Worth reading
38Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
40000
SharesWording
Conditional
How definitive the wording is.This transaction
This share acquisitionDisclosing companyNAKANO CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Execution Date / Effective Date1 July 2026 (acquisition completed and company converted into a subsidiary)
Target company
Civil engineering and construction businesses
Location Azumino, Nagano PrefectureShare capital ¥40 millionDate of incorporation 12 August 1968
Net Sales¥445 million (fiscal year ended June 2025)
Consideration and expenses
Acquisition priceNot disclosed following discussions with the counterparty to the share acquisition
Impact on Business Performance
If any matter requiring disclosure arises concerning the impact of this share acquisition on our consolidated results, we will disclose it promptly.
Procedures and assumptions
Valuation methodologyAn amount calculated using a fair method with reference to an expert opinion
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| Name of the Subject Company | 振興建設 Co., Ltd. |
| Business Description of the Subject Company | Civil engineering and construction businesses |
| Location of the Subject Company | Azumino, Nagano Prefecture |
| Capital Stock of the Subject Company | ¥40 million |
| Date of Establishment of the Subject Company | 12 August 1968 |
| Net Sales of the Subject Company | ¥445 million (fiscal year ended June 2025) |
| Acquisition price | Not disclosed following discussions with the counterparty to the share acquisition |
| Number of shares acquired | 40,000 shares (number of voting rights: Not disclosed) |
| Voting rights ownership percentage | Before 0％ → after 100％ |
| Impact on Business Performance | If any matter requiring disclosure arises concerning the impact of this share acquisition on our consolidated results, we will disclose it promptly. |
| Execution Date / Effective Date | 1 July 2026 (acquisition completed and company converted into a subsidiary) |
| Valuation methodology | An amount calculated using a fair method with reference to an expert opinion |
Items this document does not state (19)
Counterparty nameOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
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 expand the civil engineering business by preventing the loss of order opportunities due to labor shortages, reducing procurement costs and improving competitiveness through the in-house execution of asphalt paving work, expanding the business area, and creating group synergies.
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.