This transaction
Acquisition of shares in “SINGAPORE PAINTS & CONTRACTOR PTE. LTD.” (making it a subsidiary)The impact on consolidated results is immaterial, as it has already been reflected in the earnings forecast for the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in “SINGAPORE PAINTS & CONTRACTOR PTE. LTD.” (making it a subsidiary) |
| Name of the Subject Company | SINGAPORE PAINTS & CONTRACTOR PTE. LTD. |
| Acquisition price | First tranche: S$6.4 million (¥526 million); second tranche: S$3.253 million (¥398 million) (planned) |
| Number of shares acquired | Second tranche: 200,000 shares (shares owned after the transfer: 1,000,000); number of voting rights: Not disclosed |
| Impact on Business Performance | The impact on consolidated results is immaterial, as it has already been reflected in the earnings forecast for the fiscal year ending March 2027. |
| Execution Date / Effective Date | October 2026 (scheduled) |
| Valuation methodology | Share valuation by an independent valuation institution |
Items this document does not state (25)
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 SPC made a bonus issue by capitalizing retained earnings to upgrade its general construction licence, increasing the number of shares. The yen equivalent of the first-tranche acquisition price was revised based on the exchange rate at the time of acquisition, while the second-tranche acquisition price was finalized based on a share valuation by a third-party valuation agency. The postponement of the execution timing was due to significant changes in the business environment caused by the COVID-19 pandemic.