Decision and Details
Absorption-type company split under which the rights and obligations relating to the logistics business will be succeeded by トーヨーカネツ物流事業分割準備株式会社 (the absorption-type company split)
As トーヨーカネツ物流事業分割準備株式会社 is our wholly owned subsidiary, it was deemed appropriate not to deliver shares or other monetary consideration.
After the absorption-type company split, assets are expected to exceed liabilities at both our company and トーヨーカネツ物流事業分割準備株式会社, and no material changes that could hinder the performance of their obligations are currently anticipated.
| Item | Details |
|---|---|
| Matter Covered | Absorption-type company split under which the rights and obligations relating to the logistics business will be succeeded by トーヨーカネツ物流事業分割準備株式会社 (the absorption-type company split) |
| Decision Date | 15 May 2026 (date of execution of the absorption-type company split agreement) |
| Implementation Date | 1 April 2027 (scheduled; effective date) |
| Amount | Balance sheet as of the date of incorporation of the successor company: total assets, ¥100 million; cash and deposits, ¥100 million; stated capital, ¥100 million; total net assets, ¥100 million. Consideration for the absorption-type company split: none |
| Impact on Business Performance | After the absorption-type company split, assets are expected to exceed liabilities at both our company and トーヨーカネツ物流事業分割準備株式会社, and no material changes that could hinder the performance of their obligations are currently anticipated. |
| Reason | As トーヨーカネツ物流事業分割準備株式会社 is our wholly owned subsidiary, it was deemed appropriate not to deliver shares or other monetary consideration. |
| Governing Rule | Companies Act, Article 782, paragraph 1; Ordinance for Enforcement of the Companies Act, Article 183; Companies Act, Article 758, item 4; Companies Act, Article 758, item 8 |
| Future plans | The absorption-type company split will become effective on 1 April 2027 (scheduled). |
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.As トーヨーカネツ物流事業分割準備株式会社 is our wholly owned subsidiary, it was deemed appropriate not to pay consideration. It also states that, after the absorption-type company split, assets are expected to exceed liabilities at both companies and no material changes that could hinder the performance of their obligations are currently anticipated.