Worth reading
38Recurring
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
%Wording
Conditional
How definitive the wording is.This transaction
Acquisition of Shares in 長田ガス株式会社 and Conversion into a Consolidated SubsidiaryCounterpartyNagata Masahiko (長田 雅彦) and others
Disclosing companyTOKAI Holdings Corporation
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
LP gas sales, combustion equipment sales and consumer electronics sales
Location Kawazu Town, Kamo District, Shizuoka PrefectureShare capital ¥10 million (as of August 2025)Date of incorporation November 1989 (founded in 1954)
Impact on Business Performance
The Company recognizes that the impact of this transaction on its consolidated results for the fiscal year ending March 2027 will be immaterial.
Procedures and assumptions
Management structure after acquisition長田ガス will become a member of the TOKAI Group, which will expand its management resources. The companies will collaborate in procurement, sales, delivery and safety operations. The trade name, representative and treatment of employees: not disclosed.
| Item | Details |
|---|---|
| Transaction name | Acquisition of Shares in 長田ガス株式会社 and Conversion into a Consolidated Subsidiary |
| Counterparty name | Nagata Masahiko (長田 雅彦) and others |
| Name of the Subject Company | 長田ガス株式会社 |
| Business Description of the Subject Company | LP gas sales, combustion equipment sales and consumer electronics sales |
| Location of the Subject Company | Kawazu Town, Kamo District, Shizuoka Prefecture |
| Capital Stock of the Subject Company | ¥10 million (as of August 2025) |
| Date of Establishment of the Subject Company | November 1989 (founded in 1954) |
| Number of shares acquired | 200 shares (number of voting rights: 200) |
| Voting rights ownership percentage | Before 0％ → after 100％ |
| Impact on Business Performance | The Company recognizes that the impact of this transaction on its consolidated results for the fiscal year ending March 2027 will be immaterial. |
| Contract Date | 25 March 2026 |
| Execution Date / Effective Date | 1 April 2026 |
| Management structure after acquisition | 長田ガス will become a member of the TOKAI Group, which will expand its management resources. The companies will collaborate in procurement, sales, delivery and safety operations. The trade name, representative and treatment of employees: not disclosed. |
Items this document does not state (19)
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 periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation 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 transaction is intended to expand management resources by adding 長田ガス to the TOKAI Group and to support business expansion in the Higashiizu area, stable LP gas supply and an expanded regional market share through collaboration in procurement, sales, delivery and safety operations.
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