JK Holdings Co., Ltd. JK Holdings Group implemented restructuring within the group (absorption-type split with Plec Component as the splitting company and Nihon Paneform as the succeeding company)

JK Holdings Co., Ltd.
JK Holdings Group implements restructuring within the group
(absorption-type split with Plec Component as the splitting company and Nihon Paneform as the succeeding company)
Maximize Group-wide synergies and promote the strengthening of the wood processing business

JK Holdings Co., Ltd. (Koto-ku, Tokyo; President: Keiichiro Aoki; hereinafter referred to as JKHD), a consolidated subsidiary of Plec Component Co., Ltd. (Higashi-Hiroshima City, Hiroshima; President: Masayoshi Tsuji; hereinafter referred to as Plec) We would like to inform you that our subsidiary Nippon Paneform Co., Ltd. (Koto-ku, Tokyo, President Koji Hasegawa / hereinafter referred to as NIPPANE) will carry out an absorption-type company split to succeed the rights and obligations of the wood processing industry.
1. About JKHD Group and JKHD
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The JKHD Group’s corporate philosophy is to “create a comfortable and rich living environment.” Aiming for further development and evolution in the field related to “housing”, we are developing community-based businesses with 62 group companies and about 300 bases nationwide. 　JKHD is responsible for the management and operation of the entire group as the holding company of the JKHD Group.
2. Purpose of the Split
　Our group has started various initiatives with “rationalization and efficiency of management” and “maximization of synergy effects for the entire group” as important measures.
Now, we will further promote these efforts, develop a system for more integrated management, and streamline and improve the efficiency of the entire business. have decided to
3. Overview of the split
An absorption-type split will be implemented with Plec as the splitting company and Nippane as the succeeding company.
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4. Summary of the Split
■ Schedule of absorption-type company split
Date of conclusion of the absorption-type company split agreement: February 22, 2023 (planned)
　March 31, 2023 (planned)
■ Division method
　Prec will be dissolved in an absorption-type company split, with Plec as the splitting company and Nippon Pane as the succeeding company. 5. Overview of the companies concerned (as of the date of this disclosure) [Image 3
6. Financial condition and operating results for the most recent fiscal year (fiscal year ending March 31, 2022)
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7. Status after the split
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