Ito En, Ltd.
Notice Regarding Establishment of Subsidiary through Company Split (Simplified Establishment Split)
On May 1, 2026, the Crazy Jasmine brand perfume and cosmetics business will be spun off into a newly established company, Crazy Jasmine Tokyo, which will become a 100% subsidiary. The capital is 50 million yen, with net sales projected at 36 million yen for the fiscal year ending April 2026.
Key Figures
- Scheduled Split Date: 2026-05-01 (planned)
- Divested Business Net Sales: 2 million yen (FY2025 actual), 36 million yen (FY2026 forecast)
- Capital Stock of the Dividing Company: 19,912 million yen (no change)
AI要約
Overview of the Company Split
ITO EN, LTD. will transfer the Crazy Jasmine brand perfume, cosmetics, and fragrance goods sales business to a newly established company, Crazy Jasmine Tokyo Co., Ltd., effective May 1, 2026, through a simplified establishment split. The new company will be a wholly owned subsidiary of ITO EN, with capital stock of 50 million yen. It will issue 5,000 common shares, all allocated and issued to ITO EN. There will be no increase or decrease in capital stock associated with the split.
Purpose and Future Outlook
This establishment split aims to further expand the business and accelerate management decision-making. The new company will focus on e-commerce sales and develop and sell products leveraging jasmine fragrance, contributing to establishing a foundation for new business creation. The impact on ITO EN’s consolidated performance after the split is expected to be minimal.
