Worth reading
50Recurring
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
150
Hundreds of millions of yenWording
Avoiding a definitive answer
How definitive the wording is.This transaction
Basic agreement concerning the establishment of this fundCounterpartyTOKYO GAS CO.,LTD.
Disclosing companySHIFT Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Type of ConsiderationCash (investment in this fund)
Funding arrangementsTOKYO GAS CO.,LTD., SHIFT and SGC will invest a total of ¥15 billion in the fund. The planned investment ratio of SHIFT and SGC is 33.3%.
Impact on Business Performance
The impact of this matter on the Company's results and financial position is currently expected to be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionExecution of the definitive agreement and other procedures required to form the fund
Management structure after acquisitionGeneral partner: SGC; limited partner (preferred investment): TOKYO GAS CO.,LTD.; limited partner (subordinated investment): SHIFT
| Item | Details |
|---|---|
| Transaction name | Basic agreement concerning the establishment of this fund |
| Counterparty name | TOKYO GAS CO.,LTD. |
| Type of Consideration | Cash (investment in this fund) |
| Funding arrangements | TOKYO GAS CO.,LTD., SHIFT and SGC will invest a total of ¥15 billion in the fund. The planned investment ratio of SHIFT and SGC is 33.3%. |
| Impact on Business Performance | The impact of this matter on the Company's results and financial position is currently expected to be immaterial. |
| Date of board resolution | 15 October 2026 |
| Contract Date | 15 October 2026 (basic agreement) |
| Execution Date / Effective Date | 1 December 2026 (scheduled formation date) |
| Conditions Precedent to Execution | Execution of the definitive agreement and other procedures required to form the fund |
| Management structure after acquisition | General partner: SGC; limited partner (preferred investment): TOKYO GAS CO.,LTD.; limited partner (subordinated investment): SHIFT |
Items this document does not state (22)
Name of the Subject CompanyBusiness 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 periodNumber of shares acquiredVoting rights ownership percentageGoodwill 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.The purpose is to combine TOKYO GAS CO.,LTD.'s customer base and industry knowledge with SHIFT's M&A and PMI expertise, thereby expanding access to investment opportunities that SHIFT could not fully capture on its own and strengthening support for the growth of portfolio companies and non-continuous growth through M&A, against the backdrop of growing demand for AI and DX.
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.