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
3
¥ hundreds of millionsWording
Definitive
How definitive the wording is.This transaction
Business TransferCounterpartySuyen Corporation
Disclosing companyJINS HOLDINGS Inc.
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
Eyewear retail business operated under the JINS brand in the Philippines (currently operating 8 stores)
Location Republic of the Philippines (Metro Manila, NCR, Pasay City)Share capital PHP 700 millionDate of incorporation 1985
Net SalesNot disclosed due to confidentiality obligations (fiscal year-end not stated)
Consideration and expenses
Acquisition pricePHP 115.76 million (approximately ¥300 million)
Type of ConsiderationCash
Funding arrangementsCash on hand
Impact on Business Performance
The impact on the company’s consolidated results is immaterial
Procedures and assumptions
Management structure after acquisitionJINS Philippines Inc. will operate the acquired business directly. The ownership structure will be 70% held by the Company and 30% by Suyen Corporation. The treatment of employees, corporate name and representative have not been disclosed.
| Item | Details |
|---|---|
| Transaction name | Business Transfer |
| Counterparty name | Suyen Corporation |
| Business Description of the Subject Company | Eyewear retail business operated under the JINS brand in the Philippines (currently operating 8 stores) |
| Location of the Subject Company | Republic of the Philippines (Metro Manila, NCR, Pasay City) |
| Capital Stock of the Subject Company | PHP 700 million |
| Date of Establishment of the Subject Company | 1985 |
| Net Sales of the Subject Company | Not disclosed due to confidentiality obligations (fiscal year-end not stated) |
| Acquisition price | PHP 115.76 million (approximately ¥300 million) |
| Type of Consideration | Cash |
| Voting rights ownership percentage | Before 100％ → after 70％ |
| Funding arrangements | Cash on hand |
| Impact on Business Performance | The impact on the company’s consolidated results is immaterial |
| Date of board resolution | 24 April 2026 |
| Contract Date | 28 April 2026 |
| Execution Date / Effective Date | 31 July 2026 |
| Management structure after acquisition | JINS Philippines Inc. will operate the acquired business directly. The ownership structure will be 70% held by the Company and 30% by Suyen Corporation. The treatment of employees, corporate name and representative have not been disclosed. |
Items this document does not state (16)
Name of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredGoodwill 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.The franchise business will be acquired and converted to a directly operated business to achieve rapid business expansion in the Philippines.
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.