Transition to a Holding Company Structure through a Company Split

「At a meeting of the Board of Directors held on 4 June 2021, we resolved to conduct an absorption-type merger in which 株式会社ライドオンエクスプレス, our wholly owned subsidiary, would be the surviving company and 株式会社ライドオンデマンド the absorbed company, and the 2 companies were merged effective 1 April 2022.」

「In October 2017, to build an “on-demand platform” centered on providing services on demand, meaning providing services immediately in response to customer requests, we transitioned to a holding company structure and changed our corporate name to RIDE ON EXPRESS HOLDINGS Co.,Ltd.」

「Effective 2 October 2017, we transitioned to a holding company structure by separating, through incorporation-type company splits, our delivery businesses into 2 companies: the delivery business covering the franchise headquarters functions and directly operated stores outside the Tokyo metropolitan area, and the delivery business covering directly operated stores in the Tokyo metropolitan area and delivery agency operations, with the businesses transferred to the newly established companies.」

「To enhance corporate value by building an “on-demand platform,” and to advance consideration of developing new business formats and pursuing M&A in preparation for future service expansion, we determined that it was necessary to establish an organizational structure capable of making decisions and executing businesses more quickly than before and responding flexibly to changes in the market environment. We therefore decided to transition to a holding company structure. Date of incorporation-type company split: 2 October 2017 (scheduled).」