Komori
M&A and Subsidiary Changes3696CERES INC.Information and Communications, Services and Others

(Progress Update on Previously Disclosed Matter) Notice of Completion of the Transfer of Shares Resulting in a Change in an Equity-Method Affiliate

All 21,480 shares of ビットバンク, previously an associate accounted for under the equity method, were sold through ビットバンク's acquisition of treasury shares, completing the transaction. The number of shares held after the sale and the voting rights ownership ratio were both 0.

Worth reading
60In 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
57
¥ hundred million
Wording
Conditional
How definitive the wording is.

This transaction

This transaction
Counterparty (target company)bitbank, inc.
Disclosing companyCERES INC.
Voting rights ownership percentageNumber of shares acquired 21,480 shares (number of voting rights: Not disclosed)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

Execution Date / Effective Date1 October 2026 (completed)
Consideration and expenses
Type of ConsiderationCash
Amount of extraordinary income (loss)Extraordinary income comprising a gain of approximately ¥2.5 billion on changes in equity interests (consolidated financial results for the third quarter of the fiscal year ending December 2026) and a gain of approximately ¥3.2 billion on the sale of investment securities (consolidated financial results for the third quarter of the fiscal year ending December 2026)
Impact on Business Performance

Total extraordinary income of approximately ¥5.7 billion. The impact on the consolidated full-year earnings forecast for the fiscal year ending December 2026 has already been reflected. However, the expected amount may change in the future.

This transaction
ItemDetails
Transaction nameThis transaction
Counterparty namebitbank, inc.
Name of the Subject Companybitbank, inc.
Type of ConsiderationCash
Number of shares acquired21,480 shares (number of voting rights: Not disclosed)
Voting rights ownership percentageAfter 0% (before not disclosed)
Amount of extraordinary income (loss)Extraordinary income comprising a gain of approximately ¥2.5 billion on changes in equity interests (consolidated financial results for the third quarter of the fiscal year ending December 2026) and a gain of approximately ¥3.2 billion on the sale of investment securities (consolidated financial results for the third quarter of the fiscal year ending December 2026)
Impact on Business PerformanceTotal extraordinary income of approximately ¥5.7 billion. The impact on the consolidated full-year earnings forecast for the fiscal year ending December 2026 has already been reflected. However, the expected amount may change in the future.
Execution Date / Effective Date1 October 2026 (completed)
Items this document does not state (23)
Business Description of the Subject CompanyLocation 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 CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountDate of board resolutionContract DateValuation 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.

Because ビットバンク carried out the acquisition of its treasury shares. The company expects to record total extraordinary income of approximately ¥5.7 billion in connection with the transaction and states that this has already been reflected in its full-year earnings forecast.

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.
(Progress Update on Previously Disclosed Matter) Notice of Completion of the Transfer of Shares Resulting in a Change in an Equity-Method Affiliate | CERES INC. (3696) timely disclosure | Komori