Notice Regarding Absorption-type Merger of a Specified Subsidiary
KDDI CORPORATION
KDDI Corporation (hereinafter "KDDI"), at the meeting of the Board of Directors held today, resolved to merge eight subsidiaries of KDDI*, including J:COM West Co., Ltd. (hereinafter "JCOM West"), a specified subsidiary of KDDI, into J:COM Tokyo Co., Ltd. (hereinafter "JCOM Tokyo"), a subsidiary of KDDI, with April 1, 2026 as the effective date. As a result of this merger, eight subsidiaries of KDDI, including JCOM West, will be dissolved and JCOM West will no longer be a specified subsidiary of KDDI. This matter will be decided by resolutions at the upcoming general shareholders' meetings of the respective companies.
- *J:COM Sapporo Co., Ltd., J:COM Shonan・Kanagawa Co., Ltd., J:COM SAITAMA・HIGASHINIHON Co., Ltd., J:COM Chiba, Co., Ltd., Tsuchiura Cable Television Co., Ltd., J:COM West, J:COM Kyushu Co., Ltd., and Oita Cable Telecom Co., Ltd.
1. Outline of the Merger
JCOM West's business area covers Osaka Prefecture, Kyoto Prefecture, Wakayama Prefecture, and Hyogo Prefecture as a result of previous mergers. To establish a more efficient sales structure and strengthen the management framework within the JCOM Group, KDDI has decided to merge eight subsidiaries of KDDI including, JCOM West, into JCOM Tokyo.
2. Purpose of this Merger
JCOM West was established in February 1997 as Jupiter Kansai Co., Ltd. with capital investment from Jupiter Telecommunications Co., Ltd. (renamed JCOM Co., Ltd. as of July 1, 2021; hereinafter "JCOM"). Through a series of mergers with multiple cable television operators, the company expanded its business scale and now serves 3.81 million households and generates annual sales of 109,322 million yen. Through this reorganization, KDDI aims to further grow its business in each of JCOM's service areas and enhance its corporate value.
3. Outline of JCOM West (As of March 31, 2025)
| (1) | Name | J:COM West Co., Ltd. | ||
|---|---|---|---|---|
| (2) | Location | 2-3-12 Tanimachi, Chuo-ku, Osaka-shi, Osaka | ||
| (3) | Name and title of the representative | Nobuo Ueda, President | ||
| (4) | Business description | Operation of cable television and internet businesses | ||
| (5) | Capital | 15.5 billion yen (As of March 31, 2025) | ||
| (6) | Established | February 3, 1997 | ||
| (7) | Major shareholder and shareholding ratio (As of March 31, 2025) | JCOM Co., Ltd. | 93.20% | |
| (8) | Relationship between KDDI and JCOM West | |||
| Capital relationship | Owns 50% of the shares of JCOM the parent company of JCOM West | |||
| Personnel relationship | - | |||
| Business relationship | Provision of the internet backbone network of JCOM West and wholesale provision of fixed-line telephone services, etc. | |||
| (9) | Operating results for the most recent three years of JCOM West | |||
| Fiscal year | Fiscal year ended March 31, 2023 | Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
| Operating revenue (million yen) | 137,538 | 146,549 | 109,322 | |
| Profit for the year (million yen) | 7,663 | 7,034 | 5,353 | |
4. Outline of the absorbing company in the merger (As of March 31, 2025)
| (1) | Name | J:COM Tokyo Co., Ltd. | ||
|---|---|---|---|---|
| (2) | Location | 1-1-6 Sakuradai, Nerima-ku, Tokyo | ||
| (3) | Name and title of the representative | Takao Kokubu, President | ||
| (4) | Business description | Operation of cable television and internet businesses | ||
| (5) | Capital | 7.524 billion yen (As of March 31, 2025) | ||
| (6) | Established | May 19, 1987 | ||
| (7) | Major shareholder and shareholding ratio (As of March 31, 2025) | JCOM Co., Ltd. | 95.79% | |
| (8) | Relationship between KDDI and JCOM Tokyo | |||
| Capital relationship | Owns 50% of the shares of JCOM the parent company of JCOM Tokyo | |||
| Personnel relationship | - | |||
| Business relationship | Provision of the internet backbone network of JCOM Tokyo and wholesale provision of fixed-line telephone services, etc. | |||
| (9) | Operating results for the most recent three years of JCOM Tokyo | |||
| Fiscal year | Fiscal year ended March 31, 2023 | Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
| Operating revenue (million yen) | 141,080 | 147,595 | 112,597 | |
| Profit for the year (million yen) | 11,405 | 10,666 | 11,661 | |
5. Impact on the business results
This is a reorganization within the JCOM Group and will have a minimal impact on the business results.
6. Effective date of Absorption-type Merger
April 1, 2026 (planned)
- *The information contained in the articles is current at the time of publication.
Products, service fees, service content and specifications, contact information, and other details are subject to change without notice.