Decision and Details
Board of DirectorsIncorporation-type company split based on an incorporation-type company split plan
The Company determined that the number of shares to be allotted and the amounts of stated capital and capital reserves were appropriate, taking into consideration the assets and other items associated with the business succession, future business activities and other relevant circumstances.
Not stated. No event applies that would materially affect the Company's financial position. The Company has determined that the Company and the newly established company are expected to be able to perform their obligations after the effective date.
| Item | Details |
|---|---|
| Matter Covered | Incorporation-type company split based on an incorporation-type company split plan |
| Decision-Making Body | Board of Directors |
| Decision Date | 28 May 2026 |
| Implementation Date | 1 October 2026 (scheduled; effective date of the company split and date of registration of the incorporation of the newly established company) |
| Period Covered | On or after 1 October 2026 (after the effective date) |
| Amount | Stated capital at incorporation: ¥90,000,000; capital reserve at incorporation: ¥90,000,000; retained earnings reserve at incorporation: ¥0 |
| Quantity / scale | The newly established company will issue 1,000 common shares, all of which will be allotted and delivered to the Company. The newly established company will assume the assets, liabilities, employment agreements, contractual positions, permits and licenses, and other items relating to all businesses excluding the group company management business. |
| Impact on Business Performance | Not stated. No event applies that would materially affect the Company's financial position. The Company has determined that the Company and the newly established company are expected to be able to perform their obligations after the effective date. |
| Reason | The Company determined that the number of shares to be allotted and the amounts of stated capital and capital reserves were appropriate, taking into consideration the assets and other items associated with the business succession, future business activities and other relevant circumstances. |
| Governing Rule | Article 803, Paragraph 1 of the Companies Act; Article 205 of the Ordinance for Enforcement of the Companies Act; the Ordinance on Company Accounting; and Article 21 of the Companies Act |
| Future plans | Subject to approval at the 28th Annual General Meeting of Shareholders scheduled for 29 June 2026, the Company plans to implement the incorporation-type company split on 1 October 2026 and change its corporate name to Reform Technology,Inc. on the same date. If permits, licenses or approvals from the relevant government authorities are required, the Company plans to obtain them. |
Items this document does not state (1)
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 Company determined that the number of shares to be allotted and the amounts of stated capital and capital reserves were appropriate, taking into consideration matters relating to the assets and other items to be assumed by the newly established company, future business activities and other relevant circumstances.