Worth reading
73In focus
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
18
¥100 million (cash and deposits to be transferred)Wording
Conditional
How definitive the wording is.Decision and Details
The Kansai Electric Power Company,Incorporated (prepared the incorporation-type company split plan; no shareholder approval is required because this is a simplified incorporation-type company split)Incorporation-type company split involving the business related to Moact
Decision26 May 2026 (date the incorporation-type company split plan was prepared)
Period CoveredFrom the date 株式会社モアクト is established. The first fiscal year will run from the date of establishment to the end of March 2027.
Implementation1 July 2026 (scheduled; date of establishment of 株式会社モアクト and effective date)
Going forward株式会社モアクト will be established on 1 July 2026 and will assume the rights and obligations related to this business. The establishment date may be changed, where necessary, by resolution of the executive officers' meeting.
AmountCapital: ¥10 million; cash and deposits to be transferred: ¥1.8 billion; reserves: to be determined by The Kansai Electric Power Company,Incorporated in accordance with the Ordinance on Company Accounting
Quantity / scale100 common shares issued by the new company will be allotted and delivered to The Kansai Electric Power Company,Incorporated; total number of authorized shares: 1,000; directors at establishment: 3; audit & supervisory board member at establishment: 1
Reason
To manage the new company efficiently and implement agile and flexible capital policies in consideration of the assets and other items to be transferred and future business activities.
Impact on Business Performance
It has been determined that The Kansai Electric Power Company,Incorporated and the new company are expected to remain able to perform their obligations after this incorporation-type company split. Amount of impact on results: Not disclosed
| Item | Details |
|---|---|
| Matter Covered | Incorporation-type company split involving the business related to Moact |
| Decision-Making Body | The Kansai Electric Power Company,Incorporated (prepared the incorporation-type company split plan; no shareholder approval is required because this is a simplified incorporation-type company split) |
| Decision Date | 26 May 2026 (date the incorporation-type company split plan was prepared) |
| Implementation Date | 1 July 2026 (scheduled; date of establishment of 株式会社モアクト and effective date) |
| Period Covered | From the date 株式会社モアクト is established. The first fiscal year will run from the date of establishment to the end of March 2027. |
| Amount | Capital: ¥10 million; cash and deposits to be transferred: ¥1.8 billion; reserves: to be determined by The Kansai Electric Power Company,Incorporated in accordance with the Ordinance on Company Accounting |
| Quantity / scale | 100 common shares issued by the new company will be allotted and delivered to The Kansai Electric Power Company,Incorporated; total number of authorized shares: 1,000; directors at establishment: 3; audit & supervisory board member at establishment: 1 |
| Impact on Business Performance | It has been determined that The Kansai Electric Power Company,Incorporated and the new company are expected to remain able to perform their obligations after this incorporation-type company split. Amount of impact on results: Not disclosed |
| Reason | To manage the new company efficiently and implement agile and flexible capital policies in consideration of the assets and other items to be transferred and future business activities. |
| Governing Rule | Article 803, paragraph 1 of the Companies Act; Article 205 of the Ordinance for Enforcement of the Companies Act; Article 805 of the Companies Act; Article 763 of the Companies Act; Ordinance on Company Accounting; Article 21, paragraph 1 of the Companies Act |
| Future plans | 株式会社モアクト will be established on 1 July 2026 and will assume the rights and obligations related to this business. The establishment date may be changed, where necessary, by resolution of the executive officers' meeting. |
Items this document does not state (1)
Related previous disclosures
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 manage the new company efficiently and implement agile and flexible capital policies based on the assets and other items to be transferred and future business activities.
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