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 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-02-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/9619-20260209-03.pdf","jir_short_summary":"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.","jir_summary":"### Purpose and Overview of the Merger\nIchinen 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.\n\n### Merger Schedule and Future Outlook\nThe 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.","jir_financial_highlights":"Net Sales (Shinsei Glass): 697,580 thousand yen (Unknown)\nOperating Income (Shinsei Glass): 47,570 thousand yen (Unknown)\nNet Income Attributable to Owners of Parent (Shinsei Glass): 33,444 thousand yen (Unknown)\nNet Sales (Nisseki Glass Industry): 0 thousand yen (Unknown)\nOperating Income (Nisseki Glass Industry): \u25b217,398 thousand yen (Unknown)\nNet Income Attributable to Owners of Parent (Nisseki Glass Industry): \u25b2167,522 thousand yen (Unknown)","jir_category":"","jir_hashtags":"#IchinenHoldingsCoLtd, #CorporateRestructuring, #Merger","jir_key_figures":"Merger Effective Date: Scheduled for April 1, 2026\nNet Sales of Shinsei Glass Co., Ltd.: 697,580 thousand yen (Fiscal year ending March 2025)\nOperating Income of Nisseki Glass Industry Co., Ltd.: \u25b217,398 thousand yen (Fiscal year ending March 2025)","jir_meta_title":"Ichinen Holdings Co., Ltd. to Implement Merger Between Consolidated Subsidiaries on April 1, 2026","jir_meta_description":"Ichinen Holdings Co., Ltd. will merge its consolidated subsidiary Nisseki Glass Industry with sub-subsidiary Shinsei Glass to improve efficiency and strengthen its business base. The merger is scheduled to take effect on April 1, 2026.","jir_og_title":"Ichinen Holdings Announces Merger Between Consolidated Subsidiaries","jir_og_description":"Consolidated subsidiary Nisseki Glass Industry and sub-subsidiary Shinsei Glass will merge to strengthen their business foundation. The merger will take effect on April 1, 2026.","jir_og_image_url":"\/assets\/og\/company-corporate_restructuring.jpg","jir_chart_data_collection":"[]","ir_related_company":17398,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-26108","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n