#CorporateRestructuring

Marubeni Corporation plans to propose a partial amendment to the Articles of Incorporation at the annual general meeting of shareholders scheduled for late June 2026, accompanying the transition to a company with a nominating committee. The amendment aims to add business objectives and strengthen governance.

On November 1, 2025, LITALICO Inc. absorbed its wholly-owned subsidiary Plus One Solutions Inc. and recorded a special loss of 140 million JPY in standalone financials. There is no impact on consolidated earnings.

Nextage Co., Ltd. will implement a simplified absorption-type company split on June 1, 2026, transferring four businesses including the Volvo business to wholly owned subsidiaries to clarify business responsibility and promote swift decision-making.

Shiseido Company, Limited will absorb its wholly owned subsidiary, Shiseido Interactive Beauty Co., Ltd., effective June 1, 2026, integrating digital and IT functions.

Shiseido Company, Limited will absorb its wholly owned subsidiary Shiseido Creative Co., Ltd. effective June 1, 2026, to maximize synergies and accelerate integrated business operations.

Consolidated subsidiaries Novarese Co., Ltd. and Escry Co., Ltd. merged by absorption and changed their trade name to On the Page Co., Ltd. effective April 1, 2026.

USHIO INC. plans to absorb the semiconductor laser device business into a newly established subsidiary in April 2027 and transfer all shares of the subsidiary to Kyocera Corporation for 1 billion yen.

ORIX Corporation will absorb and split its consolidated subsidiary Tsukuba Lease Co., Ltd., which will then be dissolved and liquidated. The effective date is scheduled for August 1, 2026.

Tsubakimoto Chain Co. will establish a wholly owned subsidiary, Tsubaki Europe Holdings B.V., on July 1, 2026, to strengthen the management of its European business and reorganize its European subsidiaries.

Mitsui Mining & Smelting Co., Ltd. has decided to absorb its wholly-owned subsidiary, Takehara Kosan Co., Ltd., effective July 1, 2026. There will be no issuance of new shares or cash payments associated with the merger, and the impact on consolidated performance is expected to be minimal.

Kyokuto Kaihatsu Kogyo Co., Ltd. announced the completion of the absorption-type merger of Kyokuto Kaihatsu Parking Co., Ltd. effective April 1, 2026.

NSK Ltd. plans to withdraw from its production site in Newark-on-Trent, UK by the end of March 2027, affecting approximately 220 employees.