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How definitive the wording is.This transaction
Dissolution and liquidation of a consolidated subsidiaryDisclosing companyLivero Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
PR services and systems development
Location Minato-ku, TokyoShare capital ¥50 millionDate of incorporation 30 September 2024
Net Sales¥124 million (fiscal year ending December 2025)
Operating profitOperating loss of ¥30 million (fiscal year ending December 2025)
Net income for the current fiscal yearNet loss of ¥14 million (fiscal year ending December 2025)
Net assets¥18 million (fiscal year ended December 2025)
Impact on Business Performance
The impact of this matter on the Company's consolidated results is immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionApproval of the dissolution at an extraordinary general meeting of shareholders scheduled for 31 August 2026
Management structure after acquisitionThe Company plans to transfer the businesses that are to continue to the Company. All employees of the subsidiary are seconded from the Company, and are expected to return to the Company when their secondments end.
| Item | Details |
|---|---|
| Transaction name | Dissolution and liquidation of a consolidated subsidiary |
| Name of the Subject Company | 株式会社ＴＡＮＴ |
| Business Description of the Subject Company | PR services and systems development |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥50 million |
| Date of Establishment of the Subject Company | 30 September 2024 |
| Net Sales of the Subject Company | ¥124 million (fiscal year ending December 2025) |
| Operating Profit of the Subject Company | Operating loss of ¥30 million (fiscal year ending December 2025) |
| Net Income of the Subject Company | Net loss of ¥14 million (fiscal year ending December 2025) |
| Net Assets of the Subject Company | ¥18 million (fiscal year ended December 2025) |
| Voting rights ownership percentage | Before 100.0% (after not disclosed) |
| Impact on Business Performance | The impact of this matter on the Company's consolidated results is immaterial. |
| Date of board resolution | 29 July 2026 |
| Execution Date / Effective Date | Dissolution on 31 August 2026 (scheduled); completion of liquidation in December 2026 (scheduled) |
| Conditions Precedent to Execution | Approval of the dissolution at an extraordinary general meeting of shareholders scheduled for 31 August 2026 |
| Management structure after acquisition | The Company plans to transfer the businesses that are to continue to the Company. All employees of the subsidiary are seconded from the Company, and are expected to return to the Company when their secondments end. |
Items this document does not state (16)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial Committee
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.Following a review of the structure of the Group's companies to strengthen governance and management controls across the Group in light of inappropriate outflows of funds, the Company determined that it would be appropriate to dissolve and liquidate 株式会社ＴＡＮＴ.
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