Decision and Details
Absorption-Type Merger
Because the merger will take place between a wholly owned parent company and its wholly owned subsidiary, no shares or other consideration will be allotted or delivered. The specific reasons and background for the merger have not been disclosed.
No circumstances are currently anticipated that would impede the performance of obligations in connection with the earnings or cash-flow position after the merger takes effect. The company has determined that the obligations are expected to be performed after the merger.
| Item | Details |
|---|---|
| Matter Covered | Absorption-Type Merger |
| Decision Date | 17 April 2026 (date the absorption-type merger agreement was executed) |
| Implementation Date | 1 June 2026 (scheduled effective date) |
| Amount | Merger consideration: none (without consideration) |
| Impact on Business Performance | No circumstances are currently anticipated that would impede the performance of obligations in connection with the earnings or cash-flow position after the merger takes effect. The company has determined that the obligations are expected to be performed after the merger. |
| Reason | Because the merger will take place between a wholly owned parent company and its wholly owned subsidiary, no shares or other consideration will be allotted or delivered. The specific reasons and background for the merger have not been disclosed. |
| Governing Rule | Companies Act, Article 794(1); Ordinance for Enforcement of the Companies Act, Article 191; Companies Act, Article 782(1); Ordinance for Enforcement of the Companies Act, Article 182; Companies Act, Article 796(2); Companies Act, Article 784(1); Financial Instruments and Exchange Act; EDINET |
| Future plans | The merger is scheduled to take effect on 1 June 2026. If any changes arise to the disclosed matters after the start date of the prior disclosure period, the amended 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 disclosure states that this is a merger without consideration between a wholly owned parent company and its wholly owned subsidiary, but does not state the specific purpose or background of the merger.