Decision and Details
An absorption-type company split involving the rights and obligations relating to the business operated at the Hamamatsu Business Office as part of Toyota Tsusho Corporation's automotive parts manufacturing and sales business
As Toyota Tsusho Corporation holds all of the issued shares of 豊通オートモーティブクリエーション, it has determined that it is appropriate not to pay consideration. Both companies have determined that their obligations are expected to be performed after the effective date.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type company split involving the rights and obligations relating to the business operated at the Hamamatsu Business Office as part of Toyota Tsusho Corporation's automotive parts manufacturing and sales business |
| Decision Date | 26 March 2026 (date of execution of the absorption-type company split agreement) |
| Implementation Date | 1 October 2026 (scheduled; effective date) |
| Amount | Transferred assets: ¥148 million; transferred liabilities: ¥0; consideration for the absorption-type company split: ¥0 |
| Reason | As Toyota Tsusho Corporation holds all of the issued shares of 豊通オートモーティブクリエーション, it has determined that it is appropriate not to pay consideration. Both companies have determined that their obligations are expected to be performed after the effective date. |
| Governing Rule | Article 782, Paragraph 1 of the Companies Act; Article 183 of the Ordinance for Enforcement of the Companies Act |
| Future plans | The absorption-type company split is scheduled to become effective on 1 October 2026 |
Items this document does not state (5)
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.As Toyota Tsusho Corporation holds all of the issued shares of 豊通オートモーティブクリエーション, it has determined that it is appropriate not to pay consideration. With respect to the expected performance of obligations, both companies state that their assets will continue to substantially exceed their liabilities after the effective date and that they are not aware of any event or possibility that would impede the performance of their obligations.