KOSÉ's (TYO:4922) board approved plans to transition to a pure holding company structure through an absorption-type split, with a preparatory company to be established in January, according to a Wednesday filing on the Tokyo Stock Exchange.
This change is subject to approval at the general meeting of shareholders in March.
The transition aims for completion by Jan. 1, 2026. The preparatory company will be a wholly owned subsidiary and will focus on cosmetics manufacturing and sales.
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