Idemitsu Kosan to Merge with RS Energy K.K.

MT Newswires Live

Apr 16, 2025

Idemitsu Kosan (TYO:5019) has resolved to merge with its wholly owned subsidiary, RS Energy K.K., effective July 1, according to a Tuesday filing on the Tokyo Stock Exchange.

The merger, structured as a simple, short-form merger, will see RS Energy absorbed into Idemitsu. As both companies are already aligned, this merger does not require shareholder approval.

The main goal behind this merger is to streamline the operations that were previously integrated under Idemitsu's acquisition of Showa Shell Sekiyu.

By merging the two entities, the company aims to enhance overall productivity. The merger will not involve any financial consideration or the issuance of new share warrants.

Price (JPY): $861.60, Change: $-1.6, Percent Change: -0.19%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2527403588"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2527403588\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2527403588?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-16 08:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2527403588","market":"sh","top_or_hot":-1,"title":"Idemitsu Kosan to Merge with RS Energy K.K.","media":"MT Newswires Live","content":"<html><body><p> Idemitsu Kosan (TYO:5019) has resolved to merge with its wholly owned subsidiary, RS Energy K.K., effective July 1, according to a Tuesday filing on the Tokyo Stock Exchange.</p><p>The merger, structured as a simple, short-form merger, will see RS Energy absorbed into Idemitsu. As both companies are already aligned, this merger does not require shareholder approval.</p><p>The main goal behind this merger is to streamline the operations that were previously integrated under Idemitsu's acquisition of Showa Shell Sekiyu.</p><p>By merging the two entities, the company aims to enhance overall productivity. The merger will not involve any financial consideration or the issuance of new share warrants.</p><p>Price (JPY): $861.60, Change: $-1.6, Percent Change: -0.19%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Idemitsu Kosan to Merge with RS Energy K.K.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIdemitsu Kosan to Merge with RS Energy K.K.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-04-16 08:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Idemitsu Kosan (TYO:5019) has resolved to merge with its wholly owned subsidiary, RS Energy K.K., effective July 1, according to a Tuesday filing on the Tokyo Stock Exchange.</p><p>The merger, structured as a simple, short-form merger, will see RS Energy absorbed into Idemitsu. As both companies are already aligned, this merger does not require shareholder approval.</p><p>The main goal behind this merger is to streamline the operations that were previously integrated under Idemitsu's acquisition of Showa Shell Sekiyu.</p><p>By merging the two entities, the company aims to enhance overall productivity. The merger will not involve any financial consideration or the issuance of new share warrants.</p><p>Price (JPY): $861.60, Change: $-1.6, Percent Change: -0.19%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4006","symbol_name":"钢铁","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2527403588","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2527403588","pubTimestamp":1744763699,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Idemitsu Kosan  has resolved to merge with its wholly owned subsidiary, RS Energy K.K., effective July 1, according to a Tuesday filing on the Tokyo Stock Exchange.The merger, structured as a simple, short-form merger, will see RS Energy absorbed into Idemitsu. As both companies are already aligned, this merger does not require shareholder approval.The main goal behind this merger is to streamline the operations that were previously integrated under Idemitsu's acquisition of Showa Shell Sekiyu.By merging the two entities, the company aims to enhance overall productivity. The merger will not involve any financial consideration or the issuance of new share warrants.Price : $861.60, Change: $-1.6, Percent Change: -0.19%","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4006":"钢铁","JPY":"Lazard Japanese Equity ETF","RS":"Reliance Steel & Aluminum Co"},"translate_title":"出光兴产将与RS Energy K.K.合并。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RS":1,"JPY":1},"content_text":"Idemitsu Kosan (TYO:5019) has resolved to merge with its wholly owned subsidiary, RS Energy K.K., effective July 1, according to a Tuesday filing on the Tokyo Stock Exchange.The merger, structured as a simple, short-form merger, will see RS Energy absorbed into Idemitsu. As both companies are already aligned, this merger does not require shareholder approval.The main goal behind this merger is to streamline the operations that were previously integrated under Idemitsu's acquisition of Showa Shell Sekiyu.By merging the two entities, the company aims to enhance overall productivity. The merger will not involve any financial consideration or the issuance of new share warrants.Price (JPY): $861.60, Change: $-1.6, Percent Change: -0.19%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}