JTEKT Corporation
Notice of Absorption-Type Merger of a Wholly-Owned Subsidiary (Simplified/Short-Form Merger)
A simplified merger to absorb the wholly owned subsidiary JTEKT Engineering Corporation will be implemented, scheduled for April 1, 2027. The surviving company will be JTEKT Corporation; no new shares will be issued in connection with the merger, and there are no treatments for stock acquisition rights of the disappearing company. Basic information such as company name, location, and fiscal year will remain unchanged after the merger. Financial impact is expected to be minor.
Key Figures
- Capital: 45,591 million yen
- Total Assets: 1,577,696 million yen
- Net Sales (Consolidated/Non-consolidated): Unknown
AI要約
Overview of the Merger
A simplified merger to absorb our wholly owned subsidiary, JTEKT Engineering Corporation, will be carried out following a resolution by the Board of Directors held on October 29, 2026. The merger will take the form of JTEKT Corporation as the surviving company and JTEKT Engineering Corporation as the disappearing company, with the merger effective date scheduled for April 1, 2027. No new shares will be issued and no cash payments will be made in connection with the merger, and there will be no treatment of stock acquisition rights of the disappearing company.
Impact and Schedule Going Forward
Because this merger is a simplified merger between a parent company and its wholly owned subsidiary, the impact on consolidated results is expected to be minor. The specific schedule is: Board resolution on October 29, 2026, and the merger effective date is scheduled for April 1, 2027. There will be no changes to the names, locations, or fiscal year ends of the surviving or disappearing companies, and the current organizational structure will be maintained.
JTEKT Corporation
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