Aeon Financial Service to absorb ACS Lease subsidiary

AEON Financial Service Co., Ltd. announced a simplified absorption-type merger of its consolidated subsidiary, ACS Lease Co., Ltd., effective February 1, 2026. This strategic move aims to optimize resource allocation within the group and drive further corporate growth by focusing on core payment and overseas expansion. AEON Financial Service will be the surviving entity, and ACS Lease will cease to exist.

As a wholly owned subsidiary, the merger will proceed as a simplified merger for AEON Financial Service and a short-form merger for ACS Lease, bypassing the need for shareholder approval. Post-merger, AEON Financial Service's name, location, representative, business activities, capital, and fiscal year-end will remain unchanged. The company anticipates a minor impact on its consolidated financial results.

ACS Lease, established in November 2015 with capital of JPY 250 million, reported net assets of JPY 1,774 million and total assets of JPY 58,171 million for the fiscal year ended February 28, 2025. AEON Financial Service, with capital of JPY 45,698 million, reported consolidated net assets of JPY 585,766 million and total assets of JPY 7,756,492 million for the same period. The merger facilitates better management of resources and strategic investments.