BlueMeme is planning a corporate reshuffle that would move its low-code and agile DX business into a wholly owned subsidiary and leave the listed parent as a holding company. The board approved and signed the absorption-type split contract on May 29, bringing that step forward from the June 26 contract date the company had indicated a day earlier. If shareholders approve the plan on June 26, and any required regulatory clearances are obtained, the split is scheduled to take effect on Oct. 1.
This is more than a rename, though there is plenty of renaming involved. On Oct. 1, the current parent plans to change its name to BlueMeme Group. The wholly owned subsidiary, currently called Lowcode and incorporated on May 28, is slated to inherit the DX business and then change its name to BlueMeme. The parent’s articles would also be amended so its purpose includes owning shares or interests in companies that run those businesses, rather than simply operating them directly.
BlueMeme says the rationale is governance repair. The company states that it faced issues in the timeliness of disclosure and in internal management, and that the holding-company structure is meant to separate management and oversight from business execution, strengthen groupwide compliance and risk management, and improve the accuracy and transparency of information across the group.
The mechanics are fairly contained because the business is staying inside the group. BlueMeme says Lowcode is wholly owned, so the subsidiary will not pay cash or other consideration for the transferred rights and obligations, and the parent’s capital will not change. The subsidiary is set to assume the assets, liabilities, employment contracts and other rights and obligations tied to the DX business, and the company says it believes both the parent and the subsidiary will remain able to meet their obligations after the split. BlueMeme also says the impact on consolidated results should be minor because the receiving company is a wholly owned subsidiary.
What is being moved is effectively the company’s core operating business. BlueMeme puts sales for the transferred DX business at 2,951,181 thousand yen for the year ended March 31, 2026. As of March 31, the business carried 1,677,239 thousand yen of assets and 1,676,239 thousand yen of liabilities, although the company says those figures are estimates, have not been audited or re-reviewed by its auditor, and could change before Oct. 1.
The governance reset is broader than the carve-out alone. At the same June 26 shareholder meeting, BlueMeme also plans to seek approval to move to an Audit and Supervisory Committee structure. The company says that change would put audit committee members on the board, strengthen oversight using outside directors’ expertise, and allow broader delegation to executive directors for faster decision-making.
For investors, customers and employees, the immediate practical question is simple: whether shareholders sign off on the rewire. Until then, this remains a plan, not a completed reorganization.