Toyobo Co., Ltd.
Notice of Simplified and Abbreviated Split through Absorption-type Company Split with a Fully Owned Subsidiary
The intermediate textile business for Middle East markets under the wholly owned subsidiary Toyobo Textile Co., Ltd. will be inherited by absorption-type split into Toyobo Co., Ltd. Schedule: Board approval on 2026/09/25, contract signing on 2026/09/28, effective date on 2027/04/01. No change in capital, no issues in debt service.
Key Figures
- Succession method: Absorption-type split
- Assumed assets: 1,526 million yen, liabilities: 5 million yen (carrying amounts at the time of succession)
- Revenue (for the successor business): 7,418 million yen (fiscal year ending March 2026)
AI要約
Overview of this Absorption-type Split
Toyobo Co., Ltd. as the successor company and Toyobo Textile Co., Ltd. as the split company execute a simple and abbreviated absorption-type split between wholly owned subsidiaries. The purpose is to reorganize the Shogawa Factory and consolidate sales divisions to streamline management resources. No cash consideration is provided.
Future Schedule and impact
Successor date is 2026/09/25 by Board approval, contract signing on 2026/09/28 (planned), effective date on 2027/04/01 (planned). This is an intercompany split, and the impact on consolidated results is expected to be minimal. No changes to capital stock or stock acquisition rights.
Toyobo Co., Ltd.
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