Komori
M&A and Subsidiary Changes3003Hulic Co.,Ltd.Real estate

Notice Concerning Changes in Subsidiaries

All of the Company’s silent partnership investment interests in 合同会社菖蒲プロパティ, in which the Company held an 80% investment interest, will be sold, and the company will no longer be included in the scope of consolidation. The sale price is ¥15,820 million, and the investment interest after the sale will be 0%.

Worth reading
58In focus
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
15820
¥ million
Wording
Definitive
How definitive the wording is.

This transaction

Sale of silent partnership investment interests
CounterpartyFuyo General Lease Co.,Ltd.
Disclosing companyHulic Co.,Ltd.
合同会社菖蒲プロパティVoting rights ownership percentage

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

a. Acquisition, holding, disposal, leasing and management of real estate b. Acquisition, holding and disposal of trust beneficiary interests in real estate c. Other businesses incidental or related to the businesses listed in the preceding items

Location Chiyoda-ku, TokyoShare capital ¥13,125 million (as of 31 December 2025)Date of incorporation 31 May 2023
Net Sales¥2,410 million for the fiscal year ended September 2025
Operating profit¥2,044 million for the fiscal year ended September 2025
Net income for the current fiscal year¥1,521 million for the fiscal year ended September 2025
Net assets¥14,857 million for the fiscal year ended September 2025
Consideration and expenses
Acquisition priceSale price: ¥15,820 million
Impact on Business Performance

Immaterial. There is no change to the consolidated earnings forecast for the fiscal year ending December 2026.

This transaction
ItemDetails
Transaction nameSale of silent partnership investment interests
Counterparty nameFuyo General Lease Co.,Ltd.
Name of the Subject Company合同会社菖蒲プロパティ
Business Description of the Subject Companya. Acquisition, holding, disposal, leasing and management of real estate b. Acquisition, holding and disposal of trust beneficiary interests in real estate c. Other businesses incidental or related to the businesses listed in the preceding items
Location of the Subject CompanyChiyoda-ku, Tokyo
Capital Stock of the Subject Company¥13,125 million (as of 31 December 2025)
Date of Establishment of the Subject Company31 May 2023
Net Sales of the Subject Company¥2,410 million for the fiscal year ended September 2025
Operating Profit of the Subject Company¥2,044 million for the fiscal year ended September 2025
Net Income of the Subject Company¥1,521 million for the fiscal year ended September 2025
Net Assets of the Subject Company¥14,857 million for the fiscal year ended September 2025
Acquisition priceSale price: ¥15,820 million
Voting rights ownership percentageBefore 80% (investment interest before the change) → after 0% (investment interest after the change)
Impact on Business PerformanceImmaterial. There is no change to the consolidated earnings forecast for the fiscal year ending December 2026.
Date of board resolution25 March 2026
Execution Date / Effective Date31 March 2026
Items this document does not state (16)
Expenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation 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 made silent partnership investments in June and July 2023 in a silent partnership operated by 合同会社菖蒲プロパティ for the purpose of enabling the company to acquire trust beneficiary interests. The Company will now sell all of these silent partnership investment interests.

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.
Notice Concerning Changes in Subsidiaries | Hulic Co.,Ltd. (3003) timely disclosure | Komori