Worth reading
62In focus
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
68000
Thousands of yen (acquisition price)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of shares in FICounterparty株式会社PDM FAS
Disclosing companyKitahama Capital Partners Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Date of board resolution15 May 2026
Contract Date15 May 2026
Execution Date / Effective Date15 May 2026 (scheduled)
Target company
Type II Financial Instruments Business
Location 1-7, 4-chome, Tatsuda, Kita-ku, Kumamoto CityShare capital ¥81,799,301Date of incorporation 18 November 2011
Net Sales¥0 thousand (fiscal year ended August 2025)
Operating profit¥(1,938) thousand (fiscal year ended August 2025)
Net income for the current fiscal year¥(1,938) thousand (fiscal year ended August 2025)
Net assets¥(20,398) thousand (fiscal year ended August 2025)
Consideration and expenses
Acquisition price¥68,000 thousand for FI's common shares
Type of ConsiderationCash
Funding arrangementsTo be funded with internal funds
Impact on Business Performance
This transaction represents the Group's entry into a new business area and involves uncertainty, as its impact on results may vary depending on the timing of monetization and the status of establishing the business execution framework, among other factors. This transaction has not been incorporated into the full-year earnings forecast for the fiscal year ending March 2027. The Company will promptly disclose any matters that should be announced once the impact on results becomes clear.
Procedures and assumptions
Valuation methodologyDCF method, using both the perpetual growth rate method and the exit multiple method
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in FI |
| Counterparty name | 株式会社PDM FAS |
| Name of the Subject Company | 株式会社FAS INVESTMENT |
| Business Description of the Subject Company | Type II Financial Instruments Business |
| Location of the Subject Company | 1-7, 4-chome, Tatsuda, Kita-ku, Kumamoto City |
| Capital Stock of the Subject Company | ¥81,799,301 |
| Date of Establishment of the Subject Company | 18 November 2011 |
| Net Sales of the Subject Company | ¥0 thousand (fiscal year ended August 2025) |
| Operating Profit of the Subject Company | ¥(1,938) thousand (fiscal year ended August 2025) |
| Net Income of the Subject Company | ¥(1,938) thousand (fiscal year ended August 2025) |
| Net Assets of the Subject Company | ¥(20,398) thousand (fiscal year ended August 2025) |
| Acquisition price | ¥68,000 thousand for FI's common shares |
| Type of Consideration | Cash |
| Number of shares acquired | 12,122 shares (number of voting rights: 121) |
| Voting rights ownership percentage | Before 0％ → after 100％ |
| Funding arrangements | To be funded with internal funds |
| Impact on Business Performance | This transaction represents the Group's entry into a new business area and involves uncertainty, as its impact on results may vary depending on the timing of monetization and the status of establishing the business execution framework, among other factors. This transaction has not been incorporated into the full-year earnings forecast for the fiscal year ending March 2027. The Company will promptly disclose any matters that should be announced once the impact on results becomes clear. |
| Date of board resolution | 15 May 2026 |
| Contract Date | 15 May 2026 |
| Execution Date / Effective Date | 15 May 2026 (scheduled) |
| Valuation methodology | DCF method, using both the perpetual growth rate method and the exit multiple method |
Items this document does not state (11)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodGoodwill amountAmount of extraordinary income (loss)Independent 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.To promptly commence the business and accelerate the development of the asset management business by acquiring FI, which holds a Type II Financial Instruments Business registration.
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.