Decision and Details
Prior disclosure document relating to the merger by absorption
Because 文正商事 is a wholly owned subsidiary of the company
Following the merger, the company's assets are expected to substantially exceed its liabilities, and no circumstances are currently anticipated that would impede the performance of obligations. Impact on earnings forecasts: Not disclosed
| Item | Details |
|---|---|
| Matter Covered | Prior disclosure document relating to the merger by absorption |
| Decision Date | 31 October 2025 (date the merger agreement was executed) |
| Implementation Date | 1 July 2026 (scheduled effective date) |
| Amount | No shares or other monetary consideration will be delivered. Stated capital and capital reserves will not increase. 文正商事's fiscal year ended December 2025 revenue was ¥1,298.666 million, operating profit was ¥100.599 million and net income was ¥100.509 million. |
| Quantity / scale | 文正商事 shares: 8,000; voting rights ownership ratio: 100.0%; employees: 16 |
| Impact on Business Performance | Following the merger, the company's assets are expected to substantially exceed its liabilities, and no circumstances are currently anticipated that would impede the performance of obligations. Impact on earnings forecasts: Not disclosed |
| Reason | Because 文正商事 is a wholly owned subsidiary of the company |
| Governing Rule | Companies Act, Article 794, Paragraph 1; Ordinance for Enforcement of the Companies Act, Article 191; Companies Act, Article 749, Paragraph 1, Items 2 through 5 |
| Related previous disclosures | Merger agreement by absorption dated 31 October 2025 (title: Not disclosed) |
| Future plans | The merger by absorption is scheduled to take effect on 1 July 2026. The companies will proceed with understanding business processes, providing operational training and preparing for integration to ensure smooth business operations after the merger. |
Items this document does not state (2)
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.Because 文正商事株式会社 is a wholly owned subsidiary of Chugoku Marine Paints,Ltd., no shares or other monetary consideration will be delivered, and stated capital and capital reserves will not increase. The company also states that, at present, no circumstances are anticipated that would impede the performance of obligations after the merger.