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NAC makes Yoko a wholly owned subsidiary via simplified share exchange effective Oct. 1

Thu, Oct 01, 2026 16:00 JST NAC Co., Ltd. (9788.T) Services 中文

NAC Co., Ltd. (9788) said it made Yoko Co., Ltd. a wholly owned subsidiary after a simplified share exchange took effect on Oct. 1, 2026.

Effective dateOct. 1, 2026
Stake held100%
Yoko's capital¥20 million
Board resolutionAug. 28, 2026

NAC's board resolved the share exchange on Aug. 28, 2026, with NAC as the wholly owning parent and Yoko as the wholly owned subsidiary. The two companies signed the share exchange agreement the same day, and an extraordinary general meeting of Yoko's shareholders approved the agreement on Aug. 28.

NAC carried out the transaction as a simplified share exchange under Article 796, Paragraph 2 of Japan's Companies Act. It began posting an electronic public notice of the simplified share exchange on Sept. 9, 2026, and received no notices of objection, the company said.

Yoko, based in Ichihara, Chiba Prefecture, operates as a franchisee of Duskin Co., Ltd. NAC noted that Yoko's representative director changed as of Oct. 1, 2026.

ItemDetail
NameYoko Co., Ltd.
LocationIchihara, Chiba Prefecture
BusinessDuskin franchise operations
Capital¥20 million
EstablishedDec. 1, 1994
NAC's stake100%

NAC said it judges the share exchange's impact on its consolidated results to be minor, and that it will promptly disclose any matters that require disclosure.


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