Gunze Limited
Notice Regarding Absorption-Type Merger of Wholly-Owned Subsidiary (Simplified and Short-Form Merger)
Gunze Limited will absorb its wholly-owned subsidiary SEESAY Co., Ltd. as of April 1, 2026, aiming to streamline group management. The impact of the merger on consolidated performance is expected to be minimal.
Key Figures
- Merger Effective Date: Scheduled for April 1, 2026
- Gunze Limited Capital: 26,071 million JPY
- SEESAY Co., Ltd. Capital: 50 million JPY
AI要約
Overview of the Merger
Gunze Limited has resolved to absorb its wholly-owned subsidiary SEESAY Co., Ltd. effective April 1, 2026. The merger will be executed via simplified and short-form merger procedures, and no shareholder meeting will be required. Although SEESAY is currently in a state of excess liabilities, Gunze has provided for doubtful accounts, so no merger loss is expected to occur. Post-merger, there will be no changes to Gunze’s corporate name, location, representative, capital, or fiscal year-end.
Purpose of the Merger and Future Outlook
This merger aims to restructure the apparel business and enhance efficiency in group management. SEESAY operates in the planning and sales of apparel products, and synergy effects are expected from integrating the business within the group. The impact of the merger on Gunze’s consolidated performance is expected to be minimal, with no significant fluctuations anticipated in future earnings.
