Jinushi Co. to absorb six subsidiaries in simplified merger

Jinushi Co., Ltd. (TSE:3252) announced today that its board of directors has resolved to merge six of its wholly-owned subsidiaries: Ichigaya Investment LLC, Marunouchi Land Development LLC, Jingumae Capital LLC, N.Y. Land LLC, H.K. Investment LLC, and Central East LLC. The merger, effective May 12, 2025, is a simplified absorption-type merger, meaning shareholder approval will not be required. The company's decision is part of a procedure to liquidate New Real Property Co. Ltd. (NRP), which became a wholly-owned subsidiary in 2016. Jinushi Co. reported JPY44,800 million in net assets and JPY115,417 million in total assets for fiscal year 2024.