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M&A and Subsidiary Changes3536AXAS HOLDINGS CO.,LTD.Retail

(Update and Changes to Previously Disclosed Matters) Completion of the Transfer of Fixed Assets by a Subsidiary and Partial Changes to the "Notice Concerning the Transfer of Fixed Assets and Recognition of Extraordinary Gain by a Subsidiary"

The procedures for transferring land and buildings in Kagawa Prefecture held by a subsidiary were completed on 31 March 2026. The transfer price was changed from the initially planned ¥485 million to ¥440 million, and the gain on transfer was changed from ¥308 million to ¥264 million.

Worth reading
44Recurring
Scored from 3 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
440
Millions of yen
Wording
Conditional
How definitive the wording is.

This transaction

Disposal of Fixed Assets
Counterparty1 undisclosed domestic unlisted company, at the request of the transferee
Disclosing companyAXAS HOLDINGS CO.,LTD.
Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Location Tonosho Town, Shozu District, Kagawa Prefecture
Consideration and expenses
Acquisition price¥440 million (transfer price)
Amount of extraordinary income (loss)Gain on sale of fixed assets: ¥264 million (consolidated results for the fiscal year ending August 2026)
Impact on Business Performance

The impact on consolidated results for the fiscal year ending August 2026 is currently under review, including other factors. If a revision to the earnings forecast is necessary, the company will disclose it promptly.

This transaction
ItemDetails
Transaction nameDisposal of Fixed Assets
Counterparty name1 undisclosed domestic unlisted company, at the request of the transferee
Location of the Subject CompanyTonosho Town, Shozu District, Kagawa Prefecture
Acquisition price¥440 million (transfer price)
Amount of extraordinary income (loss)Gain on sale of fixed assets: ¥264 million (consolidated results for the fiscal year ending August 2026)
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending August 2026 is currently under review, including other factors. If a revision to the earnings forecast is necessary, the company will disclose it promptly.
Date of board resolution2 September 2025
Contract Date2 September 2025
Execution Date / Effective Date31 March 2026 (property handover date)
Items this document does not state (23)
Name of the Subject CompanyBusiness Description of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountValuation 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.

The transfer price and other amounts were changed because certain infrastructure facilities that had been scheduled for transfer were excluded from the transfer. The company states that it transferred the assets after comprehensively determining that the gain on transfer exceeded the income gain expected from holding the assets over the medium to long term and that the contribution to enhancing corporate value was therefore considerable.

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.
(Update and Changes to Previously Disclosed Matters) Completion of the Transfer of Fixed Assets by a Subsidiary and Partial Changes to the "Notice Concerning the Transfer of Fixed Assets and Recognition of Extraordinary Gain by a Subsidiary" | AXAS HOLDINGS CO.,LTD. (3536) timely disclosure | Komori