Worth reading
36Immaterial
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
720
¥ million (approximately; originally planned acquisition price)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of fixed assets (acquisition of a wood biomass power generation facility)Counterparty循環資源ホールディングス株式会社
Disclosing companyVIXTON corporation
Date of board resolution7 April 2026
Execution Date / Effective Date7 April 2026 (the Company decided to terminate the agreement by mutual consent as of today)
Consideration and expenses
Acquisition priceApproximately ¥720 million (including consumption tax; originally planned acquisition price)
Type of ConsiderationCash (paid as an initial payment and interim payment)
Impact on Business Performance
The refund of the amount already paid will improve the Company's cash flow. The impact on results for the fiscal year ending March 2026 will be immaterial.
Procedures and assumptions
Management structure after acquisitionThe business alliance agreement with 循環資源ホールディングス株式会社 will remain in effect. The Company will continue to receive technical support for the manufacture, operation and maintenance of new biomass power generation furnaces and their proprietary ancillary power generation equipment, and will retain all exclusive sales rights for completed biomass power generation furnaces and ancillary power generation equipment. Discussions will also continue regarding the consideration of alternative specifications and the establishment of a supply chain based on new specifications.
| Item | Details |
|---|---|
| Transaction name | Acquisition of fixed assets (acquisition of a wood biomass power generation facility) |
| Counterparty name | 循環資源ホールディングス株式会社 |
| Acquisition price | Approximately ¥720 million (including consumption tax; originally planned acquisition price) |
| Type of Consideration | Cash (paid as an initial payment and interim payment) |
| Impact on Business Performance | The refund of the amount already paid will improve the Company's cash flow. The impact on results for the fiscal year ending March 2026 will be immaterial. |
| Date of board resolution | 7 April 2026 |
| Execution Date / Effective Date | 7 April 2026 (the Company decided to terminate the agreement by mutual consent as of today) |
| Management structure after acquisition | The business alliance agreement with 循環資源ホールディングス株式会社 will remain in effect. The Company will continue to receive technical support for the manufacture, operation and maintenance of new biomass power generation furnaces and their proprietary ancillary power generation equipment, and will retain all exclusive sales rights for completed biomass power generation furnaces and ancillary power generation equipment. Discussions will also continue regarding the consideration of alternative specifications and the establishment of a supply chain based on new specifications. |
Items this document does not state (24)
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 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 amountAmount of extraordinary income (loss)Contract 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.Due to geopolitical issues, including China's export restrictions on rare earths to Japan, the outlook for procuring the necessary components could not be established. It also became difficult to meet the revised scheduled delivery date of June 2026, and the delivery date became undetermined. Accordingly, the start of the business has been postponed again to an undetermined date while the business plan is reassessed.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.