Ichinen Holdings Co.,Ltd.
Notice Regarding Merger Between Consolidated Subsidiary and Sub-Subsidiary
As of April 1, 2026, consolidated subsidiary Nisseki Glass Industry Co., Ltd. and sub-subsidiary Shinsei Glass Co., Ltd. will merge to pursue operational efficiencies and strengthen business foundations.
Key Figures
- Merger Effective Date: Scheduled for April 1, 2026
- Net Sales of Shinsei Glass Co., Ltd.: 697,580 thousand yen (Fiscal year ending March 2025)
- Operating Income of Nisseki Glass Industry Co., Ltd.: ▲17,398 thousand yen (Fiscal year ending March 2025)
AI要約
Purpose and Overview of the Merger
Ichinen Holdings Co., Ltd. has resolved to merge its consolidated subsidiary, Nisseki Glass Industry Co., Ltd., and its sub-subsidiary, Shinsei Glass Co., Ltd. Both companies primarily manufacture and sell glass processed products. Through the merger, they aim to consolidate expertise, strengthen sales capabilities and product development, and enhance efficiency by consolidating manufacturing facilities, thereby reinforcing the business foundation and aiming for sustainable growth. The merger will be an absorption-type with Shinsei Glass as the surviving company, and Nisseki Glass Industry will be dissolved.
Merger Schedule and Future Outlook
The board meeting to approve the merger was held on February 9, 2026, and the merger agreement was signed on the same day. The shareholders meeting for merger approval is scheduled for February 12, 2026. The effective date of the merger is April 1, 2026. After the merger, there will be no changes to the surviving company's trade name, address, representative, business content, capital, or fiscal year-end. As this is a merger between a wholly owned subsidiary and a sub-subsidiary, the impact on consolidated financial results is expected to be minor.
