Yoshicon (5280) · InitiativeFirst stated

Absorption-Type Company Split of the Design Supervision and Building Construction Contracting Business into YCK Co., Ltd.

First written in FY2021. . Latest entry: FY2021.

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Establishing a specialist subsidiary through the spin-off of the construction business and developing a structure for business expansionA theme 4 companies write about · 0 as a headwind · 3 as a tailwind

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FY2021First statedAnnual report
「Under the absorption-type company split agreement, the absorption-type company split was carried out on 26 June 2021. Through this split, we will concentrate the Company's resources on real estate development businesses, including residential land development, corporate attraction and redevelopment, and improve Group-wide corporate value by consolidating this business within YCK.」
Under an agreement executed on 20 May 2021, the design supervision and building construction contracting business was transferred to the wholly owned subsidiary YCK Co., Ltd. on 26 June.

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