Source disclosure: February 13, 2026
Excite Holdings Co.,Ltd. [5571.T]
TOKYO — Excite Holdings Co., Ltd. announced on February 13, 2026, that its board of directors has approved the merger between two of its subsidiaries, Excite Corporation and iXIT Corporation (hereinafter referred to as "the merger"). The company's representative director and CEO, Shinya Nishio, made this disclosure through a statement issued by the firm.
The purpose of the merger is to consolidate the operations of SaaS and DX businesses conducted by both companies under one entity. This move aims to enhance the group’s operational efficiency and decision-making processes while accelerating growth in both SaaS and DX sectors. By integrating these operations, Excite Holdings seeks to achieve sustainable value enhancement across its entire business portfolio.
Regarding the specifics of the merger, it was decided during the board meeting held on February 13, 2026. The anticipated timeline includes the approval from shareholders' meetings scheduled for March 31, 2026, with the effective date set for April 1, 2026. Under the terms of the agreement, Excite Corporation will continue as the surviving entity, absorbing iXIT Corporation without issuing new shares or distributing cash equivalents. Both entities share the same headquarters located in Minato Ward, Tokyo, Japan, and have identical executive leadership led by Mr. Shinya Nishio.
Financially, Excite Corporation reported total assets of ¥5.529 billion and net assets of ¥4.513 billion for the fiscal year ending March 2025, compared to iXIT Corporation's figures of ¥373 million in total assets and ¥283 million in net assets. Revenue generated by Excite Corporation stood at ¥7.382 billion, whereas iXIT Corporation achieved ¥536 million in sales over the same period. The merger is expected to streamline operations within the Excite Holdings Group, thereby having minimal impact on the consolidated financial performance of the parent company.
AI-translated content. 🟢 Confidence: High See terms • Original filing