Worth reading
69In focus
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
100
% (voting rights ownership ratio)Wording
Conditional
How definitive the wording is.This transaction
This Transaction / This Tender Offer / This Treasury Share AcquisitionCounterpartySumitomo Electric Industries,Ltd.
Disclosing companyDAIWA HOUSE INDUSTRY CO.,LTD.
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
Engineering services related to facility construction, sales of equipment and other activities
Location Nishi-ku, Osaka, Osaka PrefectureShare capital ¥6,440 million (as of 30 September 2025)Date of incorporation 20 April 1950
Net Sales¥203,639 million (fiscal year ended March 2025)
Operating profit¥17,886 million (fiscal year ended March 2025)
Net income for the current fiscal year¥12,800 million (fiscal year ended March 2025)
Net assets¥119,178 million (fiscal year ended March 2025)
Consideration and expenses
Funding arrangementsA third-party allotment of shares, underwritten by our company, will be carried out to secure the funds required to execute this treasury share acquisition and the amount available for distribution
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 ExecutionA resolution at the extraordinary general meeting of shareholders held on 16 March 2026 regarding the implementation of this treasury share acquisition
Management structure after acquisition住友電設 became a wholly owned subsidiary of 大和ハウス工業. Details regarding the corporate name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This Transaction / This Tender Offer / This Treasury Share Acquisition |
| Counterparty name | Sumitomo Electric Industries,Ltd. |
| Name of the Subject Company | 住友電設株式会社 |
| Business Description of the Subject Company | Engineering services related to facility construction, sales of equipment and other activities |
| Location of the Subject Company | Nishi-ku, Osaka, Osaka Prefecture |
| Capital Stock of the Subject Company | ¥6,440 million (as of 30 September 2025) |
| Date of Establishment of the Subject Company | 20 April 1950 |
| Net Sales of the Subject Company | ¥203,639 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | ¥17,886 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥12,800 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥119,178 million (fiscal year ended March 2025) |
| Number of shares acquired | 17 shares (number of voting rights: Not disclosed) |
| Voting rights ownership percentage | Before 43.33% → after 100.00% |
| Funding arrangements | A third-party allotment of shares, underwritten by our company, will be carried out to secure the funds required to execute this treasury share acquisition and the amount available for distribution |
| Impact on Business Performance | The impact of the change in subsidiaries on our consolidated results is currently under review |
| Date of board resolution | 7 January 2026 |
| Execution Date / Effective Date | 24 March 2026 (effective date of this treasury share acquisition) |
| Conditions Precedent to Execution | A resolution at the extraordinary general meeting of shareholders held on 16 March 2026 regarding the implementation of this treasury share acquisition |
| Management structure after acquisition | 住友電設 became a wholly owned subsidiary of 大和ハウス工業. Details regarding the corporate name, representative and treatment of employees: 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.To make 住友電設 a wholly owned subsidiary of 大和ハウス工業 by having 住友電設 acquire the 17 shares scheduled to be sold by Sumitomo Electric Industries,Ltd.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.