Worth reading
33Immaterial
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
1300000
US dollarsWording
Avoiding a definitive answer
How definitive the wording is.This transaction
Establishment of a new company (sub-subsidiary)CounterpartyLacto Asia Pte. Ltd.
Disclosing companyLacto Japan Co.,Ltd.
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
Import and sale of dairy ingredients, cheese and other products, and consulting services relating to domestic sales in Vietnam
Location Ho Chi Minh City, Socialist Republic of VietnamShare capital US$1,300,000Date of incorporation October 2026 (scheduled)
Impact on Business Performance
The impact of this matter on the Company’s consolidated results is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionThe company name will be Lacto Vietnam Co., Ltd. (tentative name). The General Director will be Fujikawa Mitsuru (藤川満), who will concurrently serve as Managing Director of Foodtech Products (Thailand) Co., Ltd., and an employee of the Company is expected to become the representative. Other employee treatment: not disclosed.
| Item | Details |
|---|---|
| Transaction name | Establishment of a new company (sub-subsidiary) |
| Counterparty name | Lacto Asia Pte. Ltd. |
| Name of the Subject Company | Lacto Vietnam Co., Ltd. (tentative name) |
| Business Description of the Subject Company | Import and sale of dairy ingredients, cheese and other products, and consulting services relating to domestic sales in Vietnam |
| Location of the Subject Company | Ho Chi Minh City, Socialist Republic of Vietnam |
| Capital Stock of the Subject Company | US$1,300,000 |
| Date of Establishment of the Subject Company | October 2026 (scheduled) |
| Voting rights ownership percentage | After 100% (Lacto Asia Pte. Ltd.’s investment ratio) (before not disclosed) |
| Impact on Business Performance | The impact of this matter on the Company’s consolidated results is expected to be immaterial. |
| Date of board resolution | 14 July 2026 |
| Execution Date / Effective Date | October 2026 (scheduled) |
| Management structure after acquisition | The company name will be Lacto Vietnam Co., Ltd. (tentative name). The General Director will be Fujikawa Mitsuru (藤川満), who will concurrently serve as Managing Director of Foodtech Products (Thailand) Co., Ltd., and an employee of the Company is expected to become the representative. Other employee treatment: not disclosed. |
Items this document does not state (20)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition 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 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 establish a local subsidiary in Vietnam as a new sales base for dairy ingredients, cheese and other products, with a view to further expanding the Asian business.
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.