This transaction
Acquisition of shares and conversion into a subsidiaryThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Manufacture and sale of cotton swabs and cotton balls
The company resolved to revise upward its earnings forecast for the fiscal year ending March 2027 and revise its dividend forecast to increase the dividend. For details, see the notice titled “Notice Regarding the Upward Revision of the Earnings Forecast and Revision of the Dividend Forecast (Increase in Dividend) for the Fiscal Year Ending March 2027,” disclosed on the same date.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares and conversion into a subsidiary |
| Counterparty name | Not disclosed because the counterparty is an individual |
| Name of the Subject Company | 株式会社山洋 |
| Business Description of the Subject Company | Manufacture and sale of cotton swabs and cotton balls |
| Location of the Subject Company | Tondabayashi, Osaka Prefecture |
| Capital Stock of the Subject Company | ¥60 million |
| Date of Establishment of the Subject Company | 27 May 1980 |
| Net Sales of the Subject Company | ¥3,641 million (fiscal year ended February 2026) |
| Operating Profit of the Subject Company | ¥393 million (fiscal year ended February 2026) |
| Net Income of the Subject Company | ¥406 million (fiscal year ended February 2026) |
| Net Assets of the Subject Company | ¥9,078 million (fiscal year ended February 2026) |
| Acquisition price | Not disclosed due to the confidentiality obligations between the parties |
| Type of Consideration | Cash (予定 to be funded with cash on hand and bank borrowings) |
| Number of shares acquired | 149,516 shares (number of voting rights: 149,516) |
| Voting rights ownership percentage | Before 0％ → after 100％ |
| Funding arrangements | Funding is予定 to be provided through cash on hand and bank borrowings. |
| Impact on Business Performance | The company resolved to revise upward its earnings forecast for the fiscal year ending March 2027 and revise its dividend forecast to increase the dividend. For details, see the notice titled “Notice Regarding the Upward Revision of the Earnings Forecast and Revision of the Dividend Forecast (Increase in Dividend) for the Fiscal Year Ending March 2027,” disclosed on the same date. |
| Date of board resolution | 22 July 2026 |
| Contract Date | 22 July 2026 |
| Execution Date / Effective Date | 21 August 2026 (予定) |
Items this document does not state (12)
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.The objective is to drive growth in high-value-added fields and improve profitability by incorporating 山洋's technological capabilities, quality, brand strength and growth potential in its cotton swab business, while combining these with the Mitsui Matsushima Holdings Group's expertise in cost management and productivity improvement in manufacturing, capital investment, supply capabilities and support for overseas expansion.