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Fuji Electric to Absorb Wholly Owned Finance Subsidiary in April 2027 Merger

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Fuji Electric (TYO:6504) has resolved to merge with its wholly owned subsidiary, Fuji Electric Finance and Accounting Support, effective date of April 1, 2027.

Fuji Electric will be the surviving company, and Fuji Electric Finance and Accounting Support Co. will be dissolved, according to a bourse filing on Thursday.

The decision aims to improve group management efficiency and respond to changes in the business environment, as the subsidiary has been handling accounts receivable, accounting, and financial services for Fuji Electric.

As a simple absorption-type merger of a wholly owned subsidiary, the transaction does not require shareholder approval, and no new shares or cash will be issued in exchange.

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