Decision and Details
An absorption-type company split under which the rights and obligations relating to the plant business operated by our company will be transferred to the plant business split preparation company
To split the plant business and transfer it to the wholly owned subsidiary, the plant business split preparation company. It was deemed appropriate not to deliver consideration for the split because that company is our wholly owned subsidiary.
Following this absorption-type company split, assets are expected to exceed liabilities at both our company and the plant business split preparation company, and each is considered likely to perform its obligations. The specific impact on results is Not disclosed.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type company split under which the rights and obligations relating to the plant business operated by our company will be transferred to the plant business split preparation company |
| Decision Date | 15 May 2026 (date of execution of the absorption-type company split agreement) |
| Implementation Date | 1 April 2027 (scheduled; effective date) |
| Amount | Cash and deposits of ¥100 million, capital of ¥100 million, total assets of ¥100 million, total liabilities of nil, and total net assets of ¥100 million as of the incorporation date of the successor company |
| Impact on Business Performance | Following this absorption-type company split, assets are expected to exceed liabilities at both our company and the plant business split preparation company, and each is considered likely to perform its obligations. The specific impact on results is Not disclosed. |
| Reason | To split the plant business and transfer it to the wholly owned subsidiary, the plant business split preparation company. It was deemed appropriate not to deliver consideration for the split because that company is our wholly owned subsidiary. |
| Governing Rule | Article 782, Paragraph 1 of the Companies Act; Article 183 of the Ordinance for Enforcement of the Companies Act; and Article 758, Items 4 and 8 of the Companies Act |
| Future plans | The absorption-type company split is scheduled to become effective on 1 April 2027. |
Items this document does not state (4)
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 successor company is our wholly owned subsidiary, and it was deemed appropriate not to deliver shares, cash or other consideration. In addition, assets are expected to exceed liabilities at both companies after the split, and no material changes that would hinder the performance of obligations are currently anticipated.