Toyo Denki Seizo K.K.
Notice Regarding Absorption-type Merger of a Fully Owned Subsidiary (Simplified Merger / Short-form Merger)
Toyo Electric Manufacturing Co., Ltd. will absorb its wholly owned subsidiary T.D. Drive through an absorption-type merger. Effective date is December 1, 2026. No share issuance or monetary consideration, and no stock acquisition rights to be treated. The merger is expected to have a minimal impact on consolidated results.
Key Figures
- Planned merger date: 2026年12月1日
- Surviving company: Toyo Electric Manufacturing Co., Ltd.
- Dissolved company: TD Drive Co., Ltd.
AI要約
Overview of this matter
By a resolution of the Board of Directors today, we have decided to implement an absorption-type merger targeting our wholly owned subsidiary TD Drive. The merger is a simplified absorption merger between wholly owned subsidiaries (TD Drive will be dissolved), with our company remaining as the surviving entity. No new shares will be issued, no monetary consideration, and no handling of stock acquisition rights. The effective date is scheduled for December 1, 2026.
Impact and schedule going forward
Because this merger is an intra-group transaction between wholly owned subsidiaries, the impact on our consolidated results is expected to be minimal. Details such as the date of contract execution and whether a shareholders meeting will be held have been omitted from disclosure. Procedures going forward will proceed in accordance with statutory processes.
Toyo Electric Manufacturing Co., Ltd.
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