EDION Corporation
Notice Regarding Absorption Merger of Consolidated Subsidiary (Simplified and Short-Form Merger)
Edion Corporation will absorb its consolidated subsidiary PTN Co., Ltd. on April 1, 2026, aiming to streamline management and reduce administrative costs. There will be no capital increase or new share issuance due to the merger, and the impact on business performance is expected to be minimal.
Key Figures
- Scheduled Merger Date: 2026-04-01
- Capital (Edion Corporation): 11,940 million yen
- Capital (PTN Co., Ltd.): 10,000 yen
AI要約
Overview of the Merger
Edion Corporation has decided to absorb its consolidated subsidiary PTN Co., Ltd. effective April 1, 2026. PTN has effectively ceased business operations, and the merger aims to improve group operational efficiency and reduce administrative expenses. The merger will be conducted as a simplified and short-form merger, requiring no shareholder meeting approval. No new shares will be issued, nor will there be an increase in capital as a result of the merger.
Impact of the Merger and Future Outlook
Post-merger, there will be no changes to Edion Corporation's trade name, business operations, head office location, representatives, capital, or fiscal period. Since PTN is currently not conducting business, the impact on consolidated earnings for the fiscal year ending March 2026 is expected to be minimal. The rationalization of management structure is anticipated to yield cost reductions in administrative expenses.
