SHINTO Holdings, Inc.
Notice Regarding Change in Consolidated Subsidiary (Share Transfer)
SHINTO Holdings, Inc. will remove Eishin Shoji from its consolidated subsidiaries and transfer 5,600 shares of the company to Chairman Takuya Fukuda to terminate the parent-subsidiary relationship. The transfer price is 448,000,000 yen, and the execution date is scheduled for 2026-10-29. A claim waiver of 66,877,800 yen is a separate transaction from the consideration.
Key Figures
- Transfer price: 448,000,000 yen
- Number of shares transferred: 5,600 shares
- Scheduled execution date of transfer: 2026-10-29
AI要約
Background and Purpose
SHINTO Holdings, Inc. has held Eishin Shoji as a consolidated subsidiary, but due to differences in information sharing and management control systems that have caused ongoing issues, the company chose a policy of allowing independent management. It determined that the relationship is not conducive to the medium- to long-term business operations of both companies and decided to terminate the parent-subsidiary relationship. The transferee will be Takuya Fukuda, Chairman of Eishin Shoji, who is also a major shareholder of SHINTO.
Overview and Outlook of the Transaction
SHINTO will transfer 5,600 common shares of Eishin Shoji to Mr. Fukuda, and Eishin Shoji is expected to be removed from SHINTO's consolidated subsidiaries. The transfer consideration is 448,000,000 yen. The transfer execution date is scheduled for 2026-10-29. The claim waiver of 66,877,800 yen will be accepted as a transaction separate from the share transfer consideration and treated as part of the transaction conditions. A loss on sale of equity interests is expected to be recorded in the consolidated financial results for the third quarter of the fiscal year ending January 2027, but the amount is under review.
SHINTO Holdings, Inc.
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