Daido Steel Co., Ltd.
Notice Regarding Absorption-Type Merger of Consolidated Subsidiary (Simplified Merger/Short-Form Merger)
Daido Steel Co., Ltd. will absorb its wholly owned subsidiary Daido IT Solutions Co., Ltd. as of January 1, 2027, aiming to promote DX and strengthen IT strategic planning capabilities.
Key Figures
- Merger Effective Date: January 1, 2027 (planned)
- Daido Steel Co., Ltd. Equity Attributable to Owners of Parent: 429,278 million yen
- Daido IT Solutions Co., Ltd. Net Assets: 935 million yen
AI要約
Purpose and Overview of the Merger
Daido Steel Co., Ltd. resolved to absorb its wholly owned subsidiary Daido IT Solutions Co., Ltd. with an effective date of January 1, 2027. The purpose of the merger is to accelerate business transformation utilizing digital technologies and promote DX by strengthening IT strategic planning capabilities as well as the effective utilization and development of human resources. The merger will be conducted as a simplified and short-form merger, with no allotment of shares or payment of consideration.
Post-Merger Conditions and Future Outlook
After the merger, there will be no changes to the company name, location, representative, business content, capital, or fiscal year of Daido Steel Co., Ltd. Since the merger is with a wholly owned subsidiary, the impact on consolidated financial results is expected to be minor. Additional disclosures will be made as necessary in the future.
Daido Steel Co., Ltd.
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