Worth reading
58In focus
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
154109
¥ million (net sales of the business being split for the fiscal year ending March 2026)Wording
Conditional
How definitive the wording is.This transaction
Absorption-type company split in questionCounterpartyUNITED ARROWS LTD. (new UNITED ARROWS company; successor company in the absorption-type company split)
Disclosing companyTABAYA HOLDINGS Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Planning, procurement and sale of menswear, womenswear, sundries and other products
Location Shibuya, TokyoShare capital ¥3,030 millionDate of incorporation 2 October 1989
Net Sales¥154,109 million (fiscal year ending March 2026)
Operating profit¥9,510 million (fiscal year ending March 2026)
Net income for the current fiscal year¥6,136 million (fiscal year ending March 2026)
Net assets¥42,158 million (fiscal year ending March 2026)
Consideration and expenses
Type of ConsiderationShares (the successor company in the absorption-type company split will issue 2,000 ordinary shares and allot and deliver them to the Company)
Impact on Business Performance
The impact on the Company's results is immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionApproval at the Company's ordinary general meeting of shareholders scheduled for 22 June 2026
Management structure after acquisitionThe Company is scheduled to change its corporate name to 株式会社 TABAYA ホールディングス on 1 October 2026 and become a holding company responsible for management and other oversight of the business activities of group companies. The representative of the successor company will be Representative Director and President Matsuzaki Yoshinori (松崎善則), and its business will comprise the planning, procurement and sale of men's and women's clothing, miscellaneous goods and other products. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Absorption-type company split in question |
| Counterparty name | UNITED ARROWS LTD. (new UNITED ARROWS company; successor company in the absorption-type company split) |
| Name of the Subject Company | UNITED ARROWS LTD. (split company) |
| Business Description of the Subject Company | Planning, procurement and sale of menswear, womenswear, sundries and other products |
| Location of the Subject Company | Shibuya, Tokyo |
| Capital Stock of the Subject Company | ¥3,030 million |
| Date of Establishment of the Subject Company | 2 October 1989 |
| Net Sales of the Subject Company | ¥154,109 million (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | ¥9,510 million (fiscal year ending March 2026) |
| Net Income of the Subject Company | ¥6,136 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥42,158 million (fiscal year ending March 2026) |
| Type of Consideration | Shares (the successor company in the absorption-type company split will issue 2,000 ordinary shares and allot and deliver them to the Company) |
| Number of shares acquired | 2,000 ordinary shares (number of voting rights: Not disclosed) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact on the Company's results is immaterial. |
| Date of board resolution | 11 May 2026 |
| Contract Date | 11 May 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Conditions Precedent to Execution | Approval at the Company's ordinary general meeting of shareholders scheduled for 22 June 2026 |
| Management structure after acquisition | The Company is scheduled to change its corporate name to 株式会社 TABAYA ホールディングス on 1 October 2026 and become a holding company responsible for management and other oversight of the business activities of group companies. The representative of the successor company will be Representative Director and President Matsuzaki Yoshinori (松崎善則), and its business will comprise the planning, procurement and sale of men's and women's clothing, miscellaneous goods and other products. Employee treatment: Not disclosed |
Items this document does not state (12)
Acquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
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.To achieve its long-term vision, the Company will transition to a holding company structure that enables flexible and agile management decisions, in order to pursue expansion beyond apparel and broaden its customer base in addition to growing its existing fashion business. The holding company aims to diversify its operations, including through M&A, enhance group management, strengthen governance, and increase the autonomy of its subsidiaries.
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