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How definitive the wording is.This transaction
This Transaction / This Tender Offer / This Treasury Share AcquisitionCounterpartyMitsubishi Electric Corporation
Disclosing companyKINDEN 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 Date30 September 2026 (effective date of this treasury share acquisition)
Target company
Electrical equipment construction business (design, construction and contracting for indoor wiring, transmission lines, power generation and substation facilities, telecommunications and air-conditioning) and product sales business (sales of general-purpose electrical equipment, industrial electrical and electronic equipment, and heating, cooling and residential equipment, among others)
Location Chuo-ku, TokyoShare capital ¥1,520 million (as of 31 March 2026)Date of incorporation 25 June 1917
Net Sales¥44,234 million (fiscal year ended March 2026)
Operating profit¥3,893 million (fiscal year ended March 2026)
Net income for the current fiscal year¥2,832 million (fiscal year ended March 2026)
Net assets¥25,182 million (fiscal year ended March 2026)
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 ExecutionResolution approving this treasury share acquisition at the extraordinary general meeting of shareholders dated 30 September 2026
Management structure after acquisitionThe Kodensha,Co.,Ltd. will become a wholly owned subsidiary of きんでん. Representative Director, President and Executive Officer: Kajikawa Yuji (梶川 裕司). Change of corporate name and employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This Transaction / This Tender Offer / This Treasury Share Acquisition |
| Counterparty name | Mitsubishi Electric Corporation |
| Name of the Subject Company | The Kodensha,Co.,Ltd. |
| Business Description of the Subject Company | Electrical equipment construction business (design, construction and contracting for indoor wiring, transmission lines, power generation and substation facilities, telecommunications and air-conditioning) and product sales business (sales of general-purpose electrical equipment, industrial electrical and electronic equipment, and heating, cooling and residential equipment, among others) |
| Location of the Subject Company | Chuo-ku, Tokyo |
| Capital Stock of the Subject Company | ¥1,520 million (as of 31 March 2026) |
| Date of Establishment of the Subject Company | 25 June 1917 |
| Net Sales of the Subject Company | ¥44,234 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥3,893 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥2,832 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥25,182 million (fiscal year ended March 2026) |
| Number of shares acquired | 6 shares; voting rights: Not disclosed |
| Voting rights ownership percentage | Before 40.00% → after 100.00% |
| Impact on Business Performance | The impact of the change in subsidiaries on our consolidated results is currently under review |
| Execution Date / Effective Date | 30 September 2026 (effective date of this treasury share acquisition) |
| Conditions Precedent to Execution | Resolution approving this treasury share acquisition at the extraordinary general meeting of shareholders dated 30 September 2026 |
| Management structure after acquisition | The Kodensha,Co.,Ltd. will become a wholly owned subsidiary of きんでん. Representative Director, President and Executive Officer: Kajikawa Yuji (梶川 裕司). Change of corporate name and employee treatment: Not disclosed |
Items this document does not state (15)
Acquisition priceExpenses 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 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.Because, on the effective date of this treasury share acquisition, The Kodensha,Co.,Ltd. acquired the 6 post-consolidation shares owned by Mitsubishi Electric, resulting in きんでん holding all of The Kodensha,Co.,Ltd.'s voting rights and making it a wholly owned subsidiary.
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