1. What is the Monami Merger?

Monami will merge with Hanso and Monami Imaging Solutions to improve management efficiency and financial structure. The merger date is scheduled for November 11, 2025.

2. Why the Merger?

Monami experienced declining performance in the first half of 2025, including a decrease in consolidated revenue, operating loss, and net loss. Sales declined in all business segments, including stationery and computer consumables, and the high debt ratio is a financial burden. To overcome this situation, Monami aims to improve profitability by streamlining its organizational structure and increasing management efficiency through the merger.

3. What are the Potential Outcomes?

  • Positive Impacts: Increased management efficiency, improved financial structure, potential business synergy
  • Negative Impacts: Merger costs, integration risks, potential deterioration of financial status, synergy uncertainty

While the merger may lead to increased management efficiency and improved financial structure, there are also risks such as merger costs, difficulties in the integration process, and unexpected deterioration of financial status. The uncertainty of synergy effects should also be considered.

4. What Should Investors Do?

The current investment recommendation is ‘Hold’. The positive effects of the merger are still uncertain, and the actual synergy creation and improvement in financial soundness after the merger should be confirmed. Investors should closely monitor the financial statements, cost reduction effects, and synergy creation announced after the merger completion.