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In this environment, the NTN Group is promoting various programs as outlined in its “Rapid Advance 21” medium-term business plan, which began from April 2004. These programs are aimed at strengthening profitability, and included active marketing in response to strong demand growth, productivity improvements, and reducing variable cost.
Notice regarding Absorption Merger of Consolidated .
The consolidated subsidiaries will be dissolved via the absorption merger method with NTN as the surviving company. (3) Allocation pertaining to the merger. Since NTN owns all of the outstanding shares of the consolidated subsidiaries, no shares or other money will be allocated at the time of the merger.