#CompanySplit

Brother Industries will transfer its work communication software ‘BuddyBoard’ business to a newly established subsidiary, BB Inc., by absorption-type company split effective May 1, 2026. IXS is scheduled to acquire 51% equity. The impact on consolidated earnings is expected to be minimal.

On May 1, 2026, an absorption-type company split and absorption-type merger will be conducted between consolidated subsidiaries to mutually succeed part of the pharmacy business, and Sakura Pharmacy Co., Ltd. will be absorbed by Kraft Co., Ltd.

Establishment of the intermediate holding company for the funeral business, Kosaido Life Partners Corporation, effective April 1, 2026, inheriting three funeral-related subsidiaries.

On April 1, 2026, all shares of wholly owned subsidiaries K Line Low Bulk Ship Management and K MARINE SHIP MANAGEMENT will be transferred by absorption-type company split to the intermediate holding company K Line Ship Management Holdings to strengthen the ship management system.

Japan Post Co., Ltd. has resolved to succeed the shares of JP Two-Way Contact Co., Ltd. held by its subsidiary Japan Post Corporate Service Co., Ltd., along with related assets and liabilities, through a simplified absorption-type split scheduled for July 1, 2026, aiming to strengthen management.

Effective April 1, 2026, Marubeni Corporation will transfer part of the Chemicals Division II business to its consolidated subsidiary Marubeni Chemix Corporation through a simplified absorption-type company split; on the same day, Marubeni Chemix will merge with Marubeni Plax and change its trade name to Marubeni Innovexis Corporation.

To transition to a group holding company structure on October 1, 2026, Integral Corporation will transfer its business to two subsidiaries via an absorption-type split, and plans to change its trade name and articles of incorporation.

Mitsubishi Heavy Industries will transfer its wind power generation-related business to its newly established subsidiary M-Wind Co., Ltd. by a simplified absorption-type company split effective April 1, 2026, and concluded a stock transfer agreement with Electric Power Development Co., Ltd. The subject business posted sales of 3 billion yen in the immediately preceding fiscal year.

In the company split scheduled for April 1, 2026, the rental business was added to the real estate securitization business, increasing net sales from JPY 4,519 million to JPY 7,232 million and expanding assets from JPY 7,181 million to JPY 12,195 million.

Scheduled for April 1, 2026, TBS Holdings, Inc. will succeed real estate owned by its wholly-owned subsidiary TBS Television (book value approximately 68.7 billion yen) through an absorption-type split. The impact on consolidated results is expected to be minimal.

GMO Financial Holdings resolved to transfer its system development, operation, and maintenance business to its wholly owned subsidiary GMO Coin through a simplified absorption-type company split effective April 1, 2026.

NEC Corporation will, as of July 1, 2026, succeed part of the business for major enterprises and government agencies of its wholly owned subsidiary, NEC Solution Innovators, Ltd., through an absorption-type company split to unify customer touchpoints and strengthen services.