Mitsubishi Estate Co., Ltd.
Notice Regarding Company Split (Simplified Absorption-Type Company Split) to Subsidiary
Mitsubishi Estate Co., Ltd. has decided to transfer its Smart Home Service Business to its wholly owned subsidiary HOMETACT Co., Ltd. via a simplified absorption-type company split effective April 1, 2026.
Key Figures
- Revenue of the split business: 67 million yen (estimated for the fiscal year ending March 2025)
- Total assets of the split business: 714 million yen (estimated as of March 31, 2025)
- Total liabilities of the split business: 0 million yen (estimated as of March 31, 2025)
AI要約
Overview of the Company Split
Mitsubishi Estate Co., Ltd. has decided to transfer the business related to the development and provision of Smart Home Services to its wholly owned subsidiary HOMETACT Co., Ltd. via a simplified absorption-type company split effective April 1, 2026. This absorption-type split is conducted between wholly owned subsidiaries of the Company and will not require a shareholders' meeting as it satisfies the requirements of Article 784, Paragraph 2 of the Companies Act. As consideration for the split, HOMETACT will issue common shares and allocate all of them to Mitsubishi Estate Co., Ltd. There will be no change in capital.
Future Outlook and Impact
The impact of this absorption-type company split on the consolidated financial results of Mitsubishi Estate Co., Ltd. is expected to be minimal. HOMETACT will succeed the assets, liabilities, and contractual positions related to the split business and is expected to fulfill its obligations. If any matters requiring disclosure arise in the future, they will be promptly announced.
