Hoosiers Holdings to merge two subsidiaries

Hoosiers Holdings announced on December 19, 2025, that its board approved an absorption-type merger between consolidated subsidiaries Hoosiers Corporation (HC) and Hoosiers Asset Management (HAM). HC will be the surviving company, while HAM will be dissolved. The merger, effective April 1, 2026, aims to reintegrate business operations and centralize management, focusing on concentrating resources and improving the group's corporate value.

Key dates for the merger include the board resolution and merger agreement signing on December 19, 2025, and January 16, 2026, respectively. The merger will occur between 100% consolidated subsidiaries, thus involving no issuance of new shares or allocation of cash. HAM is classified as a specified subsidiary, and its dissolution will occur on the effective date.

As of March 2025, HC reported net assets of JPY 26,510 million and total assets of JPY 95,053 million, with revenue of JPY 56,018 million and a net profit of JPY 3,527 million. HAM, as of the same period, reported net assets of JPY 7,896 million and total assets of JPY 51,858 million, with revenue of JPY 19,132 million and a net profit of JPY 1,544 million. The impact on Hoosiers Holdings' consolidated performance is expected to be minor.