Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
11818
¥ million (net sales for the fiscal year ended August 2025)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Establishment and subsidiarization of a new company for the succession of 内野株式会社’s businessCounterparty (target company)内野株式会社
Disclosing companyWORLD CO.,LTD.
Execution Date / Effective Date1 December 2026 (scheduled)
Target company
Planning, wholesale and sale of towels and other lifestyle products
Location Chuo-ku, TokyoShare capital ¥50 millionDate of incorporation 23 August 1947
Net Sales¥11,818 million (fiscal year ended August 2025)
Consideration and expenses
Funding arrangementsＷ＆Ｄインベストメントデザイン plans to subscribe to a third-party allotment of shares conducted by the successor company
Procedures and assumptions
Management structure after acquisitionＷ＆Ｄインベストメントデザイン will be responsible for the management and governance of the successor company. It plans to support the reconstruction of the business foundation and the recovery of earning power by leveraging the World Group’s business operating expertise and DBJ’s expertise in finance and business revitalization. Following the effective date of the company split, 内野株式会社 plans to liquidate after converting and disposing of assets not transferred to the successor company.
| Item | Details |
|---|---|
| Transaction name | Establishment and subsidiarization of a new company for the succession of 内野株式会社’s business |
| Counterparty name | 内野株式会社 |
| Name of the Subject Company | 内野株式会社 |
| Business Description of the Subject Company | Planning, wholesale and sale of towels and other lifestyle products |
| Location of the Subject Company | Chuo-ku, Tokyo |
| Capital Stock of the Subject Company | ¥50 million |
| Date of Establishment of the Subject Company | 23 August 1947 |
| Net Sales of the Subject Company | ¥11,818 million (fiscal year ended August 2025) |
| Funding arrangements | Ｗ＆Ｄインベストメントデザイン plans to subscribe to a third-party allotment of shares conducted by the successor company |
| Execution Date / Effective Date | 1 December 2026 (scheduled) |
| Management structure after acquisition | Ｗ＆Ｄインベストメントデザイン will be responsible for the management and governance of the successor company. It plans to support the reconstruction of the business foundation and the recovery of earning power by leveraging the World Group’s business operating expertise and DBJ’s expertise in finance and business revitalization. Following the effective date of the company split, 内野株式会社 plans to liquidate after converting and disposing of assets not transferred to the successor company. |
Items this document does not state (21)
Operating 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 acquiredVoting rights ownership percentageGoodwill 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 companies aim to restore earning power and achieve sustainable growth by combining 内野株式会社’s proprietary materials and technologies, product development capabilities, brand assets, customer base centered on department stores, and OEM and wholesale distribution channels with the World Group’s operational expertise in product planning, production, sales, retail, digital operations and logistics, as well as DBJ’s expertise in finance and business revitalization. Against a backdrop of shrinking demand, higher costs due to foreign exchange movements and intensifying competition, 内野株式会社 needs to reduce inventories and fixed costs and fundamentally review its business structure.
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