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Business alliance1878DAITO TRUST CONSTRUCTION CO.,LTD.Real estate

Notice of Execution of Agreement Concerning Shares in Equity-Method Affiliate Solasto Corporation

DAITO TRUST CONSTRUCTION CO.,LTD. will transfer all of its Solasto Corporation shares to Solasto Corporation and terminate its capital and business alliance with Solasto Corporation. Following the transfer, Solasto Corporation is expected to cease being an equity-method affiliate of DAITO TRUST CONSTRUCTION CO.,LTD.

Worth reading
80Important
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
100
¥ hundred million
Wording
Conditional
How definitive the wording is.

Agreements reached under this partnership

Discontinuation
1878DAITO TRUST CONSTRUCTION CO.,LTD.
Alliance partnerSolasto Corporation
Details of the alliance
  1. 1

    The Company will not tender any of its Solasto Corporation shares in the tender offer by the offeror for shares issued by Solasto Corporation, which is the Company’s equity-method affiliate.

  2. 2

    Following the successful completion of the tender offer, procedures including a consolidation of Solasto Corporation shares will be carried out to ensure that Solasto Corporation’s only shareholders are the Company and the offeror. If Solasto Corporation’s employee shareholding association agrees to continue holding Solasto Corporation shares by the end of the tender offer period, the employee shareholding association will also be included.

  3. 3

    The Company will transfer its Solasto Corporation shares to Solasto Corporation through Solasto Corporation’s acquisition of treasury shares.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

Capital and personnel relationships

This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).

0.00%Our ownership stake in the partner’s shares
Shareholding ratio 0% (voting rights ownership)
Dispatch of directors and officersOne director of the Company also serves as an outside corporate auditor of Solasto Corporation. Post-transaction dispatch and acceptance arrangements: not disclosed
Shareholding PolicyThe Company plans to transfer all of its Solasto Corporation shares.
Change in major shareholdersDAITO TRUST CONSTRUCTION CO.,LTD., 34.64% (as of 30 September 2025) → DAITO TRUST CONSTRUCTION CO.,LTD., 0%(Down 34.64 percentage points)
About the partner
Business DescriptionMedical services, nursing care services and childcare services
LocationMinato-ku, Tokyo
Share capital¥686 million (as of 30 September 2025)
Net Sales¥137,435 million (fiscal year ended March 2025)
Operating profit¥7,017 million (fiscal year ended March 2025)
Impact on Business Performance

From around August 2026 onward, the Company is expected to record approximately ¥10 billion as extraordinary income. Solasto Corporation will cease to be an equity-method affiliate of the Company, and this capital and business alliance agreement will terminate.

Contract Date24 March 2026Share Acquisition Date and Payment DateAround August 2026 (予定)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerSolasto Corporation
Alliance partner's business activitiesMedical services, nursing care services and childcare services
Alliance partner's locationMinato-ku, Tokyo
Alliance partner's capital¥686 million (as of 30 September 2025)
Alliance partner's net sales¥137,435 million (fiscal year ended March 2025)
Alliance partner's operating income¥7,017 million (fiscal year ended March 2025)
Type of allianceDiscontinuation
Details of the allianceThe Company will not tender any of its Solasto Corporation shares in the tender offer by the offeror for shares issued by Solasto Corporation, which is the Company’s equity-method affiliate., Following the successful completion of the tender offer, procedures including a consolidation of Solasto Corporation shares will be carried out to ensure that Solasto Corporation’s only shareholders are the Company and the offeror. If Solasto Corporation’s employee shareholding association agrees to continue holding Solasto Corporation shares by the end of the tender offer period, the employee shareholding association will also be included., The Company will transfer its Solasto Corporation shares to Solasto Corporation through Solasto Corporation’s acquisition of treasury shares.
Shareholding ratio34.64% (ownership interest) / 35.07% (voting rights ownership) → 0% (voting rights ownership)(Down 35.07 percentage points (voting rights ownership))
Dispatch of directors and officersOne director of the Company also serves as an outside corporate auditor of Solasto Corporation. Post-transaction dispatch and acceptance arrangements: not disclosed
Shareholding PolicyThe Company plans to transfer all of its Solasto Corporation shares.
Contract Date24 March 2026
Share Acquisition Date and Payment DateAround August 2026 (予定)
Impact on Business PerformanceFrom around August 2026 onward, the Company is expected to record approximately ¥10 billion as extraordinary income. Solasto Corporation will cease to be an equity-method affiliate of the Company, and this capital and business alliance agreement will terminate.
Change in major shareholdersDAITO TRUST CONSTRUCTION CO.,LTD., 34.64% (as of 30 September 2025) → DAITO TRUST CONSTRUCTION CO.,LTD., 0%(Down 34.64 percentage points)
Items this document does not state (8)
Number of shares acquiredAcquisition priceOverview of the joint ventureOwnership ratioContract PeriodNumerical targets under the allianceDate of board resolutionAlliance start date

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.

DAITO TRUST CONSTRUCTION CO.,LTD. determined that, given the limited benefits currently being generated from the companies’ collaboration and sharing of know-how, transferring its shares to a third party would be desirable from the perspective of securing and enhancing the corporate value of both companies and their shareholders’ common interests. The funds received from the transfer are also expected to be allocated to strategic investments in the real estate development and overseas businesses.

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Notice of Execution of Agreement Concerning Shares in Equity-Method Affiliate Solasto Corporation | DAITO TRUST CONSTRUCTION CO.,LTD. (1878) timely disclosure | Komori