PRAP Japan, Inc.
Notice regarding the absorption-type merger of a wholly owned subsidiary (Precision Marketing, Inc.) and recognition of special losses (absorption-related stock extinguishment loss)
Resolved to absorb Precision Marketing, Inc., a wholly owned subsidiary, into the surviving company. Effective date to be December 1, 2026. The extinguishment loss of the disappearing company is expected to be recognized as a special loss, but the amount is undetermined. No impact on consolidated figures.
Key Figures
- Absorption merger surviving company: PRAP Japan, Inc.
- Absorption merger disappearing company: Precision Marketing, Inc.
- Effective date: 2026-12-01
AI要約
Overview of the merger
We have resolved to absorb our wholly owned subsidiary Precision Marketing, Inc. as the surviving company, with an effective date of December 1, 2026. The disappearing company will be Precision Marketing, Inc., and no cash or other consideration will be issued. The merger agreement was signed on September 25, 2026, and shareholders meeting approval is not to be held for the disappearing company in a simplified merger.
Special losses and consolidated impact
As part of this merger, we expect to recognize absorption-related stock extinguishment loss as a special loss in individual financial statements. The amount is not yet finalized and will be notified promptly upon determination. In consolidation, the amount will be eliminated, and there will be no impact on the consolidated earnings.
PRAP Japan, Inc.
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