Toho Co., Ltd.
(Correction) Partial correction regarding “Notice on Company Split (Simplified Absorption-type Split) with Consolidated Subsidiary”
TOHO Co., Ltd. will succeed the cinema mileage business of its consolidated subsidiary TOHO Cinemas by a simplified absorption-type split effective March 3, 2026, and plans to launch a new membership service "TOHO-ONE®."
Key Figures
- Operating Revenue (Cinema Mileage Business): 540 million JPY (Fiscal year ending February 2025)
- Board Resolution Date: 2026-01-14
- Effective Date of Absorption-type Split: 2026-03-03 (Scheduled)
AI要約
Overview of the Company Split
TOHO Co., Ltd. resolved to succeed the cinema mileage card business of its consolidated subsidiary TOHO Cinemas Co., Ltd. by a simplified absorption-type split. Through this absorption-type split, the business will be integrated with existing membership services such as TOHO Navisave, and a new membership service "TOHO-ONE®" is scheduled to launch in March 2026. Leveraging a membership base of approximately 4 million people, the company aims to expand to a membership service scale of 10 million by 2032. There will be no change in capital due to the split and no shareholders' meeting will be held.
Future Outlook and Impact
This absorption-type split is a simplified absorption-type split between wholly owned subsidiaries, and there will be no changes to TOHO Co., Ltd.'s trade name, business content, capital, or other items. The impact on consolidated business results is expected to be minimal, and there is no concern regarding the fulfillment of obligations. Additional disclosures will be made as necessary going forward.
