Sotetsu Holdings, Inc.
Notice Regarding Absorption-type Merger of Subsidiary by Consolidated Subsidiary
Sotetsu Holdings' consolidated subsidiary Sotetsu Enterprises will absorb its subsidiary Daiichi Soubimi as of July 1, 2026, aiming to consolidate management resources and improve efficiency. The merger’s impact on performance is expected to be minor.
Key Figures
- Effective Date of Merger: Scheduled for July 1, 2026
- Sotetsu Enterprises Net Sales: 20,928 million JPY (As of March 31, 2025)
- Daiichi Soubimi Net Sales: 771 million JPY (As of March 31, 2025)
AI要約
Overview of the Merger
Sotetsu Enterprises Co., Ltd., a wholly owned subsidiary of Sotetsu Holdings, Inc., has resolved to absorb its wholly owned subsidiary, Daiichi Soubimi Co., Ltd., effective July 1, 2026. Both companies primarily engage in building maintenance operations, and the merger aims to consolidate management resources and streamline indirect operations to enhance management efficiency of the building maintenance business within the group. As this is a simplified merger, approval at the shareholders’ meeting is not required, and there will be no issuance of new shares or payment of merger consideration.
Future Outlook and Impact
After the merger, Sotetsu Enterprises will have a capital of 100 million JPY, net assets of 6.1 billion JPY, and total assets of 13.2 billion JPY, continuing its operations as a 100% subsidiary of Sotetsu Holdings. The merger is expected to have only a minor impact on the consolidated and standalone results of Sotetsu Holdings.
