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
100
% (voting rights ownership after the acquisition)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares (making the company a subsidiary)CounterpartyKanayama Hiroaki (金山裕昭)
Disclosing companyBRONCO BILLY 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
Processing of meat and manufacture and sale of prepared meat products
Location Sanyō-Onoda, Yamaguchi PrefectureShare capital ¥10 millionDate of incorporation 1 October 1996
Net Sales¥814 million (fiscal year ended September 2025)
Consideration and expenses
Acquisition priceThe acquisition price is not disclosed pursuant to a confidentiality agreement between the parties. The shares were acquired at an amount considered fair and reasonable following appropriate due diligence.
Impact on Business Performance
The impact of this transaction on the consolidated results of the Company's Group is expected to be immaterial. The Company is currently reviewing its earnings outlook and will promptly announce any necessary changes to its earnings forecasts.
Procedures and assumptions
Valuation methodologyAcquired at an amount considered fair and reasonable following appropriate due diligence
Management structure after acquisition朝日ミート is scheduled to become a consolidated subsidiary of the Company. It will serve as a manufacturing and supply base for products for the western Japan stores of the Bronco Billy business format, which the Company plans to expand, and will also manufacture and supply products developed for all business formats operated by the Group. The trade name, representative and treatment of employees are not disclosed.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (making the company a subsidiary) |
| Counterparty name | Kanayama Hiroaki (金山裕昭) |
| Name of the Subject Company | 株式会社朝日ミート |
| Business Description of the Subject Company | Processing of meat and manufacture and sale of prepared meat products |
| Location of the Subject Company | Sanyō-Onoda, Yamaguchi Prefecture |
| Capital Stock of the Subject Company | ¥10 million |
| Date of Establishment of the Subject Company | 1 October 1996 |
| Net Sales of the Subject Company | ¥814 million (fiscal year ended September 2025) |
| Acquisition price | The acquisition price is not disclosed pursuant to a confidentiality agreement between the parties. The shares were acquired at an amount considered fair and reasonable following appropriate due diligence. |
| Number of shares acquired | 200 shares (number of voting rights: 200) |
| Voting rights ownership percentage | Before 0％ → after 100.0％ |
| Impact on Business Performance | The impact of this transaction on the consolidated results of the Company's Group is expected to be immaterial. The Company is currently reviewing its earnings outlook and will promptly announce any necessary changes to its earnings forecasts. |
| Contract Date | 27 March 2026 |
| Execution Date / Effective Date | 15 April 2026 (scheduled) |
| Valuation methodology | Acquired at an amount considered fair and reasonable following appropriate due diligence |
| Management structure after acquisition | 朝日ミート is scheduled to become a consolidated subsidiary of the Company. It will serve as a manufacturing and supply base for products for the western Japan stores of the Bronco Billy business format, which the Company plans to expand, and will also manufacture and supply products developed for all business formats operated by the Group. The trade name, representative and treatment of employees are not disclosed. |
Items this document does not state (16)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionIndependent 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 Company intends to use 朝日ミート's meat-processing equipment and technology as a manufacturing and supply base for its stores in western Japan and for each business format operated by the Group. The Company aims to drive Group growth by strengthening its product development and manufacturing capabilities and expanding 朝日ミート's external business relationships.
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