Worth reading
26Immaterial
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Improvement
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Conditional
How definitive the wording is.This transaction
Acquisition of Shares in 株式会社Madre (Making It a Subsidiary)Disclosing companyFaithNetwork 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.
Execution Date / Effective Date1 April 2026 (completed)
Target company
The company consistently handles the production of fully custom-made kitchens. It has delivered kitchens, washbasins and custom-made furniture.
Location Setagaya-ku, TokyoDate of incorporation 2007
Procedures and assumptions
Management structure after acquisitionYamane Hitomi (山根ひとみ) is listed as representative director and president of 株式会社Madre. Madre will work with FaithNetwork from the design and planning stages and handle the entire process, from kitchen design, engineering and production through delivery and installation. Any change in corporate name and treatment of employees are Not disclosed.
| Item | Details |
|---|---|
| Transaction name | Acquisition of Shares in 株式会社Madre (Making It a Subsidiary) |
| Name of the Subject Company | 株式会社Madre |
| Business Description of the Subject Company | The company consistently handles the production of fully custom-made kitchens. It has delivered kitchens, washbasins and custom-made furniture. |
| Location of the Subject Company | Setagaya-ku, Tokyo |
| Date of Establishment of the Subject Company | 2007 |
| Number of shares acquired | All shares (the specific number of shares and number of voting rights are Not disclosed) |
| Voting rights ownership percentage | After 100% (before not disclosed) |
| Execution Date / Effective Date | 1 April 2026 (completed) |
| Management structure after acquisition | Yamane Hitomi (山根ひとみ) is listed as representative director and president of 株式会社Madre. Madre will work with FaithNetwork from the design and planning stages and handle the entire process, from kitchen design, engineering and production through delivery and installation. Any change in corporate name and treatment of employees are Not disclosed. |
Items this document does not state (23)
Counterparty nameCapital Stock of the Subject CompanyNet 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)Impact on Business PerformanceDate of board resolutionContract 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.The purpose is to incorporate Madre’s custom-made kitchens and washbasins, enhance the quality and experiential value of kitchens in FaithNetwork’s luxury rental residences, and provide condominiums offering greater customer satisfaction. The products will be introduced sequentially in the “THE GRANDUO” and “GranDuo” series.
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