Source disclosure: February 05, 2026
TBS HOLDINGS,INC. [9401.T]
TOKYO, Feb 6 (Reuters) - TBS Holdings Inc., represented by President and CEO Ryujirou Abe, announced on Monday that its wholly-owned subsidiary, TBS Television Co., Ltd., will transfer certain rights and obligations related to real estate assets through an absorption split effective April 1, 2026. The move is part of the company's efforts to enhance capital efficiency as outlined in its "TB Group Mid-term Business Plan 2026."
The primary objective of this absorption split is to improve portfolio management within the media and content sector. Specifically, it involves transferring ownership of the TBS Broadcasting Center located in Minato Ward, Tokyo, from TBS Television to TBS Holdings. This strategic shift aims to optimize asset utilization and streamline operations across the TB Group.
Under the terms of the agreement, which was finalized during a board meeting held on February 5, 2026, no compensation will be exchanged between the two entities involved. Consequently, there will be no changes to the capital stock of either party. Furthermore, the legal framework allows both companies to proceed without shareholder approval due to the nature of the simplified absorption split under relevant sections of Japan’s Companies Act.
Following the completion of the transaction, TBS Holdings will assume all associated rights and responsibilities tied to the transferred property. Management expects minimal disruption to ongoing business activities and anticipates only minor impacts on consolidated earnings performance. According to preliminary forecasts released on November 11, 2025, TBS Holdings projects a slight increase in revenue and profitability for the fiscal year ending March 2026 compared to the previous year.
Note: Financial figures from the earnings presentation have been removed pending correction. For accurate figures, refer to the company's earnings summary (kessan tanshin) filed separately on TDNet.
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