santec The Photonics Pioneer

  1. TOP
  2. News
  3. News Release
  4. Notice of the company split and the business transfer between consolidated subsidiaries

Deliver on the dreams and prosperity

Notice of the company split and the business transfer between consolidated subsidiaries

Santec Holdings Corporation (hereinafter the “Company”) has announced that Santec LIS Corporation (hereinafter the “LIS”) and Santec OIS Corporation (hereinafter the “OIS”), wholly-owned subsidiaries of the Company, have today signed the absorption-type company split agreement (hereinafter the “Agreement”) under which the OCT business operated by OIS will be demerged and taken over by LIS.

1. Purpose

Our Company Group shifted to a holding company structure on April 1st, 2023 to clarify responsibilities and authorities, and to promote its business more faster and aggressively.
The purpose of this absorption-type demerger is to improve management efficiency by integrating the OCT business conducted by OIS into LIS, which has a greater business affinity.

2. Essentials

(1)  Schedule

Date of signing the Agreement January 9th, 2025
Shareholders Meeting(plan) January 24th, 2025
Effective date April 1st, 2025
                                          

 
(2)  Structure

This is a company split in which OIS is the splitting company and LIS is the succeeding company.  There will be no change in the company name, location, capital or fiscal year end of the splitting or succeeding company as a result of this structure.


(3)  Rights and obligations to be assumed by the successor company

LIS will succeed all assets, liabilities and all claims & obligations, employment contracts and other rights & obligations (including contractual status) relating to the OCT business as at April 1st, 2025.  The obligations to be succeeded by the successor company (LIS) are guaranteed by the split company (OIS).

 
3.  About Split & Successor Companies

Item

Split Company

Successor Company

Company Name

Santec OIS Corporation

Santec LIS Corporation

Business Description

・    OCT business (development, manufacture and sales of OCT & sensing light sources, OCT systems)

・    Medical business (development, manufacture and sales of medical equipment)

Development, manufacture, and sales of wavelength tunable light sources and measuring instruments

Establishment Date

May 30, 2022

May 30, 2022

Address of Head Office

5823 Ohkusa-Nenjozaka, Komaki, Aichi

5823 Ohkusa-Nenjozaka, Komaki, Aichi

Representative Title & Name

President & CEO

Daisuke Ogawa

President & CEO

Atsushi Morosawa

Capital

10M(JPY)

10M(JPY)

Number of Outstanding Shares

Two (2) hundreds

Two (2) hundreds

Fiscal Year End

The end of March

The end of March

Major Shareholders & Shareholding Ratio

Santec Holdings Corporation

100%

Santec Holdings Corporation

100%


4.  Impact on financial performance

As the split and successor companies are wholly-owned subsidiaries of the Company, this absorption-type demerger will have no impact on the consolidated results of the Company.