Worth reading
58In focus
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
2740
¥ million (revenue of the acquired business for the fiscal year ending March 2026)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of a businessCounterparty (target company)First Auto Co., Ltd.
Disclosing companyWILLPLUS Holdings Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Sales, processing, repair and refurbishment of automobiles and automobile parts; non-life insurance agency services; and insurance agency services under the Automobile Liability Security Act
Location Saitama City, Saitama PrefectureShare capital ¥50 millionDate of incorporation 14 April 1995
Net Sales¥2,740 million (fiscal year ending March 2026)
Net assets¥1,414 million
Consideration and expenses
Acquisition priceNot yet determined as of this date.
Type of ConsiderationCash
Impact on Business Performance
The impact of this transaction on the results for the current consolidated fiscal year is expected to be minor.
Procedures and assumptions
Management structure after acquisitionEmployees associated with the acquired business will transfer to the Group. The customer base and service network of First Auto will also be transferred to the Group and integrated with the Group's expertise. No information is provided regarding the trade name or representative.
| Item | Details |
|---|---|
| Transaction name | Acquisition of a business |
| Counterparty name | First Auto Co., Ltd. |
| Name of the Subject Company | First Auto Co., Ltd. |
| Business Description of the Subject Company | Sales, processing, repair and refurbishment of automobiles and automobile parts; non-life insurance agency services; and insurance agency services under the Automobile Liability Security Act |
| Location of the Subject Company | Saitama City, Saitama Prefecture |
| Capital Stock of the Subject Company | ¥50 million |
| Date of Establishment of the Subject Company | 14 April 1995 |
| Net Sales of the Subject Company | ¥2,740 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥1,414 million |
| Acquisition price | Not yet determined as of this date. |
| Type of Consideration | Cash |
| Impact on Business Performance | The impact of this transaction on the results for the current consolidated fiscal year is expected to be minor. |
| Date of board resolution | 17 June 2026 |
| Contract Date | 17 June 2026 |
| Execution Date / Effective Date | 1 August 2026 (scheduled) |
| Management structure after acquisition | Employees associated with the acquired business will transfer to the Group. The customer base and service network of First Auto will also be transferred to the Group and integrated with the Group's expertise. No information is provided regarding the trade name or representative. |
Items this document does not state (16)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation 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.To launch the Volvo brand in Saitama Prefecture for the first time and strengthen the Group's sales and service structure in the Tokyo metropolitan area. The transaction is also intended to enhance the customer experience by combining First Auto's customer base and service network with the Group's expertise in imported-vehicle sales, after-sales services and insurance businesses.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.