Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
5
US$ millionWording
Conditional
How definitive the wording is.This transaction
Capital increase in a subsidiaryCounterpartyTOCALO USA, Inc.
Disclosing companyTOCALO Co.,Ltd.
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.White points represent dates designated as scheduled dates in the document.
Target company
Surface modification processing of semiconductor manufacturing equipment components and other products
Location Chandler, Maricopa County, Arizona, United StatesShare capital Before the capital increase: US$1 million; after the capital increase: US$6 millionDate of incorporation September 2025
Impact on Business Performance
The impact of this transaction on the Company's consolidated results for the fiscal year ending March 2027 will be minor.
Procedures and assumptions
Conditions Precedent to ExecutionResolution by TCA to make a capital contribution to TCA-AZ (scheduled for 25 June 2026) and completion of the related capital increase procedures
Management structure after acquisitionAn executive officer of the Company is expected to concurrently serve as an officer of the subsidiary, and employees of the Company are expected to be seconded to it. The Company also plans to enter into a technology transfer agreement.
| Item | Details |
|---|---|
| Transaction name | Capital increase in a subsidiary |
| Counterparty name | TOCALO USA, Inc. |
| Name of the Subject Company | TOCALO USA-Arizona LLC |
| Business Description of the Subject Company | Surface modification processing of semiconductor manufacturing equipment components and other products |
| Location of the Subject Company | Chandler, Maricopa County, Arizona, United States |
| Capital Stock of the Subject Company | Before the capital increase: US$1 million; after the capital increase: US$6 million |
| Date of Establishment of the Subject Company | September 2025 |
| Voting rights ownership percentage | Before 100％ → after 100％ |
| Impact on Business Performance | The impact of this transaction on the Company's consolidated results for the fiscal year ending March 2027 will be minor. |
| Date of board resolution | 19 June 2026 |
| Execution Date / Effective Date | 25 June 2026 (予定) |
| Conditions Precedent to Execution | Resolution by TCA to make a capital contribution to TCA-AZ (scheduled for 25 June 2026) and completion of the related capital increase procedures |
| Management structure after acquisition | An executive officer of the Company is expected to concurrently serve as an officer of the subsidiary, and employees of the Company are expected to be seconded to it. The Company also plans to enter into a technology transfer agreement. |
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 periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial Committee
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 service structure for major customers in the United States and make capital investments and other preparations for the launch of TCA-AZ's 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.