Worth reading
51Recurring
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
30000
Thousand yen (fixed amount; plus the amount equivalent to inventories as of the execution date)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of the BusinessCounterpartyMAKE VALUE Co., Ltd.
Disclosing companyASULINA Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
The textile business operated by MV Co. under the name of the made-to-order curtain specialty retailer "Curtain Factory" (made-to-order curtain sales business)
Net Sales¥437,308 thousand (fiscal year ended June 2026)
Consideration and expenses
Acquisition price¥30,000 thousand plus the amount equivalent to inventories as of the execution date of the business acquisition
Expenses other than the acquisition priceSpecial expenses related to due diligence, business valuation and other matters are currently under review. Total expenditures of approximately ¥30,000 thousand are expected for working capital, product purchases and other related items.
Type of ConsiderationCash (cash settlement)
Impact on Business Performance
The impact of this business acquisition on the Group's results for the fiscal year ending August 2027 is currently under review and is scheduled to be incorporated into the earnings forecast for the fiscal year ending August 2027 in the earnings summary scheduled for release on 13 October 2026.
Procedures and assumptions
Conditions Precedent to ExecutionMV Co. must obtain the court approval required for this business acquisition. The approval was obtained on 24 September 2026.
Management structure after acquisitionThe Company plans to establish a new Textile Business Division in connection with this business acquisition. The employees engaged in this business at MV Co. are scheduled to be newly hired by the Company subject to obtaining their consent.
| Item | Details |
|---|---|
| Transaction name | Acquisition of the Business |
| Counterparty name | MAKE VALUE Co., Ltd. |
| Business Description of the Subject Company | The textile business operated by MV Co. under the name of the made-to-order curtain specialty retailer "Curtain Factory" (made-to-order curtain sales business) |
| Net Sales of the Subject Company | ¥437,308 thousand (fiscal year ended June 2026) |
| Acquisition price | ¥30,000 thousand plus the amount equivalent to inventories as of the execution date of the business acquisition |
| Expenses other than the acquisition price | Special expenses related to due diligence, business valuation and other matters are currently under review. Total expenditures of approximately ¥30,000 thousand are expected for working capital, product purchases and other related items. |
| Type of Consideration | Cash (cash settlement) |
| Impact on Business Performance | The impact of this business acquisition on the Group's results for the fiscal year ending August 2027 is currently under review and is scheduled to be incorporated into the earnings forecast for the fiscal year ending August 2027 in the earnings summary scheduled for release on 13 October 2026. |
| Date of board resolution | 16 September 2026 |
| Contract Date | 17 September 2026 |
| Execution Date / Effective Date | 30 September 2026 (予定) |
| Conditions Precedent to Execution | MV Co. must obtain the court approval required for this business acquisition. The approval was obtained on 24 September 2026. |
| Management structure after acquisition | The Company plans to establish a new Textile Business Division in connection with this business acquisition. The employees engaged in this business at MV Co. are scheduled to be newly hired by the Company subject to obtaining their consent. |
Items this document does not state (19)
Name of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyMerger 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 Committee
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 support the Company's efforts to selectively allocate and concentrate management resources, enter new business areas and establish a core earnings stream, the Company will assume the store sales network, customer base and business relationships with suppliers built by MV Co. over more than 20 years in the made-to-order curtain business, thereby securing a new earnings base. The Company also expects opportunities to collaborate with its sustainable business and strengthen and expand its service offerings.
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.