Tokyo Century to merge with wholly owned subsidiary S.D.L. Co.

Tokyo Century Corporation announced a merger with its wholly owned subsidiary, S.D.L. Co., Ltd., effective April 1, 2026. The merger, approved by Tokyo Century's board of directors on October 15, 2025, aims to consolidate administrative divisions and leverage management resources for greater operational efficiency within the Tokyo Century Group. S.D.L. Co., Ltd. specializes in auto and equipment leasing and rental services.

As Tokyo Century is the surviving company and S.D.L. will be dissolved, no new shares will be issued, nor will cash or other consideration be paid. The merger is classified as a simplified absorption-type merger for Tokyo Century and a short-form merger for S.D.L., meaning no shareholders' meetings are required for approval.

Post-merger, Tokyo Century's company name, business, head office address, representative, capital, and fiscal year-end will remain unchanged. The company expects a minor impact on its consolidated business results due to the merger with a wholly owned subsidiary.