Decision and Details
The absorption-type merger procedure in which Geniee,Inc. will be the surviving company and CATS株式会社 will be the absorbed company
As CATS株式会社 is a wholly owned subsidiary of Geniee,Inc., no merger consideration will be issued. Following the merger, assets are expected to exceed liabilities, and no situation that would hinder the performance of obligations is currently anticipated
Following the merger, Geniee,Inc.'s assets are expected to exceed its liabilities, and no situation that would hinder the performance of its obligations is currently anticipated. The impact on the earnings forecast is Not disclosed
| Item | Details |
|---|---|
| Matter Covered | The absorption-type merger procedure in which Geniee,Inc. will be the surviving company and CATS株式会社 will be the absorbed company |
| Decision Date | 2 June 2026 (date of execution of the merger agreement) |
| Implementation Date | Scheduled for 1 October 2026 (effective date of the absorption-type merger) |
| Amount | Merger consideration: none; CATS株式会社's net sales of ¥724.846 million, operating profit of ¥296.948 million, net income of ¥191.206 million, total assets of ¥719.619 million, liabilities of ¥243.548 million and net assets of ¥476.071 million for the period from 1 April 2025 to 31 March 2026 |
| Quantity / scale | 200 issued common shares of CATS株式会社, 1 shareholder, a 100% voting rights ratio held by Geniee,Inc., and 16 employees (excluding 18 employees assigned to CATS株式会社 from other entities) |
| Impact on Business Performance | Following the merger, Geniee,Inc.'s assets are expected to exceed its liabilities, and no situation that would hinder the performance of its obligations is currently anticipated. The impact on the earnings forecast is Not disclosed |
| Reason | As CATS株式会社 is a wholly owned subsidiary of Geniee,Inc., no merger consideration will be issued. Following the merger, assets are expected to exceed liabilities, and no situation that would hinder the performance of obligations is currently anticipated |
| Governing Rule | Article 794, paragraph 1 of the Companies Act and Article 191 of the Ordinance for Enforcement of the Companies Act |
| Future plans | The absorption-type merger is scheduled to become effective on 1 October 2026. If any changes arise in the matters stated after the date on which this document is made available for inspection, the amended content will be presented |
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 CATS株式会社 is a wholly owned subsidiary of Geniee,Inc., it has been determined that it is appropriate not to issue merger consideration. It is also stated that, after the effective date, Geniee's assets are expected to continue to exceed its liabilities and no situation that would hinder the performance of its obligations is currently anticipated.