#corporate_restructuring

Foster Electric Company, Limited plans to transition from a company with a Board of Auditors to a company with an Audit and Supervisory Committee, with approval at the annual general meeting of shareholders in late June 2026, establishing a new regime where outside directors constitute the majority.

Rakuten Group and Rakuten Bank have resumed discussions on the fintech business restructuring and signed a basic agreement aiming for effectiveness in October 2026.

Shionogi & Co., Ltd. has decided on the basic policy to absorb its wholly owned subsidiary Torii Pharmaceutical Co., Ltd. through a merger effective April 1, 2027.

Mitsubishi Estate Company, Limited has decided to dissolve its consolidated subsidiary, Nagoya Minato Development SPC, on March 2, 2026, with liquidation planned within the fiscal year 2026. The impact on earnings is minimal.

A partial amendment to the Articles of Incorporation related to the transition to a company with an audit and supervisory committee will be proposed at the Ordinary General Meeting of Shareholders scheduled for March 27, 2026. The main content involves revising provisions due to the transition from the Board of Auditors to the Audit and Supervisory Committee.

Sotetsu Holdings' consolidated subsidiary Sotetsu Enterprises will absorb its subsidiary Daiichi Soubimi as of July 1, 2026, aiming to consolidate management resources and improve efficiency. The merger’s impact on performance is expected to be minor.

Fujitsu Limited will succeed part of the business of its consolidated subsidiary Fujitsu Japan Limited through a simplified absorption-type split effective April 1, 2026, aiming to improve business operation efficiency and enhance value delivery.

J-Oil Mills, Inc. will absorb its wholly owned subsidiary J-Wakamatsu Service Co., Ltd. as of April 1, 2026, aiming to strengthen governance and improve operational efficiency.

Effective April 1, 2026, Mos Food Services, Inc. will absorb its wholly owned subsidiary, Mos Credit Co., Ltd., to enhance operational efficiency. There will be no issuance of new shares or monetary payments associated with the merger. The impact on consolidated earnings is expected to be minimal.

TIS Inc. will absorb its non-consolidated subsidiary Fixel Inc. effective April 1, 2026, aiming to strengthen its comprehensive DX support capabilities. There will be no allocation of shares or other monetary considerations due to the merger, and the impact on the current consolidated financial results is expected to be minimal.

Sekisui House, Ltd. announced the completion of the planned reorganization of consolidated subsidiaries in the U.S. detached housing business by January 2026.

Nabtesco Corporation conducted an absorption-type split of its hydraulic equipment business to a newly established subsidiary and completed the transfer of 70% of the new company's shares to Comer Industries S.p.A. on January 1, 2026.