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Dissolution of consolidated subsidiaryDisclosing companySHIKIBO LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of processing machinery
Location Onomichi, Hiroshima PrefectureShare capital ¥100 millionDate of incorporation 20 August 1991
Net Sales¥65 million (fiscal year ended March 2026)
Operating profit(¥18 million) (fiscal year ended March 2026)
Net income for the current fiscal year(¥12 million) (fiscal year ended March 2026)
Net assets¥310 million (fiscal year ended March 2026)
Impact on Business Performance
The impact of this matter on the Company's consolidated results is expected to be minor.
Procedures and assumptions
Conditions Precedent to ExecutionResolution at the company's extraordinary general meeting of shareholders (scheduled for 30 September 2026)
| Item | Details |
|---|---|
| Transaction name | Dissolution of consolidated subsidiary |
| Name of the Subject Company | 株式会社大和機械製作所 |
| Business Description of the Subject Company | Manufacture and sale of processing machinery |
| Location of the Subject Company | Onomichi, Hiroshima Prefecture |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 20 August 1991 |
| Net Sales of the Subject Company | ¥65 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | (¥18 million) (fiscal year ended March 2026) |
| Net Income of the Subject Company | (¥12 million) (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥310 million (fiscal year ended March 2026) |
| Voting rights ownership percentage | Before 100％ (after not disclosed) |
| Impact on Business Performance | The impact of this matter on the Company's consolidated results is expected to be minor. |
| Date of board resolution | 31 August 2026 |
| Execution Date / Effective Date | 30 September 2026 (scheduled) (resolution at the company's extraordinary general meeting of shareholders); 30 April 2027 (scheduled) (completion of liquidation) |
| Conditions Precedent to Execution | Resolution at the company's extraordinary general meeting of shareholders (scheduled for 30 September 2026) |
Items this document does not state (17)
Counterparty nameAcquisition priceExpenses 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 CommitteeManagement 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.Because it was determined that, in addition to the contraction of the stone materials market, the aging of employees would make it difficult to continue maintaining the repair and support structure.
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