Worth reading
42Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
This mergerCounterparty (target company)株式会社シキボウ堺
Disclosing companySHIKIBO LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
1. Manufacture, processing and sale of chemical products, including sizing agents, printing pastes and adhesives 2. Manufacture, processing and sale of food ingredients made from natural polysaccharides 3. Manufacture, processing and sale of food additives
Location Nishi-ku, Sakai, Osaka PrefectureShare capital ¥100 millionDate of incorporation 27 November 1967
Net Sales¥962 million (fiscal year ended March 2026, non-consolidated)
Operating profit-¥299 million (fiscal year ended March 2026, non-consolidated)
Net income for the current fiscal year-¥231 million (fiscal year ended March 2026, non-consolidated)
Net assets¥1,354 million (fiscal year ended March 2026, non-consolidated)
Consideration and expenses
Acquisition priceNot applicable (no shares or other assets will be allocated in connection with this merger)
Type of ConsiderationNo consideration (no shares or other assets will be allocated in connection with this merger)
Merger ratio/share exchange ratioNot applicable (no shares or other assets will be allocated in connection with this merger; シキボウ株式会社 will be the surviving company)
Impact on Business Performance
The impact of this matter on the Company's consolidated results is expected to be minor.
Procedures and assumptions
Management structure after acquisitionFollowing the merger, there will be no change to the company's name, location, representative's title or name, business activities, stated capital or fiscal year-end.
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | 株式会社シキボウ堺 |
| Name of the Subject Company | 株式会社シキボウ堺 |
| Business Description of the Subject Company | 1. Manufacture, processing and sale of chemical products, including sizing agents, printing pastes and adhesives 2. Manufacture, processing and sale of food ingredients made from natural polysaccharides 3. Manufacture, processing and sale of food additives |
| Location of the Subject Company | Nishi-ku, Sakai, Osaka Prefecture |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 27 November 1967 |
| Net Sales of the Subject Company | ¥962 million (fiscal year ended March 2026, non-consolidated) |
| Operating Profit of the Subject Company | -¥299 million (fiscal year ended March 2026, non-consolidated) |
| Net Income of the Subject Company | -¥231 million (fiscal year ended March 2026, non-consolidated) |
| Net Assets of the Subject Company | ¥1,354 million (fiscal year ended March 2026, non-consolidated) |
| Acquisition price | Not applicable (no shares or other assets will be allocated in connection with this merger) |
| Type of Consideration | No consideration (no shares or other assets will be allocated in connection with this merger) |
| Merger ratio/share exchange ratio | Not applicable (no shares or other assets will be allocated in connection with this merger; シキボウ株式会社 will be the surviving company) |
| 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 |
| Contract Date | 31 August 2026 |
| Execution Date / Effective Date | 1 April 2027 (scheduled) |
| Management structure after acquisition | Following the merger, there will be no change to the company's name, location, representative's title or name, business activities, stated capital or fiscal year-end. |
Items this document does not state (12)
Expenses other than the acquisition priceTender 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 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.To grow the food and chemical products businesses, the sales, development, manufacturing and quality assurance functions will be operated in an integrated manner, and management resources, including the new plant, will be utilized to the fullest extent. Through these measures, the company aims to accelerate decision-making, optimize the allocation of management resources, secure and develop human resources, strengthen its manufacturing and development structure, achieve sustainable growth in these businesses and enhance corporate value.
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.