Worth reading
36Immaterial
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Neutral
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.This transaction
This mergerCounterparty (target company)株式会社 T-stock
Disclosing companyISB CORPORATION
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Holding and managing securities
Location Shinagawa Ward, TokyoShare capital ¥1 millionDate of incorporation 6 January 2016
Net Sales¥207 million (fiscal year ended December 2025, standalone)
Operating profit¥207 million (fiscal year ended December 2025, standalone)
Net income for the current fiscal year¥208 million (fiscal year ended December 2025, standalone)
Net assets¥1,234 million (fiscal year ended December 2025, standalone)
Consideration and expenses
Acquisition priceNot applicable (no shares, cash or other consideration will be allocated in connection with this merger)
Type of ConsiderationNo consideration (no shares or other monetary consideration will be allotted in connection with this merger)
Merger ratio/share exchange ratioNot applicable (this is an absorption-type merger with a wholly owned consolidated subsidiary, and no shares or other monetary consideration will be allocated)
Impact on Business Performance
The merger will have no impact on the Company's consolidated financial results.
Procedures and assumptions
Conditions Precedent to ExecutionThe merger will be carried out without convening shareholders’ meetings at the Company or T-stock to approve the merger agreement (simplified merger and abbreviated merger).
Management structure after acquisitionThere will be no changes to the Company’s name, location, representative, representative’s title or name, business activities, capital or fiscal year-end. T-stock will be dissolved as of the effective date.
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | 株式会社 T-stock |
| Name of the Subject Company | 株式会社 T-stock |
| Business Description of the Subject Company | Holding and managing securities |
| Location of the Subject Company | Shinagawa Ward, Tokyo |
| Capital Stock of the Subject Company | ¥1 million |
| Date of Establishment of the Subject Company | 6 January 2016 |
| Net Sales of the Subject Company | ¥207 million (fiscal year ended December 2025, standalone) |
| Operating Profit of the Subject Company | ¥207 million (fiscal year ended December 2025, standalone) |
| Net Income of the Subject Company | ¥208 million (fiscal year ended December 2025, standalone) |
| Net Assets of the Subject Company | ¥1,234 million (fiscal year ended December 2025, standalone) |
| Acquisition price | Not applicable (no shares, cash or other consideration will be allocated in connection with this merger) |
| Type of Consideration | No consideration (no shares or other monetary consideration will be allotted in connection with this merger) |
| Merger ratio/share exchange ratio | Not applicable (this is an absorption-type merger with a wholly owned consolidated subsidiary, and no shares or other monetary consideration will be allocated) |
| Number of shares acquired | N/A (this is an absorption-type merger, and no shares or other monetary consideration will be allocated) |
| Voting rights ownership percentage | Before 100％ → after Not applicable (T-stock will be dissolved on the effective date) |
| Impact on Business Performance | The merger will have no impact on the Company's consolidated financial results. |
| Date of board resolution | 23 June 2026 |
| Contract Date | 1 July 2026 (scheduled) |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Conditions Precedent to Execution | The merger will be carried out without convening shareholders’ meetings at the Company or T-stock to approve the merger agreement (simplified merger and abbreviated merger). |
| Management structure after acquisition | There will be no changes to the Company’s name, location, representative, representative’s title or name, business activities, capital or fiscal year-end. T-stock will be dissolved as of the effective date. |
Items this document does not state (10)
Expenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation 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.The purpose is to improve management efficiency across the group by integrating T-stock, which holds a 50% stake in 株式会社テイクス, and centrally managing that stake.
How to read this page
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