Worth reading
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Neutral
Direction inferred from the company’s description.Scale
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Conditional
How definitive the wording is.This transaction
This mergerCounterparty株式会社ウエストエネルギーソリューション, 株式会社ウエストビギン
Disclosing companyWest Holdings Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Construction business (surviving company), wholesale of renewable energy-related products (dissolved company)
Location Nishi-ku, Hiroshima, Hiroshima Prefecture (both companies)Share capital ¥110 million (surviving company), ¥300 million (dissolved company)Date of incorporation July 1966 (founded October 1981) (surviving company), March 2006 (dissolved company)
Consideration and expenses
Acquisition priceNo new shares will be issued and no cash or other assets will be allocated
Type of ConsiderationNo consideration (no new shares will be issued and no cash or other assets will be allocated)
Merger ratio/share exchange ratioNot applicable (no new shares will be issued and no cash or other consideration will be allotted in connection with this merger)
Impact on Business Performance
As this is a merger between wholly owned subsidiaries of the Company, the impact on the Company's consolidated results is expected to be minor.
Procedures and assumptions
Conditions Precedent to ExecutionThe shareholders' meeting to approve the merger, scheduled for 29 May 2026
Management structure after acquisitionThere will be no changes to the surviving company's name, head office location, representative, business activities, capital or fiscal year-end as a result of this merger.
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | 株式会社ウエストエネルギーソリューション, 株式会社ウエストビギン |
| Name of the Subject Company | 株式会社ウエストエネルギーソリューション (surviving company), 株式会社ウエストビギン (dissolved company) |
| Business Description of the Subject Company | Construction business (surviving company), wholesale of renewable energy-related products (dissolved company) |
| Location of the Subject Company | Nishi-ku, Hiroshima, Hiroshima Prefecture (both companies) |
| Capital Stock of the Subject Company | ¥110 million (surviving company), ¥300 million (dissolved company) |
| Date of Establishment of the Subject Company | July 1966 (founded October 1981) (surviving company), March 2006 (dissolved company) |
| Acquisition price | No new shares will be issued and no cash or other assets will be allocated |
| Type of Consideration | No consideration (no new shares will be issued and no cash or other assets will be allocated) |
| Merger ratio/share exchange ratio | Not applicable (no new shares will be issued and no cash or other consideration will be allotted in connection with this merger) |
| Voting rights ownership percentage | Before 100% (the Company owns both the surviving and dissolved companies) (after not disclosed) |
| Impact on Business Performance | As this is a merger between wholly owned subsidiaries of the Company, the impact on the Company's consolidated results is expected to be minor. |
| Date of board resolution | 24 April 2026 |
| Contract Date | 24 April 2026 |
| Execution Date / Effective Date | 1 June 2026 (scheduled) |
| Conditions Precedent to Execution | The shareholders' meeting to approve the merger, scheduled for 29 May 2026 |
| Management structure after acquisition | There will be no changes to the surviving company's name, head office location, representative, business activities, capital or fiscal year-end as a result of this merger. |
Items this document does not state (15)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To strengthen the support structure for customers by making effective use of the Group's management resources, improving operational efficiency and speeding up decision-making.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.