Buysell Technologies to merge subsidiaries, streamline structure by 2026

Buysell Technologies Co., Ltd. has announced a two-step absorption-type merger process set to become effective on January 1, 2026. The first merger involves Rext Holdings Co., Ltd. (a wholly-owned subsidiary) absorbing five wholly-owned sub-subsidiaries: IZA Inc., Rext Shared Services Inc., Rext Customer Service Inc., Rext Logistics Inc., and Rext Lab Inc. Following this, the second merger will see Buysell Technologies Co., Ltd. absorb Rext Holdings Co., Ltd.

The mergers are intended to optimize management resources, rationalize organizational and business operations, and further create group synergies. No shares or monetary consideration will be allocated as these are mergers involving wholly-owned entities. The first merger's effectiveness is a condition precedent to the second merger. Financial results for December 2024 show Buysell Technologies with 12,494 million yen in net assets (consolidated) and Rext Holdings with -29 million yen (non-consolidated).