Yashima Denki Co., Ltd.
Announcement of Conclusion of Company Split (Simplified Absorption-Type Split) Agreement with Consolidated Subsidiary
As of April 1, 2026, Yashima Electric will succeed the information and communication business of its consolidated subsidiary Yashima EI Technology through an absorption-type split. There will be no change in capital stock, and the impact on consolidated earnings is expected to be minimal.
Key Figures
- Effective Date of Company Split: April 1, 2026 (Scheduled)
- Net Sales of Business Succeeded by Absorption-Type Split: 1,478 million yen (Fiscal Year Ending March 2025)
- Number of Issued Shares of Split Company: 3 shares
AI要約
Purpose and Overview of Company Split
Yashima Electric Corporation has resolved and entered into a contract to succeed the information and communication business of its consolidated subsidiary Yashima EI Technology Corporation by absorption-type split effective April 1, 2026. This is part of the group's overall business growth strategy, with Yashima EI Technology focusing on air conditioning and plumbing sanitary equipment construction business to enhance corporate value. Since it is a simplified absorption-type split, a shareholders' meeting resolution is not required.
Succeeded Assets, Liabilities, and Future Outlook
The assets to be succeeded consist of current assets of 421 million yen and fixed assets of 2 million yen, and liabilities include current liabilities of 354 million yen and fixed liabilities of 3 million yen, based on book values as of March 31, 2025. There will be no change in capital stock due to the company split. After the split, there will be no changes in company name, location, representative, business content, capital stock, or fiscal year-end, and the impact on consolidated earnings is expected to be minimal.
