Worth reading
61In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.This transaction
Share TransfersDisclosing companyTODA KOGYO CORP.
Execution Date / Effective DateCompleted on 28 August 2026
Target company
Manufacture and sale of inorganic pigments and other products
Location Zhejiang Province, Deqing County, 鈡管 Industrial Zone, People's Republic of ChinaShare capital 110 million yuan (¥2,585 million)Date of incorporation 26 November 1999
Impact on Business Performance
The impact on results for the fiscal year ending March 2027 is currently under review
Procedures and assumptions
Conditions Precedent to ExecutionApproval procedures with the relevant regulatory authorities
Management structure after acquisitionMajor shareholders and shareholdings after the change: 浙江昇華控股集団有限公司, 56.48%; 德清海洛克斯企业管理有限公司, 20.70%; and Other, 22.82%. Other details of the management structure and the treatment of employees were not disclosed
| Item | Details |
|---|---|
| Transaction name | Share Transfers |
| Name of the Subject Company | 浙江華源応用新材料股份有限公司 |
| Business Description of the Subject Company | Manufacture and sale of inorganic pigments and other products |
| Location of the Subject Company | Zhejiang Province, Deqing County, 鈡管 Industrial Zone, People's Republic of China |
| Capital Stock of the Subject Company | 110 million yuan (¥2,585 million) |
| Date of Establishment of the Subject Company | 26 November 1999 |
| Number of shares acquired | All shares held by the Company. The number of shares and voting rights were not disclosed |
| Impact on Business Performance | The impact on results for the fiscal year ending March 2027 is currently under review |
| Execution Date / Effective Date | Completed on 28 August 2026 |
| Conditions Precedent to Execution | Approval procedures with the relevant regulatory authorities |
| Management structure after acquisition | Major shareholders and shareholdings after the change: 浙江昇華控股集団有限公司, 56.48%; 德清海洛克斯企业管理有限公司, 20.70%; and Other, 22.82%. Other details of the management structure and the treatment of employees were not disclosed |
Items this document does not state (21)
Counterparty nameNet 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 priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation 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 completion date of the share transfer was brought forward because the approval procedures with the relevant regulatory authorities progressed faster than expected.
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.