Worth reading
80Important
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
40
Voting rights ownership ratio (%)Wording
Definitive
How definitive the wording is.This transaction
Acquisition of Shares in Stylam Industries Limited, Making It a Consolidated SubsidiaryDisclosing companyAica Kogyo Company,Limited
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Date of board resolution17 June 2026 (Stylam Industries Limited board of directors)
Execution Date / Effective Date17 June 2026 (completion of acquisition)
Target company
Manufacture and sale of interior building materials, principally melamine-faced panels
Location Chandigarh, IndiaShare capital INR 84.74 million (approximately ¥144 million)Date of incorporation Established on 28 October 1991
Net SalesINR 8,069.5 million (fiscal year ended March 2026)
Net income for the current fiscal yearINR 1,498.7 million (fiscal year ended March 2026)
Net assetsINR 8,069.5 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition priceINR 15,253 million (approximately ¥2.593 billion)
Type of ConsiderationCash
Impact on Business Performance
The impact of this transaction on consolidated results for the fiscal year ending March 2027 has already been incorporated into the consolidated earnings forecast for the fiscal year ending March 2027 announced on 1 May 2026.
Procedures and assumptions
Management structure after acquisitionStylam Industries Limited’s board of directors approved a new board structure in which directors nominated by Aica Kogyo constitute a majority.
| Item | Details |
|---|---|
| Transaction name | Acquisition of Shares in Stylam Industries Limited, Making It a Consolidated Subsidiary |
| Name of the Subject Company | Stylam Industries Limited |
| Business Description of the Subject Company | Manufacture and sale of interior building materials, principally melamine-faced panels |
| Location of the Subject Company | Chandigarh, India |
| Capital Stock of the Subject Company | INR 84.74 million (approximately ¥144 million) |
| Date of Establishment of the Subject Company | Established on 28 October 1991 |
| Net Sales of the Subject Company | INR 8,069.5 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | INR 1,498.7 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | INR 8,069.5 million (fiscal year ended March 2026) |
| Acquisition price | INR 15,253 million (approximately ¥2.593 billion) |
| Type of Consideration | Cash |
| Number of shares acquired | 6,779,224 shares (number of voting rights: 6,779,224) |
| Voting rights ownership percentage | Before 0.0％ → after 40.0％ |
| Impact on Business Performance | The impact of this transaction on consolidated results for the fiscal year ending March 2027 has already been incorporated into the consolidated earnings forecast for the fiscal year ending March 2027 announced on 1 May 2026. |
| Date of board resolution | 17 June 2026 (Stylam Industries Limited board of directors) |
| Execution Date / Effective Date | 17 June 2026 (completion of acquisition) |
| Management structure after acquisition | Stylam Industries Limited’s board of directors approved a new board structure in which directors nominated by Aica Kogyo constitute a majority. |
Items this document does not state (15)
Counterparty nameOperating Profit of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding 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.This disclosure reports the completion of the share acquisition and the fact that Stylam Industries Limited became a consolidated subsidiary; no reason for the acquisition is stated.
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.