TOKYO, Apr 14 (Pulse News Wire) – Asnova CO.,LTD. (9223.T) announced today that its board approved plans to establish a holding company structure through a single share transfer effective Oct.
1, 2026. The move aims to enhance strategic flexibility and governance. Under the plan, ASNOVA will become a wholly-owned subsidiary of newly established ASNOVA Companies, which will apply for listing on the Tokyo Stock Exchange's Growth Market and Nagoya Stock Exchange's Next Market. ASNOVA shares will delist Sept. 29, 2026.
Shareholders will receive one share of the holding company for each ASNOVA share held prior to the transfer. The transition is expected to facilitate more efficient management and resource allocation across the group while strengthening overall corporate governance. It also aligns with ASNOVA’s vision of becoming a high-revenue global rental business excellence company by 2030. Key details: - Capital: ¥247.5 million (as of Sept. 30, 2025) - Revenue: ¥3,141,006 thousand (FY2025) - Net profit: -¥24,765 thousand (FY2025) - Major shareholders: General Corporation Nichiren (41.26%), Masaharu Nakamura (0.96%), Mitsubishi UFJ Securities (0.52%) This restructuring follows approval at the upcoming annual general meeting scheduled for June 25, 2026.
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