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Statutory disclosure document4521KAKEN PHARMACEUTICAL CO.,LTD.Pharmaceuticals

Statutory pre-merger disclosure document (merger) (ARTham Therapeutics株式会社)

科研製薬 entered into an agreement to absorb its wholly owned subsidiary ARTham Therapeutics株式会社. The merger is scheduled to take effect on 31 December 2026, with no consideration to be delivered to ARTham’s shareholders or holders of stock acquisition rights.

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Decision and Details

Prior disclosure relating to the absorption-type merger

Decision9 November 2026 (date the absorption merger agreement was signed)
Implementation31 December 2026 (scheduled effective date of the absorption merger)
Going forwardThe merger is scheduled to take effect on 31 December 2026.
AmountARTham’s final fiscal year (1 April 2025 to 31 March 2026): revenue ¥0, net loss ¥17,103,246, total assets ¥101,878,906, net assets ¥100,739,596
Quantity / scaleARTham’s issued shares: 305,487; 100% held by 科研製薬; employees: 2
Reason

Because 科研製薬 holds all issued shares of each class of ARTham shares, excluding treasury shares, no shares, cash or other consideration will be delivered. Because only 科研製薬 and ARTham hold ARTham’s stock acquisition rights, no stock acquisition rights, cash or other consideration will be delivered.

Impact on Business Performance

Following the merger, 科研製薬’s assets are expected to substantially exceed its liabilities, and no circumstances that would impede the performance of its obligations are currently anticipated.

Decision and Details
ItemDetails
Matter CoveredPrior disclosure relating to the absorption-type merger
Decision Date9 November 2026 (date the absorption merger agreement was signed)
Implementation Date31 December 2026 (scheduled effective date of the absorption merger)
AmountARTham’s final fiscal year (1 April 2025 to 31 March 2026): revenue ¥0, net loss ¥17,103,246, total assets ¥101,878,906, net assets ¥100,739,596
Quantity / scaleARTham’s issued shares: 305,487; 100% held by 科研製薬; employees: 2
Impact on Business PerformanceFollowing the merger, 科研製薬’s assets are expected to substantially exceed its liabilities, and no circumstances that would impede the performance of its obligations are currently anticipated.
ReasonBecause 科研製薬 holds all issued shares of each class of ARTham shares, excluding treasury shares, no shares, cash or other consideration will be delivered. Because only 科研製薬 and ARTham hold ARTham’s stock acquisition rights, no stock acquisition rights, cash or other consideration will be delivered.
Governing RuleCompanies Act, Article 794, paragraph 1; Companies Act, Article 749, paragraph 1, items 2, 3, 4 and 5; Ordinance for Enforcement of the Companies Act, Article 191, items 1, 2, 3, 5, 6 and 7
Related previous disclosuresResolution approving the absorption merger of Aadi Bioscience, Inc. and KAKEN INVESTMENTS INC. at the board meeting held on 29 October 2026
Future plansThe merger is scheduled to take effect on 31 December 2026.
Items this document does not state (2)
Decision-Making BodyPeriod Covered

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.

科研製薬 holds all of ARTham’s issued shares, while only 科研製薬 and ARTham hold stock acquisition rights. Accordingly, it has determined that not delivering consideration is appropriate.

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Statutory pre-merger disclosure document (merger) (ARTham Therapeutics株式会社) | KAKEN PHARMACEUTICAL CO.,LTD. (4521) timely disclosure | Komori