Decision and Details
Boards of Directors of INFONET inc. and 株式会社撮影ティブAbsorption-Type Merger
As the surviving company and the disappearing company in the absorption-type merger are in a wholly owned parent-subsidiary relationship, no shares or other monetary consideration will be delivered. Other reasons are not disclosed.
No specific impact on earnings or financial position from the merger is disclosed. The disclosure states that, at present, no circumstances are anticipated that would hinder the surviving company in the absorption-type merger from performing its obligations after the merger.
| Item | Details |
|---|---|
| Matter Covered | Absorption-Type Merger |
| Decision-Making Body | Boards of Directors of INFONET inc. and 株式会社撮影ティブ |
| Decision Date | INFONET inc.: 14 April 2026; 株式会社撮影ティブ: 31 March 2026 |
| Implementation Date | 1 July 2026 (effective date; completed) |
| Period Covered | From 1 July 2026 onward (from the effective date onward) |
| Amount | Total assets of the disappearing company in the absorption-type merger: ¥24,572,178; total liabilities: ¥15,848,970; total net assets: ¥8,723,208; net sales: ¥41,757,969; net income: ¥5,191,249 (all as of 31 March 2026 or for the fiscal year ended 31 March 2026) |
| Quantity / scale | Issued shares: 200 |
| Impact on Business Performance | No specific impact on earnings or financial position from the merger is disclosed. The disclosure states that, at present, no circumstances are anticipated that would hinder the surviving company in the absorption-type merger from performing its obligations after the merger. |
| Reason | As the surviving company and the disappearing company in the absorption-type merger are in a wholly owned parent-subsidiary relationship, no shares or other monetary consideration will be delivered. Other reasons are not disclosed. |
| Governing Rule | Article 801, Paragraph 1 of the Companies Act; Article 200 of the Ordinance for Enforcement of the Companies Act; Article 789 of the Companies Act; Article 797, Paragraph 4 of the Companies Act; Article 799 of the Companies Act; Article 921 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; EDINET under the Financial Instruments and Exchange Act |
| Related previous disclosures | “Pre-Merger Disclosure Document Concerning the Absorption-Type Merger” dated 21 May 2026 |
| Future plans | The change registration under Article 921 of the Companies Act (merger registration) is scheduled to be completed within 2 weeks from 1 July 2026. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As the companies are in a wholly owned parent-subsidiary relationship, no shares or other monetary consideration will be delivered as merger consideration. No other reason for the merger is stated.