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

Notice Concerning Changes in Subsidiaries

HULIC plans to invest up to ¥8,740 million in a silent partnership operated by Hugo2A 合同会社, making Hugo2A 合同会社 a consolidated subsidiary. HULIC's share of the investor composition will be 51%.

Worth reading
42Recurring
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
8740
¥ million (planned maximum)
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Silent partnership investment
CounterpartyHugo2A 合同会社 (operator of the silent partnership)
Disclosing companyHulic Co.,Ltd.
Hugo2A 合同会社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.The percentage before the change is not stated in this document.

TimelineThe spacing between the points is proportional to the actual number of days.
Target company

a. Acquisition, holding and disposal of beneficial interests in real estate trusts; b. Development, acquisition, holding, disposal, use, leasing and management of real estate; c. Acquisition, holding, disposal, use, leasing and management of movable assets; d. Financial business; e. Purchase and sale of claims; f. Acquisition, holding and disposal of securities; g. Acquisition, holding and disposal of equity interests in silent partnerships and investment limited partnerships; h. Investments related to the preceding items; i. All businesses incidental or related to the preceding items

Location Minato-ku, TokyoShare capital ¥17,137 million (planned) (capital contribution amount)Date of incorporation 16 February 2026
Net SalesNo operating results (established on 16 February 2026)
Operating profitNo operating results (established on 16 February 2026)
Net income for the current fiscal yearNo operating results (established on 16 February 2026)
Net assetsNo operating results (established on 16 February 2026)
Consideration and expenses
Acquisition priceUp to ¥8,740 million (planned)
Type of ConsiderationCash (silent partnership investment)
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 nameSilent partnership investment
Counterparty nameHugo2A 合同会社 (operator of the silent partnership)
Name of the Subject CompanyHugo2A 合同会社
Business Description of the Subject Companya. Acquisition, holding and disposal of beneficial interests in real estate trusts; b. Development, acquisition, holding, disposal, use, leasing and management of real estate; c. Acquisition, holding, disposal, use, leasing and management of movable assets; d. Financial business; e. Purchase and sale of claims; f. Acquisition, holding and disposal of securities; g. Acquisition, holding and disposal of equity interests in silent partnerships and investment limited partnerships; h. Investments related to the preceding items; i. All businesses incidental or related to the preceding items
Location of the Subject CompanyMinato-ku, Tokyo
Capital Stock of the Subject Company¥17,137 million (planned) (capital contribution amount)
Date of Establishment of the Subject Company16 February 2026
Net Sales of the Subject CompanyNo operating results (established on 16 February 2026)
Operating Profit of the Subject CompanyNo operating results (established on 16 February 2026)
Net Income of the Subject CompanyNo operating results (established on 16 February 2026)
Net Assets of the Subject CompanyNo operating results (established on 16 February 2026)
Acquisition priceUp to ¥8,740 million (planned)
Type of ConsiderationCash (silent partnership investment)
Voting rights ownership percentageAfter 51% (stated as the investor composition; no voting rights ownership ratio is specified) (before not disclosed)
Impact on Business PerformanceImmaterial. There is no change to the consolidated earnings forecast for the fiscal year ending December 2026.
Date of board resolution31 July 2026
Contract Date31 July 2026
Execution Date / Effective DateAround August 2026 (planned)
Items this document does not state (14)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding 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.

To make Hugo2A 合同会社 a consolidated subsidiary through an investment in a silent partnership.

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