Decision and Details
Board of Directors of Nagoya Railroad Co., Ltd.An absorption-type company split under which the rights and obligations relating to the gift certificate business operated by 株式会社名鉄百貨店 will be assumed
The consideration was determined following discussions between the two companies, taking into comprehensive consideration the business viability and other factors relating to the business concerned.
The waiver of loans to 株式会社名鉄百貨店 is expected to have a minimal impact on non-consolidated results because provision for loss on guarantees of debt was recognized in prior fiscal years. The waiver of loans to 株式会社めいてつカスタマーサービス will be recognized as an extraordinary loss in the non-consolidated financial statements, but both items will be eliminated in the consolidated financial statements and will have no impact on consolidated results. At present, no circumstances are expected to arise that would impede the performance of obligations after the absorption-type company split.
| Item | Details |
|---|---|
| Matter Covered | An absorption-type company split under which the rights and obligations relating to the gift certificate business operated by 株式会社名鉄百貨店 will be assumed |
| Decision-Making Body | Board of Directors of Nagoya Railroad Co., Ltd. |
| Decision Date | 24 July 2026 |
| Amount | Consideration for the absorption-type company split: ¥5,597,329; waiver of loans to 株式会社名鉄百貨店: ¥11.52 billion (projected); waiver of loans to 株式会社めいてつカスタマーサービス: ¥1.54 billion (projected) |
| Impact on Business Performance | The waiver of loans to 株式会社名鉄百貨店 is expected to have a minimal impact on non-consolidated results because provision for loss on guarantees of debt was recognized in prior fiscal years. The waiver of loans to 株式会社めいてつカスタマーサービス will be recognized as an extraordinary loss in the non-consolidated financial statements, but both items will be eliminated in the consolidated financial statements and will have no impact on consolidated results. At present, no circumstances are expected to arise that would impede the performance of obligations after the absorption-type company split. |
| Reason | The consideration was determined following discussions between the two companies, taking into comprehensive consideration the business viability and other factors relating to the business concerned. |
| Governing Rule | Article 794, paragraph 1 of the Companies Act; Article 192 of the Ordinance for Enforcement of the Companies Act |
| Future plans | The absorption-type company split will be carried out. The effective date is Not disclosed. |
Items this document does not state (4)
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 consideration was determined following discussions between the two companies, taking into comprehensive consideration the business viability and other factors relating to the business concerned.