Komori
M&A and Subsidiary Changes3422J-MAX Co.,Ltd.Construction and Materials

Notice Regarding the Reorganization of Capital Relationships at an Overseas Subsidiary

J-MAX will acquire an additional equity interest in Fujian Marujun New Energy Vehicle Technology Co., Ltd. from its consolidated subsidiary Guangzhou Marujun Automotive Parts Co., Ltd., changing its direct ownership ratio from 66.8% to 100.0% and making the company a wholly owned subsidiary. The equity interest acquisition is scheduled for late December 2026.

Worth reading
38Recurring
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
33.2
Percentage points (increase in direct ownership ratio)
Wording
Conditional
How definitive the wording is.

This transaction

Additional Acquisition of Equity Interests
Counterparty广州市丸顺汽车配件有限公司
Disclosing companyJ-MAX Co.,Ltd.
Fujian Marujun New Energy Vehicle Technology Co., Ltd.Voting rights ownership percentage

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

Manufacture and sale of automotive parts

Location People's Republic of China (No. 9 Tongyu Road, Songshan Town, Luoyuan County, Fuzhou City, Fujian Province)Share capital RMB 187 millionDate of incorporation April 2023
Consideration and expenses
Funding arrangementsBorrowing (the Board of Directors resolved on the same date to borrow funds for the purpose of applying them toward the acquisition price)
Impact on Business Performance

The Company expects the impact of this transaction on its consolidated results for the current fiscal year to be immaterial.

This transaction
ItemDetails
Transaction nameAdditional Acquisition of Equity Interests
Counterparty name广州市丸顺汽车配件有限公司
Name of the Subject CompanyFujian Marujun New Energy Vehicle Technology Co., Ltd.
Business Description of the Subject CompanyManufacture and sale of automotive parts
Location of the Subject CompanyPeople's Republic of China (No. 9 Tongyu Road, Songshan Town, Luoyuan County, Fuzhou City, Fujian Province)
Capital Stock of the Subject CompanyRMB 187 million
Date of Establishment of the Subject CompanyApril 2023
Voting rights ownership percentageBefore 66.8% → after 100.0%
Funding arrangementsBorrowing (the Board of Directors resolved on the same date to borrow funds for the purpose of applying them toward the acquisition price)
Impact on Business PerformanceThe Company expects the impact of this transaction on its consolidated results for the current fiscal year to be immaterial.
Date of board resolution10 November 2026
Execution Date / Effective DateLate December 2026 (scheduled)
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 acquiredGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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.

To further strengthen the electrification business, clarify capital relationships within the Group and optimise the allocation of management resources.

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.
Notice Regarding the Reorganization of Capital Relationships at an Overseas Subsidiary | J-MAX Co.,Ltd. (3422) timely disclosure | Komori