Worth reading
60In focus
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
30
Percentage of the average net income attributable to owners of the parent for the most recent 5 years (%)Wording
Conditional
How definitive the wording is.This transaction
Agreed termination of this agreementCounterparty株式会社野村屋ホールディングス
Disclosing companyASULINA Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Location Nagasu Town, Tamana District, Kumamoto Prefecture (location of the target assets)
Net assets¥1,034.6 million (counterparty; period end not stated)
Consideration and expenses
Acquisition priceNot disclosed due to confidentiality obligations (the full amount already paid is scheduled to be refunded)
Type of ConsiderationCash (full refund of the amount already paid and termination penalty)
Amount of extraordinary income (loss)The amount of the termination penalty is not disclosed. It exceeds 30% of the average net income attributable to owners of the parent for the most recent 5 years. It is scheduled to be recognized as an extraordinary gain in the third quarter of the fiscal year ending August 2026.
Impact on Business Performance
For the consolidated results for the fiscal year ending August 2026, the termination penalty will be recognized as an extraordinary gain, while the full amount already paid is scheduled to be refunded. No loss is expected to arise from this matter.
Procedures and assumptions
Management structure after acquisitionThe Company will continue to position the grid-scale battery storage business as an important growth area and consider reinvesting in projects with higher profitability and the prospect of earlier monetization. The treatment of the trade name, representative and employees is not disclosed.
| Item | Details |
|---|---|
| Transaction name | Agreed termination of this agreement |
| Counterparty name | 株式会社野村屋ホールディングス |
| Location of the Subject Company | Nagasu Town, Tamana District, Kumamoto Prefecture (location of the target assets) |
| Net Assets of the Subject Company | ¥1,034.6 million (counterparty; period end not stated) |
| Acquisition price | Not disclosed due to confidentiality obligations (the full amount already paid is scheduled to be refunded) |
| Type of Consideration | Cash (full refund of the amount already paid and termination penalty) |
| Amount of extraordinary income (loss) | The amount of the termination penalty is not disclosed. It exceeds 30% of the average net income attributable to owners of the parent for the most recent 5 years. It is scheduled to be recognized as an extraordinary gain in the third quarter of the fiscal year ending August 2026. |
| Impact on Business Performance | For the consolidated results for the fiscal year ending August 2026, the termination penalty will be recognized as an extraordinary gain, while the full amount already paid is scheduled to be refunded. No loss is expected to arise from this matter. |
| Date of board resolution | 23 April 2026 |
| Contract Date | 6 October 2025 (stated as the date on which this agreement was announced) |
| Execution Date / Effective Date | 23 April 2026 (date of agreed termination) |
| Management structure after acquisition | The Company will continue to position the grid-scale battery storage business as an important growth area and consider reinvesting in projects with higher profitability and the prospect of earlier monetization. The treatment of the trade name, representative and employees is not disclosed. |
Items this document does not state (20)
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 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 amountValuation 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.Because delays in completing development made it difficult to take delivery of the property on the originally scheduled delivery date, the Company determined that concentrating and reinvesting resources in projects with higher profitability and the prospect of earlier investment returns would contribute to enhancing corporate value.
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.