STcorporation streamlines logistics via subsidiary merger

Stcorporation (TSE:4951) announced the strategic merger of its consolidated subsidiary, S.T. Business Support Co., Ltd. The merger, structured as a simplified, short-form absorption, is slated for completion on July 1, 2025. Stcorporation aims to streamline operations, counter rising costs, and improve group-wide productivity by reorganizing its supply chain for procurement, production, shipping, and delivery. The merger will see S.T. Corporation continue as the surviving entity, with S.T. Business Support dissolving. No new shares will be issued, as the merger is between the parent company and its wholly-owned subsidiary. The company doesn't expect any material impact on its consolidated financial results.