Worth reading
53Recurring
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
627
¥ millionWording
Conditional
How definitive the wording is.This transaction
Acquisition of shares and conversion into a subsidiaryCounterparty株式会社フォトロン
Disclosing companyHibino Corporation
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
Sales, system design, installation and maintenance of professional video equipment, Sales of professional video and audio equipment
Location Chiyoda-ku, Tokyo, Minato-ku, TokyoShare capital ¥1 million, ¥18 millionDate of incorporation March 2026, April 2001
Net SalesBusiness subject to the transaction: ¥4,982 million (fiscal year ended March 2025), 株式会社メディア・ソリューションズ: ¥260 million (fiscal year ended March 2025)
Operating profitBusiness subject to the transaction: ¥177 million (fiscal year ended March 2025), 株式会社メディア・ソリューションズ: ¥1 million (fiscal year ended March 2025)
Net income for the current fiscal year株式会社フォトロン企画: not disclosed, 株式会社メディア・ソリューションズ: loss of ¥0 million (fiscal year ended March 2025)
Net assetsBusiness subject to the transaction: ¥222 million (fiscal year ended March 2025), 株式会社メディア・ソリューションズ: ¥7 million (fiscal year ended March 2025)
Consideration and expenses
Acquisition price¥619 million
Expenses other than the acquisition priceAdvisory fees and other expenses (estimated): ¥8 million
Type of ConsiderationCash
Impact on Business Performance
The impact of this transaction on the Company's consolidated results for the fiscal year ending March 2026 will be immaterial.
Procedures and assumptions
Management structure after acquisition株式会社フォトロン企画 and 株式会社メディア・ソリューションズ are scheduled to become consolidated subsidiaries of the Company from the second quarter of the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares and conversion into a subsidiary |
| Counterparty name | 株式会社フォトロン |
| Name of the Subject Company | 株式会社フォトロン企画, 株式会社メディア・ソリューションズ |
| Business Description of the Subject Company | Sales, system design, installation and maintenance of professional video equipment, Sales of professional video and audio equipment |
| Location of the Subject Company | Chiyoda-ku, Tokyo, Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥1 million, ¥18 million |
| Date of Establishment of the Subject Company | March 2026, April 2001 |
| Net Sales of the Subject Company | Business subject to the transaction: ¥4,982 million (fiscal year ended March 2025), 株式会社メディア・ソリューションズ: ¥260 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | Business subject to the transaction: ¥177 million (fiscal year ended March 2025), 株式会社メディア・ソリューションズ: ¥1 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | 株式会社フォトロン企画: not disclosed, 株式会社メディア・ソリューションズ: loss of ¥0 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | Business subject to the transaction: ¥222 million (fiscal year ended March 2025), 株式会社メディア・ソリューションズ: ¥7 million (fiscal year ended March 2025) |
| Acquisition price | ¥619 million |
| Expenses other than the acquisition price | Advisory fees and other expenses (estimated): ¥8 million |
| Type of Consideration | Cash |
| Number of shares acquired | 100 shares (100 voting rights) |
| Voting rights ownership percentage | Before 0.0% → after 100.0% |
| Impact on Business Performance | The impact of this transaction on the Company's consolidated results for the fiscal year ending March 2026 will be immaterial. |
| Date of board resolution | 26 March 2026 |
| Contract Date | 26 March 2026 |
| Execution Date / Effective Date | 1 July 2026 (予定) |
| Management structure after acquisition | 株式会社フォトロン企画 and 株式会社メディア・ソリューションズ are scheduled to become consolidated subsidiaries of the Company from the second quarter of the fiscal year ending March 2027. |
Items this document does not state (11)
Merger 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 Execution
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 expand sales of video equipment by incorporating a product lineup of professional video equipment, technologies and expertise related to video production workflows, and capabilities ranging from system design to operational support and maintenance, thereby deepening customer relationships with broadcasters, post-production companies and others.
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.