J-Group Holdings to absorb two wholly-owned subsidiaries
J-Group Holdings Corp (TSE:3063) announced today the planned absorption of two wholly-owned subsidiaries, J-Cast and A-Round, effective mid-June 2025. The decision, finalized at a board meeting on April 21, 2025, aims to streamline operations and optimize resource allocation within the group. J-Cast's workforce dispatch business has been discontinued due to the recovery of food and beverage demand post-COVID-19, while A-Round currently manages only one restaurant. As both J-Cast and A-Round are expected to be insolvent at the time of the merger, J-Group Holdings will seek shareholder approval. The merger will not impact J-Group Holding's capital, reserves, or consolidated performance significantly.
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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