Source disclosure: February 06, 2026
KOBELCO WIRE COMPANY,LTD. [5660.T]
TOKYO, Feb 06 (Pulse News Wire) – Kobelco Wire Company,ltd. (5660.T) announced today that its board of directors has resolved to absorb its fully-owned subsidiary, Oimo Rope Processing Co., Ltd., effective April 1, 2026.
The merger aims to enhance production and quality department coordination and improve operational efficiency by integrating Oimo's operations into the parent company’s manufacturing division. Under the simplified absorption merger provisions of the Companies Act, the transaction does not require shareholder approval. As a result, certain disclosure items have been abbreviated.
For the fiscal year ending March 31, 2025, Kobelco Wire reported revenue of ¥34.29 billion, operating profit of ¥1.167 billion, and net income of ¥21 million. The capital structure remains unchanged post-merger, with no adjustments to shares or monetary equivalents. This consolidation is expected to have minimal impact on the group's consolidated performance due to Oimo being a wholly owned subsidiary.
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