SHINTO Holdings, Inc.
Notice Regarding Waiver of Claims Against a Consolidated Subsidiary
To terminate the parent-subsidiary relationship with consolidated subsidiary Eishin Shoji, SHINTO Holdings will transfer shares and accept a waiver of claims. The share transfer consideration is 448,000,000 yen; the waived claims amount is 66,877,800 yen and is not included in the consideration. The waiver will be recorded in the third quarter consolidated results for the fiscal year ending January 2027. The impact on future operating results is being examined.
Key Figures
- Share transfer consideration: 448,000,000 yen
- Waived claims amount: 66,877,800 yen
- Implementation date: 2026-10-29 (planned)
AI要約
Overview of Organizational Restructuring and Share Transfer
The Company resolved to transfer 5,600 shares of consolidated subsidiary Eishin Shoji to the Company's chairman, Takuya Fukuda, thereby terminating the parent-subsidiary relationship with Eishin Shoji. As a condition of the transfer, Eishin Shoji and Mr. Fukuda proposed waiving service fee claims totaling 66,877,800 yen, which the Company accepted as part of completing the share transfer. The transfer consideration is 448,000,000 yen; the waived claims amount is not included in the consideration. The waiver is scheduled for October 29, 2026, and the three-party relationship reorganization is expected to be completed thereafter.
Impact and Future Outlook
This matter may affect the consolidated and non-consolidated financial statements. The waiver amount of 66,877,800 yen is planned to be recorded in the third quarter consolidated results for the fiscal year ending January 2027. At this time, the Company is examining whether a revision to earnings guidance is necessary; if any revisions are required, they will be disclosed promptly. Eishin Shoji is expected to continue operations under an independent management structure following the termination of the parent-subsidiary relationship.
SHINTO Holdings, Inc.
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