Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
450000
Number of shares scheduled to be issuedWording
Conditional
How definitive the wording is.Decision and Details
Lawful corporate resolutions by IMAGE MAGIC Inc. and 長谷川美芸 (IMAGE MAGIC Inc. will not require a resolution at a shareholders’ meeting under Article 796, paragraph 2 of the Companies Act)Share exchange with 長谷川美芸
Decision2 October 2026 (date of execution of the share exchange agreement)
Period CoveredFrom 26 October 2026 until after the effective date of the share exchange
Implementation26 October 2026 (scheduled effective date; subject to change by agreement between the parties)
Going forward長谷川美芸 will hold a shareholders’ meeting by the day before the effective date to approve the share exchange agreement and related matters. The share exchange is scheduled to take effect on 26 October 2026.
AmountShare values used to calculate the exchange consideration: ¥1,500 per share of IMAGE MAGIC Inc. and ¥1,360,000 per share of 長谷川美芸; increase in stated capital: ¥99,000,000; capital reserve: ¥99,000,000; retained earnings reserve: ¥0
Quantity / scaleTotal number of issued shares of 長谷川美芸: 500 shares; 900 shares of IMAGE MAGIC Inc. common stock for each share of 長谷川美芸 common stock, with a maximum scheduled issuance of 450,000 shares
Reason
Increased orders from the company and expanded production capacity following the conversion of 長谷川美芸 into a subsidiary, along with labor savings using systems and other measures
Impact on Business Performance
In FY2028, revenue at 長谷川美芸 is expected to increase by approximately 15% through increased orders from the company and expanded production capacity following its conversion into a subsidiary, while operating profit is expected to increase by approximately 73% through labor savings using systems and other measures. The company does not expect a significant increase or decrease in profit.
| Item | Details |
|---|---|
| Matter Covered | Share exchange with 長谷川美芸 |
| Decision-Making Body | Lawful corporate resolutions by IMAGE MAGIC Inc. and 長谷川美芸 (IMAGE MAGIC Inc. will not require a resolution at a shareholders’ meeting under Article 796, paragraph 2 of the Companies Act) |
| Decision Date | 2 October 2026 (date of execution of the share exchange agreement) |
| Implementation Date | 26 October 2026 (scheduled effective date; subject to change by agreement between the parties) |
| Period Covered | From 26 October 2026 until after the effective date of the share exchange |
| Amount | Share values used to calculate the exchange consideration: ¥1,500 per share of IMAGE MAGIC Inc. and ¥1,360,000 per share of 長谷川美芸; increase in stated capital: ¥99,000,000; capital reserve: ¥99,000,000; retained earnings reserve: ¥0 |
| Quantity / scale | Total number of issued shares of 長谷川美芸: 500 shares; 900 shares of IMAGE MAGIC Inc. common stock for each share of 長谷川美芸 common stock, with a maximum scheduled issuance of 450,000 shares |
| Impact on Business Performance | In FY2028, revenue at 長谷川美芸 is expected to increase by approximately 15% through increased orders from the company and expanded production capacity following its conversion into a subsidiary, while operating profit is expected to increase by approximately 73% through labor savings using systems and other measures. The company does not expect a significant increase or decrease in profit. |
| Reason | Increased orders from the company and expanded production capacity following the conversion of 長谷川美芸 into a subsidiary, along with labor savings using systems and other measures |
| Governing Rule | Article 794, paragraph 1 of the Companies Act; Article 193 of the Ordinance for Enforcement of the Companies Act; Articles 796, paragraph 2 and 234 of the Companies Act; Article 39, paragraph 2 of the Ordinance on Company Accounting |
| Future plans | 長谷川美芸 will hold a shareholders’ meeting by the day before the effective date to approve the share exchange agreement and related matters. The share exchange is scheduled to take effect on 26 October 2026. |
Items this document does not state (1)
Related previous disclosures
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.By making 長谷川美芸 a subsidiary, the company expects increased orders from the company and expanded production capacity at 長谷川美芸, resulting in an approximately 15% increase in revenue and an approximately 73% increase in operating profit in FY2028.
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.