Japan Steel Works to merge subsidiary M&E in 2026
Japan Steel Works announced plans for an absorption-type merger with Japan Steel Works M&E, Inc., aiming to enhance its Material and Engineering Business. The merger, slated for April 1, 2026, seeks to create synergies within the Group, particularly in expanding defense equipment sales to JPY80 billion by fiscal year 2028. By integrating organizations and operating the business through this merger, Japan Steel Works aims to respond quickly to growing social needs, achieve sustainable growth, stably acquire outstanding human resources, and flexibly allocate the management resources of the Group. The merger is a simplified merger for Japan Steel Works and a short-form merger for M&E, requiring no shareholder approval. JPY19.818 billion, while Japan Steel Works M&E, Inc. has a share capital of JPY100 million. In fiscal year 2024, Japan Steel Works (Consolidated) reported net assets of JPY178.613 billion and operating profit of JPY18.014 billion, while Japan Steel Works M&E, Inc. (Non-consolidated) reported net assets of JPY12.719 billion and operating profit of JPY3.358 billion.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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