Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
14.4
% (percentage of the Company's revenue)Wording
Definitive
How definitive the wording is.This transaction
This company split (absorption-type company split)Counterpartyコンドミニアム・アセットマネジメント株式会社
Disclosing companyMFS,Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
INVASE business (operation of the online real estate investment service INVASE, brokerage of real estate investment loans, provision of information on real estate investment and related activities)
Net Sales¥333.005 million (fiscal year ended June 2025)
Consideration and expenses
Type of ConsiderationNo consideration (no shares or other consideration will be allocated or delivered)
Impact on Business Performance
The impact of this company split on the Company's consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionAs this is a simplified and abbreviated company split, no general meetings of shareholders will be held by the Company or コンドミニアム・アセットマネジメント株式会社. Other conditions precedent are Not disclosed.
Management structure after acquisitionFollowing the company split, there will be no changes to the names, locations, titles and names of the representatives, business descriptions, capital or fiscal year-end of either company. The acquiring company will assume the employment contracts of the employees engaged in this business.
| Item | Details |
|---|---|
| Transaction name | This company split (absorption-type company split) |
| Counterparty name | コンドミニアム・アセットマネジメント株式会社 |
| Business Description of the Subject Company | INVASE business (operation of the online real estate investment service INVASE, brokerage of real estate investment loans, provision of information on real estate investment and related activities) |
| Net Sales of the Subject Company | ¥333.005 million (fiscal year ended June 2025) |
| Type of Consideration | No consideration (no shares or other consideration will be allocated or delivered) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact of this company split on the Company's consolidated results will be immaterial. |
| Date of board resolution | 21 July 2026 |
| Contract Date | 21 July 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Conditions Precedent to Execution | As this is a simplified and abbreviated company split, no general meetings of shareholders will be held by the Company or コンドミニアム・アセットマネジメント株式会社. Other conditions precedent are Not disclosed. |
| Management structure after acquisition | Following the company split, there will be no changes to the names, locations, titles and names of the representatives, business descriptions, capital or fiscal year-end of either company. The acquiring company will assume the employment contracts of the employees engaged in this business. |
Items this document does not state (20)
Name of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation 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 consolidate the real estate investment-related functions currently dispersed across the Group under コンドミニアム・アセットマネジメント株式会社, thereby speeding up decision-making, optimizing the allocation of management resources and improving operational efficiency, with the aim of enhancing the Group's overall corporate value.
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.