Komori
M&A and Subsidiary Changes1945TOKYO ENERGY & SYSTEMS INC.Construction and Materials

Notice Regarding the Acquisition of a Subsidiary

The Company acquired shares in 株式会社扶桑 and, effective 1 September 2026, made it a subsidiary in which the Company holds 100% of the voting rights.

Worth reading
36Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
100
%
Wording
Conditional
How definitive the wording is.

This transaction

Making a company a subsidiary (acquisition of shares)
Counterparty (target company)株式会社扶桑
Disclosing companyTOKYO ENERGY & SYSTEMS INC.
Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

Execution Date / Effective Date1 September 2026 (date the company became a subsidiary)
Target company

Staffing services for various maintenance activities at nuclear power plants and other facilities

Location Tokai Village, Naka District, Ibaraki PrefectureShare capital ¥5 millionDate of incorporation May 1983 (month founded)
Impact on Business Performance

The impact on operating results from this transaction is expected to be minor in the short term, but is expected to contribute to enhancing the Company's corporate value over the medium to long term.

This transaction
ItemDetails
Transaction nameMaking a company a subsidiary (acquisition of shares)
Counterparty name株式会社扶桑
Name of the Subject Company株式会社扶桑
Business Description of the Subject CompanyStaffing services for various maintenance activities at nuclear power plants and other facilities
Location of the Subject CompanyTokai Village, Naka District, Ibaraki Prefecture
Capital Stock of the Subject Company¥5 million
Date of Establishment of the Subject CompanyMay 1983 (month founded)
Voting rights ownership percentageAfter 100% (before not disclosed)
Impact on Business PerformanceThe impact on operating results from this transaction is expected to be minor in the short term, but is expected to contribute to enhancing the Company's corporate value over the medium to long term.
Execution Date / Effective Date1 September 2026 (date the company became a subsidiary)
Items this document does not state (22)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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 purpose is to secure personnel with specialized technical expertise in construction, radiation control, safety management and quality control for nuclear power plants and other facilities held by 扶桑, thereby strengthening the construction capabilities of the entire Company Group and contributing to revenue growth and the enhancement of corporate value over the medium to long term.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Acquisition of a Subsidiary | TOKYO ENERGY & SYSTEMS INC. (1945) timely disclosure | Komori