Worth reading
50Recurring
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
21933
thousand yenWording
Conditional
How definitive the wording is.This transaction
Subscription to a third-party allotment of new shares by an Indonesian subsidiary, making it a subsidiaryCounterparty (target company)PT Affirmate Property Nusantara
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 Business
Location Jakarta, IndonesiaShare capital Capital before the capital increase: IDR 500 million (approximately ¥4.387 million)Date of incorporation 28 November 2019
Net Sales— (fiscal year ending December 2025)
Operating profitIDR (604 thousand) (fiscal year ending December 2025)
Net income for the current fiscal yearIDR (604 thousand) (fiscal year ending December 2025)
Net assetsIDR 846.895 million (fiscal year ending December 2025)
Consideration and expenses
Acquisition priceSubscription price (investment amount): IDR 2,500 million (approximately ¥21.933 million); total (approximate): approximately ¥21.933 million
Type of ConsiderationCash (payment for the third-party allotment of new shares)
Impact on Business Performance
The impact of this transaction on consolidated results for the current fiscal year will be immaterial.
Procedures and assumptions
Management structure after acquisitionPT Affirmate Property Nusantara is scheduled to become a subsidiary of the Company. Changes to the trade name and the treatment of the representative and employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Subscription to a third-party allotment of new shares by an Indonesian subsidiary, making it a subsidiary |
| Counterparty name | PT Affirmate Property Nusantara |
| Name of the Subject Company | PT Affirmate Property Nusantara |
| Business Description of the Subject Company | Real Estate Business |
| Location of the Subject Company | Jakarta, Indonesia |
| Capital Stock of the Subject Company | Capital before the capital increase: IDR 500 million (approximately ¥4.387 million) |
| Date of Establishment of the Subject Company | 28 November 2019 |
| Net Sales of the Subject Company | — (fiscal year ending December 2025) |
| Operating Profit of the Subject Company | IDR (604 thousand) (fiscal year ending December 2025) |
| Net Income of the Subject Company | IDR (604 thousand) (fiscal year ending December 2025) |
| Net Assets of the Subject Company | IDR 846.895 million (fiscal year ending December 2025) |
| Acquisition price | Subscription price (investment amount): IDR 2,500 million (approximately ¥21.933 million); total (approximate): approximately ¥21.933 million |
| Type of Consideration | Cash (payment for the third-party allotment of new shares) |
| Number of shares acquired | 2,500 shares (2,500 voting rights) |
| Voting rights ownership percentage | Before 0.0％ → after 83.3％ |
| Impact on Business Performance | The impact of this transaction on consolidated results for the current fiscal year will be immaterial. |
| Date of board resolution | 14 September 2026 |
| Contract Date | End of September 2026 (scheduled) |
| Execution Date / Effective Date | Payment date: End of October 2026 (scheduled) |
| Management structure after acquisition | PT Affirmate Property Nusantara is scheduled to become a subsidiary of the Company. Changes to the trade name and the treatment of the representative and employees: Not disclosed |
Items this document does not state (12)
Expenses other than the acquisition priceMerger 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.Real estate demand in Indonesia is expected to expand due to population growth, economic growth and urbanization. The Company will enter Indonesia's real estate development business by leveraging its real estate development expertise cultivated in Japan, and build a business base and medium- to long-term earnings opportunities through investments in and participation in housing development and other projects.
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.