THE NIHON SEIMA CO.,LTD. [3306.T]
TOKYO, Apr 15 (Pulse News Wire) – THE Nihon Seima CO.,LTD. (3306.T) announced today that its board of directors, held, resolved to transition to a holding company structure and establish a spin-off subsidiary.
The move follows an initial announcement on January 19, 2026, aimed at sustainable growth and enhancing corporate value. Under the plan, Nihon Seima will undergo an absorption split, transferring its operations to the newly established subsidiary by October 1, 2026. The subsidiary, which will hold a capital investment of 1489 shares, will operate food, industrial materials, and mattress businesses. Key milestones include the establishment of the subsidiary on May 1, 2026, and the signing of the absorption agreement on May 14, 2026, pending approval at the annual shareholders' meeting in late June 2026.
The subsidiary, named Nihon Seima Split Preparation Corporation, will be headquartered in Toyama, Tonami Shi Shimonaka and maintain a capital of ¥1 million. It will be led by President Yasuhisa Ueki, who also serves as president of Nihon Seima. The subsidiary will initially issue 100 shares and adopt March 31 as its fiscal year-end. Nihon Seima anticipates minimal impact on its performance due to the restructuring.
Further details regarding the transition and absorption split will be disclosed upon finalization.
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