The Japan Steel Works, Ltd.
Notice Regarding Absorption Merger of Consolidated Subsidiary (Simplified Merger)
Scheduled absorption merger of wholly owned subsidiary Japan Steel Works M&E Co., Ltd. as of April 1, 2026. No share allotment will occur in connection with the merger, and the impact on consolidated earnings is expected to be minimal.
Key Figures
- Merger Effective Date: Scheduled for April 1, 2026
- Consolidated Net Sales (Fiscal Year ending March 2025): 248,556 million yen
- M&E Co. Net Sales (Fiscal Year ending March 2025): 51,315 million yen
AI要約
Purpose and Background of the Merger
The Company resolved to effect an absorption merger with its wholly owned subsidiary Japan Steel Works M&E Co., Ltd., effective April 1, 2026. M&E Co. was established through organizational restructuring in April 2020, advancing profitability reforms in the Materials and Engineering business segments and establishing a stable black-ink earnings structure. Through this merger, the Company aims to achieve sustainable business growth, strengthen the production system for defense-related equipment, and accelerate technological development of gallium nitride crystals. Furthermore, corporate governance will be enhanced.
Overview of the Merger and Future Outlook
This merger will be an absorption merger with the Company as the surviving entity and M&E Co. as the dissolved entity, conducted as a simplified merger not requiring shareholder meeting approval. Since M&E Co. is a 100% subsidiary of the Company, no share allotment or compensation will be provided. Post-merger, there will be no changes to the Company's name, location, representative, capital, or fiscal year-end. The impact on consolidated financial results is expected to be minimal.
