Takamiya : Notice regarding absorption-type merger between wholly owned subsidiaries
July 26, 2022 at 03:59 am EDT
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Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Press release on July 22, 2022 Takamiya Co., Ltd.
Representative Director, President and Chairman: Kazumasa Takamiya
Listed on: Tokyo Stock Exchange Prime Market
Stock code: 2445
Notice regarding absorption-type merger between wholly owned subsidiaries
We are pleased to announce that at Board of Directors held today, we have resolved to carry out an absorption-type merger (Hereinafter referred to as the "Merger") with TOTAL TOSHISEIBI Co., Ltd., a wholly owned subsidiary of the Company (Hereinafter referred to as "TOTAL TOSHISEIBI"), as the Surviving Company and NEXTECH Co., Ltd., the wholly owned subsidiary of the Company (Hereinafter referred to as "NEXTECH"), as the Merging Company. Since this merger is an absorption-type merger between wholly owned subsidiaries of the Company, some disclosure items and details are omitted.
1. Purpose of the merger
As a platformer in the scaffolding and construction materials industry, the Group is working to reorganize its business bases and subsidiaries with the aim of improving customer benefits and strengthening the Group's profitability by expanding the functions of the platform.
TOTAL TOSHISEIBI is developing a rental business of underground support materials for urban redevelopment project construction and a rental and sales business of temporary equipment for shield construction. NEXTECH is developing a rental business for stainless steel formwork for civil engineering work and is expanding the rental business for construction work as well. Both companies have strengths in temporary equipment and technology specialized in formwork support work.
Through this merger, we aim to expand the platform business and increase corporate value by strengthening our technical proposal capabilities in the specialized construction field and efficiently managing management resources.
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2. Summary of the merger
(1) Merger schedule
Board of Directors Resolution on the Merger (TOTAL TOSHISEIBI & NEXTECH) July 22, 2022
Merger contract conclusion date July 22, 2022
Resolution of the General Meeting of Shareholders Concerning the Merger (NEXTECH*)
August 9, 2022 (planed)
The date on which the merger takes effect October 1, 2022 (planned)
*Since TOTAL TOSHISEIBI falls under the simplified merger stipulated in Article 796, Paragraph 2 of the Companies Act, we will not hold a general meeting of shareholders regarding the approval of the merger agreement..
(2) Merger method
Since it is an absorption-type merger with TOTAL TOSHISEIBI as the surviving company, NEXTECH will be dissolved on the effective date.
(3) Details of allocation related to merger
Since this is a merger between wholly owned subsidiaries of the Company, no shares or other money will be delivered or allotted at the time of the merger.
Handling of Share Option and bonds with Share option of Merging company. Not applicable.
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3. Overview of the companies involved in the merger
Surviving company
Merging company
(1) Name
TOTAL TOSHISEIBI
NEXTECH Co., Ltd.,
Co., Ltd.,
(2)
Head office location
3-10-5 Nihonbashi,
3-1Ofuka-cho,
Chuo-ku, Tokyo
Kita-ku, Osaka
(3)
Position and name of
Hideo Kato,
Shu Yamanashi,
the representative
President and CEO
President and CEO
(4)
Business content
Support work
Sale and rental of
leasing business for
temporary equipment for
civil engineering and
civil engineering and
design of support work and
construction
its technical guidance and
(Scaffolding, Formwork,
rental and sale of
Support materials)
temporary equipment for
shield work
(5)
Capital
30 million yen
25 million yen
(6)
Date of establishment
February 25, 2005
December 8, 1986
(7)
Number of
600 shares
800 shares
issued shares
(8)
Fiscal year
March 31
March 31
(9)
Major shareholders
Takamiya Co., Ltd.
Takamiya Co., Ltd.
and equity ratio
100%
100%
4. Status after the merger
The merger will not change the surviving company's trade name, head office location, representative position / name, capital stock, and fiscal year end.
5. Outlook
Since this merger is a merger between wholly owned subsidiaries of the Company, its impact on consolidated business results will be minor.
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Disclaimer
SRG Takamiya Co. Ltd. published this content on 26 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2022 07:58:08 UTC.
Takamiya Co., Ltd., formerly SRG TAKAMIYA CO., LTD., is a Japan-based company principally engaged in the development, production, sales and rental of temporary machinery and materials for construction use. The temporary materials of the Company include exterior scaffoldings, false work materials, hanging scaffoldings, forming materials, safety and curing materials, as well as temporary roof materials, among others. The Company operates in three segments. The Sales segment is engaged in the manufacture and sales of machinery and materials for construction use. The Rental segment is engaged in the rental of machinery and materials for construction use. The Overseas segment is engaged in the sale and rental of temporary machinery and materials for construction use overseas.