This transaction
Acquisition of shares in Ausbuild Group and conversion into a subsidiaryThe 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.
Land development, construction and related businesses, Land development business
The impact on consolidated results and other matters is currently under review. The company will promptly disclose any matters requiring disclosure.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in Ausbuild Group and conversion into a subsidiary |
| Counterparty name | Matthew Loney Ausbuild Pty Ltd., Michael Loney Ausbuild Pty Ltd., Matthew Bell Ausbuild Pty Ltd. |
| Name of the Subject Company | Ausbuild Group Pty Ltd., Ausbuild Partners Pty Ltd. |
| Business Description of the Subject Company | Land development, construction and related businesses, Land development business |
| Location of the Subject Company | Brisbane, Queensland, Australia |
| Capital Stock of the Subject Company | A$22.5 million, A$3.3 million |
| Date of Establishment of the Subject Company | 23 November 2015, 8 June 2017 |
| Net Sales of the Subject Company | A$382.469 million (fiscal year ended June 2025), A$2.308 million (fiscal year ended June 2025) |
| Net Income of the Subject Company | A$22.259 million (fiscal year ended June 2025), A$1.407 million (fiscal year ended June 2025) |
| Net Assets of the Subject Company | A$59.286 million (fiscal year ended June 2025), A$4.741 million (fiscal year ended June 2025) |
| Acquisition price | Approximately A$335 million (including the purchase price for the shares and advisory fees, etc.) |
| Voting rights ownership percentage | After 51% (before not disclosed) |
| Impact on Business Performance | The impact on consolidated results and other matters is currently under review. The company will promptly disclose any matters requiring disclosure. |
| Date of board resolution | 10 September 2026 |
| Contract Date | 10 September 2026 (予定) |
| Execution Date / Effective Date | January 2027 (予定) |
Items this document does not state (16)
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 make a full-scale entry into the Australian housing market against a backdrop of growing housing demand and a supply shortage in Queensland, Australia, by leveraging Ausbuild's development land and sales and construction capabilities. The company also aims to expand its housing supply capacity and business scale by deploying its own modular construction methods, solar power generation, battery storage systems, HEMS and infrastructure technologies.