Komori
M&A and Subsidiary Changes6629TECHNO HORIZON CO.,LTD.Electrical Equipment and Precision Instruments

Notice Regarding the Reorganization of a Subsidiary (Absorption-Type Merger) and Change of Corporate Name

ウェルダンシステム株式会社, our wholly owned subsidiary, will absorb the other 3 companies in an absorption-type merger, with ウェルダンシステム株式会社 as the surviving company. Following the merger, the surviving company's corporate name will be changed to “ELMO X Co., Ltd.” No new shares will be issued and no merger consideration will be paid.

Worth reading
33Immaterial
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
Conditional
How definitive the wording is.

No category-specific facts could be extracted from this document.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To reorganize the subsidiaries and improve the efficiency and effectiveness of customer services and operations across the Group. The reorganization is also intended to create a faster, more efficient organization through more efficient administrative operations and the effective utilization of human resources.

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.
Notice Regarding the Reorganization of a Subsidiary (Absorption-Type Merger) and Change of Corporate Name | TECHNO HORIZON CO.,LTD. (6629) timely disclosure | Komori