Decision and Details
Advance disclosure matters relating to the absorption-type merger
As the merger will take place between a wholly owned parent company and its wholly owned subsidiary, no share allotment or other consideration will be delivered.
No circumstances that could currently hinder the performance of obligations after the merger are expected, and it has been determined that the obligations are expected to be performed.
| Item | Details |
|---|---|
| Matter Covered | Advance disclosure matters relating to the absorption-type merger |
| Decision Date | 17 April 2026 (date of execution of the absorption-type merger agreement) |
| Implementation Date | 1 June 2026 (scheduled effective date) |
| Amount | Merger consideration: none (without consideration) |
| Impact on Business Performance | No circumstances that could currently hinder the performance of obligations after the merger are expected, and it has been determined that the obligations are expected to be performed. |
| Reason | As the merger will take place between a wholly owned parent company and its wholly owned subsidiary, no share allotment or other consideration will be delivered. |
| Governing Rule | 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; Article 796, paragraph 2 of the Companies Act; Article 784, paragraph 1 of the Companies Act; Financial Instruments and Exchange Act |
| Future plans | The absorption-type merger is scheduled to take effect on 1 June 2026. If any of the disclosed matters change after the start date of the pre-merger disclosure period, the revised matters will be disclosed immediately. |
Items this document does not state (4)
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.The document states that the merger is between a wholly owned parent company and its wholly owned subsidiary and qualifies as both a simplified merger and a short-form merger under the Companies Act, but does not state the business purpose or rationale for the merger.