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M&A and Subsidiary Changes7681LEOCLAN Co.,Ltd.Trading & Wholesale

Notice Regarding the Absorption-Type Merger of a Wholly Owned Subsidiary (Simplified Merger / Abbreviated Merger)

The Company has decided to absorb Fasukia Holdings Co., Ltd., its wholly owned subsidiary, through a merger and dissolve the subsidiary. The effective date is scheduled for 1 October 2026. No shares or cash will be allocated as merger consideration.

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This transaction

This merger
Counterparty (target company)ファスキアホールディングス株式会社
Disclosing companyLEOCLAN Co.,Ltd.
Subject of this transactionVoting rights ownership percentage Before 100.00% (as of 31 March 2026) (after not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company

Management of Group companies

Location Meito-ku, Nagoya, Aichi PrefectureShare capital ¥90 millionDate of incorporation 17 March 1988
Net Sales¥635.936 million (fiscal year ended August 2025)
Operating profit¥356.940 million (fiscal year ended August 2025)
Net income for the current fiscal year¥476.179 million (fiscal year ended August 2025)
Net assets¥3,444.108 million (fiscal year ended August 2025)
Consideration and expenses
Acquisition priceNo shares or other monetary consideration will be allocated. No acquisition price is stated.
Type of ConsiderationNo consideration (no shares or other monetary consideration allocated)
Merger ratio/share exchange ratioNot applicable (no shares or other monetary consideration will be allocated)
Impact on Business Performance

The impact on the Company's consolidated results will be immaterial.

Procedures and assumptions
Conditions Precedent to ExecutionAs this merger qualifies as a simplified merger and a short-form merger, no shareholders' meeting will be held regarding the merger agreement.
Management structure after acquisitionThere will be no changes to the Company's corporate name, location, title or name of its representative, business activities, capital or fiscal year-end. ファスキアホールディングス株式会社 will be dissolved.
This transaction
ItemDetails
Transaction nameThis merger
Counterparty nameファスキアホールディングス株式会社
Name of the Subject Companyファスキアホールディングス株式会社
Business Description of the Subject CompanyManagement of Group companies
Location of the Subject CompanyMeito-ku, Nagoya, Aichi Prefecture
Capital Stock of the Subject Company¥90 million
Date of Establishment of the Subject Company17 March 1988
Net Sales of the Subject Company¥635.936 million (fiscal year ended August 2025)
Operating Profit of the Subject Company¥356.940 million (fiscal year ended August 2025)
Net Income of the Subject Company¥476.179 million (fiscal year ended August 2025)
Net Assets of the Subject Company¥3,444.108 million (fiscal year ended August 2025)
Acquisition priceNo shares or other monetary consideration will be allocated. No acquisition price is stated.
Type of ConsiderationNo consideration (no shares or other monetary consideration allocated)
Merger ratio/share exchange ratioNot applicable (no shares or other monetary consideration will be allocated)
Voting rights ownership percentageBefore 100.00% (as of 31 March 2026) (after not disclosed)
Impact on Business PerformanceThe impact on the Company's consolidated results will be immaterial.
Date of board resolution15 May 2026
Contract Date13 July 2026 (scheduled)
Execution Date / Effective Date1 October 2026 (予定)
Conditions Precedent to ExecutionAs this merger qualifies as a simplified merger and a short-form merger, no shareholders' meeting will be held regarding the merger agreement.
Management structure after acquisitionThere will be no changes to the Company's corporate name, location, title or name of its representative, business activities, capital or fiscal year-end. ファスキアホールディングス株式会社 will be dissolved.
Items this document does not state (11)
Expenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding 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.

The merger is intended to consolidate the Group's management resources and integrate its business operations to improve management efficiency.

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Notice Regarding the Absorption-Type Merger of a Wholly Owned Subsidiary (Simplified Merger / Abbreviated Merger) | LEOCLAN Co.,Ltd. (7681) timely disclosure | Komori