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M&A and Subsidiary Changes1518MITSUI MATSUSHIMA HOLDINGS CO.,LTD.Information and Communications, Services and Others

Notice Regarding the Acquisition of Shares in Kounan Co., Ltd. (Making It a Subsidiary)

Mitsui Matsushima Holdings decided to acquire all issued shares of 株式会社コウナン and make it a wholly owned subsidiary. The acquisition price is undisclosed due to confidentiality obligations, and the share transfer is scheduled for 28 August 2026.

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This transaction

This share acquisition
CounterpartyNot disclosed because the counterparty is an individual
Disclosing companyMITSUI MATSUSHIMA HOLDINGS CO.,LTD.
株式会社コウナンVoting rights ownership percentageNumber of shares acquired 20 shares (number of voting rights: 20)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.

TimelineThe spacing between the points is proportional to the actual number of days.
Target company

Processing and sale of roll products such as recording paper for receipt rolls, wholesale of paper and paper products, and printing

Location Kadoma, Osaka PrefectureShare capital ¥1 millionDate of incorporation December 1988 (established)
Net Sales¥2,594 million (fiscal year ended July 2025)
Consideration and expenses
Acquisition priceNot disclosed due to the confidentiality obligations between the parties
Type of ConsiderationCash, to be funded from cash and cash equivalents on hand
Funding arrangementsTo be funded from cash and cash equivalents on hand.
Impact on Business Performance

The impact of this share acquisition on the company's consolidated results for the fiscal year ending March 2027 will be immaterial.

Procedures and assumptions
Management structure after acquisitionFollowing this share acquisition, コウナン and MOS will continue to work to maintain and develop strong relationships with customers and business partners and cooperate in pursuing further business growth.
This transaction
ItemDetails
Transaction nameThis share acquisition
Counterparty nameNot disclosed because the counterparty is an individual
Name of the Subject Company株式会社コウナン
Business Description of the Subject CompanyProcessing and sale of roll products such as recording paper for receipt rolls, wholesale of paper and paper products, and printing
Location of the Subject CompanyKadoma, Osaka Prefecture
Capital Stock of the Subject Company¥1 million
Date of Establishment of the Subject CompanyDecember 1988 (established)
Net Sales of the Subject Company¥2,594 million (fiscal year ended July 2025)
Acquisition priceNot disclosed due to the confidentiality obligations between the parties
Type of ConsiderationCash, to be funded from cash and cash equivalents on hand
Number of shares acquired20 shares (number of voting rights: 20)
Voting rights ownership percentageBefore 0.0% → after 100.0%
Funding arrangementsTo be funded from cash and cash equivalents on hand.
Impact on Business PerformanceThe impact of this share acquisition on the company's consolidated results for the fiscal year ending March 2027 will be immaterial.
Contract Date7 August 2026
Execution Date / Effective Date28 August 2026 (scheduled share transfer date)
Management structure after acquisitionFollowing this share acquisition, コウナン and MOS will continue to work to maintain and develop strong relationships with customers and business partners and cooperate in pursuing further business growth.
Items this document does not state (15)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution

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.

As part of its investment policy focused on niche-leading companies, primarily in the manufacturing sector, Mitsui Matsushima Holdings will acquire コウナン, which processes and sells thermal receipt rolls. By leveraging its geographic complementarity with existing group company MOS and sharing manufacturing expertise, the company aims to strengthen its ability to serve customers nationwide, enhance competitiveness and reinforce its business base.

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Notice Regarding the Acquisition of Shares in Kounan Co., Ltd. (Making It a Subsidiary) | MITSUI MATSUSHIMA HOLDINGS CO.,LTD. (1518) timely disclosure | Komori