Worth reading
70In focus
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Neutral
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Conditional
How definitive the wording is.Decision and Details
IID,Inc.'s annual general meeting of shareholders scheduled for 29 September 2026 (approval resolution planned); Sun Smile Co., Ltd. qualifies for a simplified merger under Article 784, Paragraph 1 of the Companies ActAn absorption-type merger in which IID,Inc. is the surviving company and Sun Smile Co., Ltd. is the disappearing company
Decision21 August 2026 (date the absorption-type merger agreement was executed)
Period CoveredOn and after 1 November 2026
Implementation1 November 2026 (effective date, planned; subject to change following consultation as necessary)
Going forwardAn approval resolution is planned at IID,Inc.'s annual general meeting of shareholders on 29 September 2026, and the merger is scheduled to take effect on 1 November 2026. Any changes arising after the start date of the pre-merger disclosure will be disclosed immediately.
AmountMerger consideration: none; stated capital, capital reserves and retained earnings reserves: no increase
Quantity / scaleAll shares of Sun Smile Co., Ltd. (held by IID,Inc.)
Reason
As this is a merger between a wholly owned parent and its subsidiary, no merger consideration will be issued in this merger. Other reasons for the merger are Not disclosed.
Impact on Business Performance
Following the effective date of the merger, IID,Inc.'s assets are expected to substantially exceed its liabilities, and no situation that would impede the performance of its obligations is currently anticipated. The specific amount of the impact of the merger on results is Not disclosed.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type merger in which IID,Inc. is the surviving company and Sun Smile Co., Ltd. is the disappearing company |
| Decision-Making Body | IID,Inc.'s annual general meeting of shareholders scheduled for 29 September 2026 (approval resolution planned); Sun Smile Co., Ltd. qualifies for a simplified merger under Article 784, Paragraph 1 of the Companies Act |
| Decision Date | 21 August 2026 (date the absorption-type merger agreement was executed) |
| Implementation Date | 1 November 2026 (effective date, planned; subject to change following consultation as necessary) |
| Period Covered | On and after 1 November 2026 |
| Amount | Merger consideration: none; stated capital, capital reserves and retained earnings reserves: no increase |
| Quantity / scale | All shares of Sun Smile Co., Ltd. (held by IID,Inc.) |
| Impact on Business Performance | Following the effective date of the merger, IID,Inc.'s assets are expected to substantially exceed its liabilities, and no situation that would impede the performance of its obligations is currently anticipated. The specific amount of the impact of the merger on results is Not disclosed. |
| Reason | As this is a merger between a wholly owned parent and its subsidiary, no merger consideration will be issued in this merger. Other reasons for the merger are Not disclosed. |
| Governing Rule | Article 794, Paragraph 1 of the Companies Act; Article 782, Paragraph 1 of the Companies Act; Article 191 of the Ordinance for Enforcement of the Companies Act; Article 182 of the Ordinance for Enforcement of the Companies Act; Article 784, Paragraph 1 of the Companies Act |
| Related previous disclosures | Absorption-type merger agreement executed on 21 August 2026 |
| Future plans | An approval resolution is planned at IID,Inc.'s annual general meeting of shareholders on 29 September 2026, and the merger is scheduled to take effect on 1 November 2026. Any changes arising after the start date of the pre-merger disclosure will be disclosed immediately. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As this is a merger between a wholly owned parent and its subsidiary, no merger consideration will be issued. No business-related reason for the merger is expressly stated in the document.
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