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M&A and Subsidiary Changes1878DAITO TRUST CONSTRUCTION CO.,LTD.Real Estate

Notice Regarding the Full Subsidiarization of THEグローバル社 Co., Ltd.

Daito Trust Construction completed a series of procedures, including a tender offer, share consolidation and acquisition of treasury shares, and made THEグローバル社 a wholly owned subsidiary with 100% voting rights.

Worth reading
66In focus
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
100
Voting rights ownership (%)
Wording
Conditional
How definitive the wording is.

This transaction

This transaction (the tender offer, share consolidation, acquisition of treasury shares and other related procedures)
CounterpartySBI Holdings, Inc.
Disclosing companyDAITO TRUST CONSTRUCTION CO.,LTD.
株式会社 THE グローバル社Voting rights ownership percentageNumber of shares acquired 12,715,775 shares (acquired through the tender offer); the acquisition of treasury shares covered 8 shares, and the number of voting rights was Not disclosed

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

Condominium development, income-producing properties, sales agency services, building management and hotel operations

Location Shinjuku-ku, TokyoShare capital ¥1,924 million (as of 31 December 2025)Date of incorporation 1 July 2010
Net Sales¥61,747 million (fiscal year ended June 2025)
Operating profit¥5,415 million (fiscal year ended June 2025)
Net income for the current fiscal year¥3,683 million (fiscal year ended June 2025)
Net assets¥10,853 million (fiscal year ended June 2025)
Consideration and expenses
Funding arrangementsA third-party allotment of non-voting class shares, with Daito Trust Construction as the subscriber, was conducted to secure the funds and distributable amount required for the acquisition of treasury shares.
Impact on Business Performance

The impact of the change in subsidiaries on our consolidated results is currently under review

Procedures and assumptions
Conditions Precedent to ExecutionApproval at an extraordinary general meeting of shareholders of THEグローバル社 and other requirements relating to the share consolidation, the capital increase and decrease, and the acquisition of treasury shares
Management structure after acquisitionKeiji Okada is listed as Representative Director, President and Executive Officer, but the post-transaction management structure is Not disclosed
This transaction
ItemDetails
Transaction nameThis transaction (the tender offer, share consolidation, acquisition of treasury shares and other related procedures)
Counterparty nameSBI Holdings, Inc.
Name of the Subject Company株式会社 THE グローバル社
Business Description of the Subject CompanyCondominium development, income-producing properties, sales agency services, building management and hotel operations
Location of the Subject CompanyShinjuku-ku, Tokyo
Capital Stock of the Subject Company¥1,924 million (as of 31 December 2025)
Date of Establishment of the Subject Company1 July 2010
Net Sales of the Subject Company¥61,747 million (fiscal year ended June 2025)
Operating Profit of the Subject Company¥5,415 million (fiscal year ended June 2025)
Net Income of the Subject Company¥3,683 million (fiscal year ended June 2025)
Net Assets of the Subject Company¥10,853 million (fiscal year ended June 2025)
Number of shares acquired12,715,775 shares (acquired through the tender offer); the acquisition of treasury shares covered 8 shares, and the number of voting rights was Not disclosed
Voting rights ownership percentageBefore 42.86% → after 100.00%
Funding arrangementsA third-party allotment of non-voting class shares, with Daito Trust Construction as the subscriber, was conducted to secure the funds and distributable amount required for the acquisition of treasury shares.
Impact on Business PerformanceThe impact of the change in subsidiaries on our consolidated results is currently under review
Date of board resolution10 June 2026 (THEグローバル社 Board of Directors)
Execution Date / Effective Date31 July 2026 (effective date of the acquisition of treasury shares)
Conditions Precedent to ExecutionApproval at an extraordinary general meeting of shareholders of THEグローバル社 and other requirements relating to the share consolidation, the capital increase and decrease, and the acquisition of treasury shares
Management structure after acquisitionKeiji Okada is listed as Representative Director, President and Executive Officer, but the post-transaction management structure is Not disclosed
Items this document does not state (13)
Acquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodGoodwill amountAmount of extraordinary income (loss)Contract DateValuation 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.

THEグローバル社 became a wholly owned subsidiary of Daito Trust Construction because it acquired the 8 shares held by SBI Holdings after the share consolidation.

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Notice Regarding the Full Subsidiarization of THEグローバル社 Co., Ltd. | DAITO TRUST CONSTRUCTION CO.,LTD. (1878) timely disclosure | Komori