Source disclosure: February 24, 2026
IHI Corporation [7013.T]
TOKYO, Feb 24 (Kyodo) - IHI Corp., headquartered in Koto Ward, Tokyo, announced today that its board has approved the absorption merger of its wholly-owned subsidiary, IHI Segment Co., Ltd. The company aims to streamline operations and enhance efficiency within its group structure through this consolidation.
The merger is scheduled to take effect on April 1, 2026, following the signing of an absorption agreement between both parties on February 24, 2026. Under the terms of the merger, IHI will absorb IHI Segment, which will subsequently be dissolved. This transaction falls under the simplified provisions of Japan's Companies Act, thus bypassing the need for shareholder approval as stipulated by Article 796, Paragraph 2.
In conjunction with the merger, IHI also decided to relinquish approximately ¥34 billion worth of short-term loans extended to IHI Segment on March 31, 2026. This move is intended to eliminate any potential losses arising from the merger before proceeding with the integration process.
IHI Segment was established on July 25, 2025, primarily engaged in real estate management, leasing, and preservation services. It holds a capital stock of ¥30 million compared to IHI’s significantly larger capital base of ¥107,165 million. As of September 30, 2025, IHI owns 100% of IHI Segment's shares. The parent company reported consolidated revenues of ¥1,626,831 million for the fiscal year ending March 2025, with a net income of ¥117,295 million.
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