Nihon Parkerizing to absorb wholly owned subsidiary Hokkaido Parkerizing

Nihon Parkerizing Co., Ltd. announced on December 25, 2025, its decision to merge with and absorb its wholly-owned consolidated subsidiary, Hokkaido Parkerizing Co., Ltd. The merger, effective April 1, 2026, aims to consolidate management resources and improve business efficiency for sustainable growth within the group. Nihon Parkerizing will be the surviving entity, and Hokkaido Parkerizing will be dissolved.

The merger will proceed via simplified procedures, not requiring general shareholder approval for either company. No new shares or other assets will be allocated as part of this merger, as Hokkaido Parkerizing is a wholly-owned subsidiary. Therefore, there will be no impact on Nihon Parkerizing’s existing company name, location, representative, business activities, capital, or fiscal year-end.

In the fiscal year ended March 2025, Nihon Parkerizing reported net assets of JPY 99,879 million and total assets of JPY 130,262 million, with sales reaching JPY 44,274 million. Hokkaido Parkerizing recorded net assets of JPY 169 million and total assets of JPY 213 million, with sales of JPY 335 million for the same period. The impact of this merger on Nihon Parkerizing’s consolidated financial results is expected to be minor.