Komori
M&A and Subsidiary Changes1802OBAYASHI CORPORATIONConstruction and Materials

Notice Regarding the Simplified Absorption-Type Company Split of the Data Center Business into a Subsidiary

OBAYASHI CORPORATION will transfer its data center business by company split to its wholly owned subsidiary, provisionally named MiTASUN株式会社, which is scheduled to be established in late November 2024. The planned effective date is 1 April 2025, and no shares, cash or other consideration will be delivered.

Worth reading
39Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
18483
Millions of yen
Wording
Conditional
How definitive the wording is.

This transaction

Company split (simplified absorption-type company split)
Counterparty(仮称)MiTASUN株式会社
Disclosing companyOBAYASHI CORPORATION
(仮称)MiTASUN株式会社(承継会社)Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

TimelineThe spacing between the points is proportional to the actual number of days.141 days from 決議 to 実行.White points represent dates designated as scheduled dates in the document.
Target company

Data center business

Location Minato-ku, TokyoShare capital ¥495 millionDate of incorporation 2024 年 11 月下旬(予定)
Consideration and expenses
Acquisition priceNo consideration paid
Type of ConsiderationNo consideration (no shares or other consideration will be delivered).
Impact on Business Performance

本会社分割が当社の連結業績に与える影響は軽微です。

Procedures and assumptions
Conditions Precedent to Execution本会社分割は簡易吸収分割及び略式吸収分割に該当するため、両社とも株主総会の承認決議を経ずに行います。
Management structure after acquisition本会社分割後も当社及び(仮称)MiTASUN株式会社の名称、所在地、事業内容、資本金、決算期に変更はありません。承継会社の代表取締役社長は綱脇彰則です。従業員の処遇はNot disclosed。
This transaction
ItemDetails
Transaction nameCompany split (simplified absorption-type company split)
Counterparty name(仮称)MiTASUN株式会社
Name of the Subject Company(仮称)MiTASUN株式会社(承継会社)
Business Description of the Subject CompanyData center business
Location of the Subject CompanyMinato-ku, Tokyo
Capital Stock of the Subject Company¥495 million
Date of Establishment of the Subject Company2024 年 11 月下旬(予定)
Acquisition priceNo consideration paid
Type of ConsiderationNo consideration (no shares or other consideration will be delivered).
Voting rights ownership percentageAfter 100% (before not disclosed)
Impact on Business Performance本会社分割が当社の連結業績に与える影響は軽微です。
Date of board resolution2024 年 11 月 11 日
Contract Date2024 年 12 月中旬(予定)
Execution Date / Effective Date2025 年4月1日(予定)
Conditions Precedent to Execution本会社分割は簡易吸収分割及び略式吸収分割に該当するため、両社とも株主総会の承認決議を経ずに行います。
Management structure after acquisition本会社分割後も当社及び(仮称)MiTASUN株式会社の名称、所在地、事業内容、資本金、決算期に変更はありません。承継会社の代表取締役社長は綱脇彰則です。従業員の処遇はNot disclosed。
Items this document does not state (16)
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 priceMerger ratio/share exchange ratioTender 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.

中期経営計画2022に掲げる事業ポートフォリオの拡充に向け、建設事業のノウハウ・技術力と開発事業のネットワーク・知見を活用してデータセンター事業を展開するため。また、資産及び権利を新会社に集約し、より機動的な事業展開とグループ経営の効率化を図るため。

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.
Notice Regarding the Simplified Absorption-Type Company Split of the Data Center Business into a Subsidiary | OBAYASHI CORPORATION (1802) timely disclosure | Komori