Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Decision and Details
An 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)
Implementation1 November 2026 (effective date; actual)
Going forwardAn application for registration of the changes under Article 921 of the Companies Act was filed on 4 November 2026
AmountMerger consideration: none; IID’s stated capital, capital reserve and legal reserve: no increase
Quantity / scaleIID assumed all of Sun Smile’s assets, liabilities and other rights and obligations; Sun Smile is IID’s wholly owned subsidiary
Reason
As this was a merger between a wholly owned parent and its subsidiary, no merger consideration was paid. The business rationale for the merger 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 Date | 21 August 2026 (date the absorption-type merger agreement was executed) |
| Implementation Date | 1 November 2026 (effective date; actual) |
| Amount | Merger consideration: none; IID’s stated capital, capital reserve and legal reserve: no increase |
| Quantity / scale | IID assumed all of Sun Smile’s assets, liabilities and other rights and obligations; Sun Smile is IID’s wholly owned subsidiary |
| Reason | As this was a merger between a wholly owned parent and its subsidiary, no merger consideration was paid. The business rationale for the merger is Not disclosed |
| Governing Rule | Companies Act, Article 801(1); Companies Act Enforcement Regulations, Article 200; Companies Act, Article 789; Articles 796-2, 797, 799 and 921 |
| Related previous disclosures | “Matters Subject to Prior Disclosure Relating to an Absorption-Type Merger,” dated 14 September 2026 |
| Future plans | An application for registration of the changes under Article 921 of the Companies Act was filed on 4 November 2026 |
Items this document does not state (3)
Decision-Making BodyPeriod CoveredImpact on Business Performance
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 this was a merger between a wholly owned parent and its subsidiary, under which IID assumed all of Sun Smile’s assets, liabilities and other rights and obligations. The business purpose or rationale for the merger is not expressly stated in this post-merger disclosure document.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.