Tokyo Tatemono simplifies structure with subsidiary split

Tokyo Tatemono Co., Ltd. announced a simplified absorption-type company split with its wholly owned subsidiary, Tokyo Tatemono Resort Co., Ltd, consolidating the building leasing business to optimize its operational structure. The board resolved the split on March 26, 2025, with an effective date of May 1, 2025, pending shareholder approval from the Resort subsidiary. As an absorption-type split, Tokyo Tatemono will succeed all related rights and obligations, excluding employment contracts, with no changes to its capital. The Resort company had ¥6.017 billion in net assets, ¥16.010 billion in operating revenue, and ¥1.242 billion in profit at the end of fiscal 2024. The company split is not expected to have a material impact on Tokyo Tatemono's consolidated financial results.