Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
August 29, 2023
Company Name:
Restar Holdings Corporation
(Code: 3156 Tokyo Stock Exchange Prime
Market)
Name of
Tomoharu Asaka,
Representative:
Representative Director CFO
Contact
Susumu Nishima,
Information:
Corporate Executive Officer in charge
of Public Relations and Investor Relatio
ns
(Tel.: +81-3-3458-4618)
Notice Concerning Absorption-type Merger (Short-form Merger/Simplified Merger) of Consolidated Subsidiaries
The Company hereby announces that at a meeting of the Board of Directors held today, it resolved to carry out an absorption-type merger with Restar Electronics Corporation, Restar Communications Corporation, and Vitec Enesta Co., Ltd., in which the Company will be the surviving company ("the Merger") as disclosed in "Notice Concerning Decision on Basic Policy for Transition from a Pure Holding Company to an Operating Company through a Merger with the Company's Consolidated Subsidiaries" dated May 26, 2023. The Merger is scheduled to take effect on April 1, 2024.
As the Merger is a simplified absorption-type merger involving consolidated subsidiaries, certain disclosures and details have been omitted.
Details
1. Purpose of the Merger
Since the management integration in April 2019, the Restar Group has pursued business based on the spinoff structure in which the Company is a pure holding company under the vision of "We aim to be the "Electronics Value Platformer" that accommodates all manner of stakeholder needs" with a Group-wide mission that is "We help society evolve by leveraging information and technology to create and deliver new value and services." The post-management integration merger of businesses has proceeded smoothly, and there has also been progress in business expansion, including the implementation and realization of Group synergies, a key strategy, in various areas. At the same time, redundant organizational functions and a shortage of human resources have become conspicuous.
Through the Merger, the Group will optimize the allocation of management resources, including human resources and organizations, transform its earnings structure, speed up decision-making, manage businesses flexibly, and expand businesses through M&A, with the aim of increasing the Group's corporate value over the medium to long term.
2. Summary of the Merger and Overview of the Companies Involved in the Merger
The outline is as disclosed in "Notice Concerning Decision on Basic Policy for Transition from a Pure Holding Company to an Operating Company through a Merger with the Company's Consolidated Subsidiaries" dated May 26, 2023.
3. Overview of the Company After the Merger (scheduled for April 1, 2024)
(1) Trade name
Restar Corporation
(2) Head office address
Restar Building, 2-10-9 Konan, Minato-ku, Tokyo
(3) Title and name of
Kunihiro Konno, Representative Director Chairman and President CEO
representative
(4) Main business details
1) Decision of group management strategies, creation of synergies between
1
groups, business management and business support for group companies
2)
Sales of semiconductors, electronic components, and related products in
Japan and overseas; system proposals; provision of high-value-added
solutions and technical support; design and manufacturing; LSI design
development and support; and reliability test service
3)
Proposal, design, construction, maintenance and measurement of
solutions for broadcasting, business, education, medical care/life
sciences, public facilities, factory automation/ security, electronic
measuring instruments, video, audio, communications and measurement
4)
Community coexistence-based operation and management services for
the introduction and popularization of renewable energy from our own
solar power stations (in Japan and overseas) and wind power stations, etc.
(5) Capital
4,383 million yen
(6) Fiscal year-end
March
4. Future Outlook
Since the Merger is a merger with the Company's wholly-owned consolidated subsidiaries, the impact on the Company's consolidated financial results will be immaterial.
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Disclaimer
Restar Holdings Corporation published this content on 01 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2023 08:23:03 UTC.
Restar Corp, formerly known as Restar Holdings Corp, is a Japan-based company engaged in the semiconductor and electronic components business. The Company operates through four business segments. The Semiconductor and Electronic Components segment engages in device business that sells domestic and foreign semiconductors and electronic components, and provides system proposals and other services, as well as the provision of electronics manufacturing service (EMS) for electronic components and modules. The Procurement segment provides operations and proposals for supply chain management. The Electronic Equipment segment engages in electronic equipment business, including video/audio/communication/measurement solutions, design and construction and maintenance engineering, and system equipment business, including the development and manufacture of cashless terminals, among others. The Environmental Energy segment engages in energy business, new power business, and plant factory business.
RESTAR CORPORATION 
