliminate Koiniwa’s excess liabilities and enable the surviving company to assume Koiniwa’s rights and obligations through the merger.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.