Decision and Details
The Board of Directors of 株式会社I-ne and the representative director of 株式会社EndeavourAn absorption-type merger in which 株式会社I-ne is the surviving company and 株式会社Endeavour is the absorbed company
Because this was a merger without consideration between a wholly owned parent company and its wholly owned subsidiary
Following the merger, I-ne's assets are expected to substantially exceed its liabilities, and no circumstances that would hinder the performance of its obligations are currently anticipated. The impact on results attributable to the merger itself is Not disclosed
| Item | Details |
|---|---|
| Matter Covered | An absorption-type merger in which 株式会社I-ne is the surviving company and 株式会社Endeavour is the absorbed company |
| Decision-Making Body | The Board of Directors of 株式会社I-ne and the representative director of 株式会社Endeavour |
| Decision Date | 22 October 2025 (date of execution of the merger agreement); 19 November 2025 (date of execution of the amendment memorandum) |
| Implementation Date | 1 June 2026 (effective date; actual) |
| Period Covered | From 1 June 2026 onward |
| Amount | Merger consideration: none; claim for repayment of loans: all of the outstanding balance as of 31 May 2026 was waived; Endeavour's fiscal 2024 net sales: ¥248.630 million, operating loss: ¥443.052 million, ordinary loss: ¥443.024 million, net loss: ¥443.734 million |
| Quantity / scale | Endeavour had 40,800 issued shares, 1 shareholder, a 100.0% ownership interest and 6 employees |
| Impact on Business Performance | Following the merger, I-ne's assets are expected to substantially exceed its liabilities, and no circumstances that would hinder the performance of its obligations are currently anticipated. The impact on results attributable to the merger itself is Not disclosed |
| Reason | Because this was a merger without consideration between a wholly owned parent company and its wholly owned subsidiary |
| Governing Rule | Article 801, Paragraph 1 of the Companies Act; Article 200 of the Ordinance for Enforcement of the Companies Act; Article 784, Paragraph 1; Article 796, Paragraph 2; Article 789; Article 799; and Article 921 of the Companies Act |
| Related previous disclosures | “Prior Disclosure Document Relating to the Absorption-Type Merger” dated 22 October 2025; “Additional Prior Disclosure Document Relating to the Absorption-Type Merger” dated 19 November 2025 |
| Future plans | The company plans to register the change under Article 921 of the Companies Act within 2 weeks of 1 June 2026 |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The document states that this was a merger without consideration between a wholly owned parent company and its wholly owned subsidiary, and that it constitutes post-merger disclosure under the Companies Act.