Decision and Details
Absorption-type company split involving the rights and obligations relating to the business of managing ship-management subsidiaries
As K Line Ship Management Holdings Co., Ltd. is a wholly owned subsidiary of Kawasaki Kisen Kaisha, Ltd., the companies determined that it was appropriate for no consideration to be paid.
Neither company currently anticipates any circumstances that would impede the performance of its obligations after the effective date. The amount of share capital and reserves of K Line Ship Management Holdings Co., Ltd. will not change. The amount of any other impact on financial results is Not disclosed.
| Item | Details |
|---|---|
| Matter Covered | Absorption-type company split involving the rights and obligations relating to the business of managing ship-management subsidiaries |
| Decision Date | 26 February 2026 (date of execution of the absorption-type company split agreement) |
| Implementation Date | 1 April 2026 (scheduled effective date) |
| Amount | Consideration for the company split: ¥0 (no shares, money or other assets will be delivered) / Balance sheet at the establishment of K Line Ship Management Holdings Co., Ltd.: total assets ¥20,000,000, total liabilities ¥0, total net assets ¥20,000,000, share capital ¥10,000,000, capital reserves ¥10,000,000 |
| Impact on Business Performance | Neither company currently anticipates any circumstances that would impede the performance of its obligations after the effective date. The amount of share capital and reserves of K Line Ship Management Holdings Co., Ltd. will not change. The amount of any other impact on financial results is Not disclosed. |
| Reason | As K Line Ship Management Holdings Co., Ltd. is a wholly owned subsidiary of Kawasaki Kisen Kaisha, Ltd., the companies determined that it was appropriate for no consideration to be paid. |
| Governing Rule | Article 782, Paragraph 1 and Article 794, Paragraph 1 of the Companies Act; Articles 183 and 192 of the Ordinance for Enforcement of the Companies Act |
| Future plans | The absorption-type company split is scheduled to take effect on 1 April 2026 |
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.K Line Ship Management Holdings Co., Ltd. is a wholly owned subsidiary of Kawasaki Kisen Kaisha, Ltd., and the companies determined that it was appropriate for no consideration to be paid. Neither company currently anticipates any circumstances that would impede the performance of its obligations after the effective date.