Tokyo Tatemono to absorb resort subsidiary's leasing business

Tokyo Tatemono Co., Ltd. (TSE:8804) announced today its decision to absorb the building leasing business currently managed by its wholly-owned subsidiary, Tokyo Tatemono Resort Co., Ltd. The move, structured as a simplified absorption-type company split, aims to streamline operations and optimize the Group's building business management. The agreement was formalized on March 26, 2025, with an effective date targeted for May 1, 2025. As a simplified split, Tokyo Tatemono will not require shareholder approval. No shares or other compensation will be provided to Tokyo Tatemono Resort Co., Ltd. The move will transfer the resort's building leasing operations, but not employment contracts, to Tokyo Tatemono. Tokyo Tatemono believes the move will be financially neutral.