Source disclosure: February 09, 2026
ICHINEN HOLDINGS CO.,LTD. [9619.T]
TOKYO — Ichinen Holdings Co., Ltd. announced on Thursday that its board of directors has approved the merger between two of its subsidiaries, Nisshin Glass Corporation and Nichishin Glass Corporation, effective April 1, 2026.
The company's press release stated that the decision was made during a board meeting held on February 9, 2026. The merger aims to consolidate the expertise accumulated by both companies over time, thereby enhancing their sales capabilities and product development strength. Additionally, it seeks to streamline manufacturing processes through equipment consolidation, ultimately strengthening the business foundation and driving sustainable growth within the group.
Nisshin Glass will be the surviving entity under this absorption-type merger, while Nichishin Glass will dissolve upon completion of the transaction. Both companies operate within Ichinen Holdings' other segment and specialize in glass processing products such as laminated glass, tempered glass, double-glazed glass, and decorative glass. As part of the agreement, no new shares will be issued; instead, the merger will proceed without compensation.
Regarding the specifics of the merging entities, Nisshin Glass is headquartered in Toyama City, Toyama Prefecture, and Nichishin Glass is located in Takayama City, Gifu Prefecture. As of March 31, 2025, Nisshin Glass had a capital stock of ¥45 million and issued 15,000 shares, whereas Nichishin Glass had a capital stock of ¥10 million and issued 500 shares. Financially, Nisshin Glass reported a net income of ¥33.444 million for the fiscal year ending March 2025, compared to Nichishin Glass which incurred a loss of ¥167.522 million due to being operational only since March 31, 2025.
Ichinen Holdings emphasized that the merger would not significantly impact the consolidated performance of the group, given that it involves wholly-owned subsidiaries. The company expects minimal disruption and anticipates positive outcomes from the integration of operations and resources.
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