Worth reading
57In 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
183999
¥ million (total purchase price)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares (making the company a consolidated subsidiary)CounterpartyMaehara Toshiyuki (前原 敏行)
Disclosing companyYamaichi Real Estate 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.
Target company
Real estate residential land development and site preparation, Detached housing construction
Location Uji, Kyoto Prefecture, Uji, Kyoto PrefectureShare capital ¥90 million, ¥10 millionDate of incorporation 13 February 1998, 18 April 2006
Net Sales¥2,032.298 million (fiscal year ended September 2025), ¥1,049.015 million (fiscal year ended December 2025)
Operating profit¥64.435 million (fiscal year ended September 2025), ¥4.650 million (fiscal year ended December 2025)
Net income for the current fiscal year¥2.535 million (fiscal year ended September 2025), ¥1.018 million (fiscal year ended December 2025)
Net assets¥454.991 million (fiscal year ended September 2025), ¥136.720 million (fiscal year ended December 2025)
Consideration and expenses
Acquisition price株式会社ホームズ: share consideration of ¥141.998 million; 株式会社安住コーポレーション: share consideration of ¥42.001 million; total: ¥183.999 million
Expenses other than the acquisition price株式会社ホームズ: advisory fees and other costs (estimated) of ¥28.555 million; 株式会社安住コーポレーション: advisory fees and other costs (estimated) of ¥8.445 million; total: ¥37 million
Type of ConsiderationShares (share consideration)
Impact on Business Performance
The impact of this transaction on the Company's consolidated results for the fiscal year ending March 2027 is currently under review.
Procedures and assumptions
Management structure after acquisitionIt is stated that the business foundations, expertise, human resources and networks with business partners that both companies have developed over many years will be carried forward, but the specific treatment of the trade names, representatives and employees is not disclosed.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (making the company a consolidated subsidiary) |
| Counterparty name | Maehara Toshiyuki (前原 敏行) |
| Name of the Subject Company | 株式会社ホームズ, 株式会社安住コーポレーション |
| Business Description of the Subject Company | Real estate residential land development and site preparation, Detached housing construction |
| Location of the Subject Company | Uji, Kyoto Prefecture, Uji, Kyoto Prefecture |
| Capital Stock of the Subject Company | ¥90 million, ¥10 million |
| Date of Establishment of the Subject Company | 13 February 1998, 18 April 2006 |
| Net Sales of the Subject Company | ¥2,032.298 million (fiscal year ended September 2025), ¥1,049.015 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | ¥64.435 million (fiscal year ended September 2025), ¥4.650 million (fiscal year ended December 2025) |
| Net Income of the Subject Company | ¥2.535 million (fiscal year ended September 2025), ¥1.018 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ¥454.991 million (fiscal year ended September 2025), ¥136.720 million (fiscal year ended December 2025) |
| Acquisition price | 株式会社ホームズ: share consideration of ¥141.998 million; 株式会社安住コーポレーション: share consideration of ¥42.001 million; total: ¥183.999 million |
| Expenses other than the acquisition price | 株式会社ホームズ: advisory fees and other costs (estimated) of ¥28.555 million; 株式会社安住コーポレーション: advisory fees and other costs (estimated) of ¥8.445 million; total: ¥37 million |
| Type of Consideration | Shares (share consideration) |
| Number of shares acquired | 株式会社ホームズ: 1,800 shares (1,800 voting rights); 株式会社安住コーポレーション: 200 shares (200 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 2027 is currently under review. |
| Date of board resolution | 27 July 2026 |
| Contract Date | 27 July 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Management structure after acquisition | It is stated that the business foundations, expertise, human resources and networks with business partners that both companies have developed over many years will be carried forward, but the specific treatment of the trade names, representatives and employees is not disclosed. |
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 incorporate the business foundations, expertise, human resources and customer and business partner networks that both companies have developed, strengthen the Group's ability to acquire development land and supply housing in the Kansai area through collaboration with the Group, and enhance business synergies and corporate value.
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