Worth reading
45Recurring
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
49
Percentage of voting rights held (before the change, %)Wording
Conditional
How definitive the wording is.This transaction
This share transferCounterpartyLT Foods Limited
Disclosing companyKAMEDA SEIKA 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.White points represent dates designated as scheduled dates in the document.
Target company
Manufacture of rice snacks in India and sales in India and overseas
Location Gurgaon, Haryana, IndiaShare capital 571 million rupeesDate of incorporation 14 March 2017
Net Sales140.972 million rupees (fiscal year ending March 2026)
Operating profit-58.415 million rupees (fiscal year ending March 2026)
Net income for the current fiscal year-121.114 million rupees (fiscal year ending March 2026)
Net assets-31.703 million rupees (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceAs the transfer price is less than 15% of consolidated net assets at the end of the immediately preceding fiscal year, and pursuant to the confidentiality agreement between the parties, we will refrain from disclosing it.
Impact on Business Performance
The impact on consolidated results for the cumulative second quarter and full fiscal year ending March 2027 is expected to be immaterial.
| Item | Details |
|---|---|
| Transaction name | This share transfer |
| Counterparty name | LT Foods Limited |
| Name of the Subject Company | KAMEDA LT FOODS (INDIA) PRIVATE LIMITED |
| Business Description of the Subject Company | Manufacture of rice snacks in India and sales in India and overseas |
| Location of the Subject Company | Gurgaon, Haryana, India |
| Capital Stock of the Subject Company | 571 million rupees |
| Date of Establishment of the Subject Company | 14 March 2017 |
| Net Sales of the Subject Company | 140.972 million rupees (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | -58.415 million rupees (fiscal year ending March 2026) |
| Net Income of the Subject Company | -121.114 million rupees (fiscal year ending March 2026) |
| Net Assets of the Subject Company | -31.703 million rupees (fiscal year ending March 2026) |
| Acquisition price | As the transfer price is less than 15% of consolidated net assets at the end of the immediately preceding fiscal year, and pursuant to the confidentiality agreement between the parties, we will refrain from disclosing it. |
| Number of shares acquired | 28,026,726 shares (number of voting rights: 28,026,726) |
| Voting rights ownership percentage | Before 49.0％ → after 0％ |
| Impact on Business Performance | The impact on consolidated results for the cumulative second quarter and full fiscal year ending March 2027 is expected to be immaterial. |
| Date of board resolution | 16 September 2026 |
| Contract Date | 16 September 2026 |
| Execution Date / Effective Date | Late October 2026 (予定) |
Items this document does not state (14)
Expenses 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)Valuation 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 company was established through a joint investment with LT Foods Limited in March 2017 and has worked to create and expand the rice snack market in India. After carrying out structural reforms in its North American business, the company comprehensively considered the future development of its overseas business and determined that this transaction would contribute to KLT's growth and the execution of the Group's medium- to long-term growth strategy.
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