Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
15
¥ million (revenue of the business being split, fiscal year ending March 2026)Wording
Conditional
How definitive the wording is.This transaction
This company split (simplified incorporation-type company split)Counterpartyモアクト株式会社
Disclosing companyThe Kansai Electric Power Company,Incorporated
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Various information-provision services using the internet, etc.
Location Chuo-ku, OsakaShare capital ¥10 millionDate of incorporation 1 July 2026 (scheduled)
Net Sales¥15 million (fiscal year ending March 2026, business being split)
Consideration and expenses
Type of ConsiderationShares (the new company will issue 100 common shares and allocate and deliver all of them to Kansai Electric Power)
Impact on Business Performance
The impact of this company split on Kansai Electric Power’s consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionThe company split will be carried out without a resolution at a shareholders’ meeting, as a simplified company split under Article 805 of the Companies Act.
Management structure after acquisitionThe corporate name will be モアクト株式会社. The representative director will be Oyama Yohei (小山陽平). The new company is scheduled to become a 100%-owned subsidiary of Kansai Electric Power. There will be no changes to the name, location, representative, business activities, stated capital or fiscal year-end of the parent company, Kansai Electric Power. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This company split (simplified incorporation-type company split) |
| Counterparty name | モアクト株式会社 |
| Name of the Subject Company | モアクト株式会社 (newly established transferee company) |
| Business Description of the Subject Company | Various information-provision services using the internet, etc. |
| Location of the Subject Company | Chuo-ku, Osaka |
| Capital Stock of the Subject Company | ¥10 million |
| Date of Establishment of the Subject Company | 1 July 2026 (scheduled) |
| Net Sales of the Subject Company | ¥15 million (fiscal year ending March 2026, business being split) |
| Type of Consideration | Shares (the new company will issue 100 common shares and allocate and deliver all of them to Kansai Electric Power) |
| Number of shares acquired | 100 common shares (issued by the new company and allocated and delivered to Kansai Electric Power; number of voting rights: Not disclosed) |
| Voting rights ownership percentage | After 100％ (before not disclosed) |
| Impact on Business Performance | The impact of this company split on Kansai Electric Power’s consolidated results will be immaterial. |
| Date of board resolution | 26 May 2026 |
| Execution Date / Effective Date | 1 July 2026 (scheduled) |
| Conditions Precedent to Execution | The company split will be carried out without a resolution at a shareholders’ meeting, as a simplified company split under Article 805 of the Companies Act. |
| Management structure after acquisition | The corporate name will be モアクト株式会社. The representative director will be Oyama Yohei (小山陽平). The new company is scheduled to become a 100%-owned subsidiary of Kansai Electric Power. There will be no changes to the name, location, representative, business activities, stated capital or fiscal year-end of the parent company, Kansai Electric Power. Employee treatment: Not disclosed |
Items this document does not state (16)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding 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.To establish an agile operating structure for the business and expand it. The company states that, following approximately two years of social demonstration, the business has reached the expansion phase.
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.