TOKAI Corp.
Notice on Business Succession through a corporate split (simple absorption-type split)
Today, ToaKai implements a simple absorption-type split targeting the welfare equipment lending and sales businesses of K-WORKER and Araki Marine. The total consideration is about 306 million yen (120 million yen to K-WORKER, 186 million yen to Araki Marine). The effective date is scheduled for November 1, 2026. The rights and obligations to be succeeded are transferred within the scope defined in the company split agreement. The impact on consolidated results is expected to be minor.
Key Figures
- Total consideration: 306百万円
- Consideration to K-WORKER: 120百万円
- Consideration to Araki Marine: 186百万円
AI要約
Overview
This is a company split to succeed the welfare equipment lending and sales businesses of two companies, in which the company will be the successor to continue these businesses through a simple absorption-type split. The split is a trivial absorption-type split, transferring parts of rights and obligations without an increase or decrease in capital. The consideration is 120 million yen to K-WORKER and 186 million yen to Araki Marine, both to be paid in cash. The effective date is scheduled for November 1, 2026.
Outlook and impact
The impact on consolidated results is expected to be minor, with scenario planning reflecting synergies. The succeeding division covers welfare equipment lending and sales, operating in the same regions as K-WORKER and Araki Marine, aiming to improve business efficiency and expand the customer base. Details of the split are omitted from disclosure within the bounds defined by the agreement.
ToaKai Co., Ltd.
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