- May 8, 2018
- Press Release
Company Name : Capcom Co., Ltd.
Representative: Haruhiro Tsujimoto, President and COO
(Code No. 9697 First Section of Tokyo Stock Exchange)
Contact: Public Relations and Investor Relations Section
Phone Number: +81-6-6920-3623
Notice Regarding Recording of Extraordinary Income (Non-Consolidated) as a Result of Absorption-Type Merger with Consolidated Subsidiary
As Capcom Co., Ltd. announced in the January 31, 2018 news release entitled "Notice Regarding Absorption-Type Merger (Simplified Merger and Short Form Merger) with Consolidated Subsidiary," Capcom carried out an absorption-type merger with its wholly-owned subsidiary, Captron Co., Ltd., effective April 1, 2018. As a result of the merger, Capcom will record a "gain on extinguishment of tie-in shares" as extraordinary income resulting from an absorption-type merger with a consolidated subsidiary in its non-consolidated financial statements for the year ending March 31, 2019. Details are as follows:
1. Details of extraordinary income
As of the effective date of the merger (April 1, 2018), Capcom will record the difference between the net assets received from the dissolved company (Captron Co., Ltd.) and the book value of the shares of that company (tie-in shares), which is approximately 3 billion yen, as extraordinary income in the form of a gain on extinguishment of tie-in shares in its non-consolidated financial statements for the year ending March 31, 2019.
2. Impact on the consolidated financial results for the year ending March 31, 2019
As the income in question will be eliminated from the consolidated financial statements, there will be no impact on Capcom's consolidated financial results for the year ending March 31, 2019.
Inquiries regarding the above information may be directed to:
Capcom Co., Ltd.
Public Relations and Investor Relations Section
(Address) 3-1-3, Uchihiranomachi, Chuo-ku, Osaka, 540-0037, Japan
(Tel)+81-6-6920-3623 (Fax) +81-6-6920-5108