Worth reading
67In focus
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
409
¥ millionWording
Conditional
How definitive the wording is.This transaction
This purchase (purchase of treasury shares through off-auction treasury share purchases (ToSTNeT-3))Counterparty (target company)NIHON KOGYO CO.,LTD.
Disclosing companySekisui Jushi Corporation
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Execution Date / Effective Date9 November 2026 (scheduled settlement date for the treasury share acquisition)
Target company
Manufacture and sale of secondary concrete products
Location Sanuki City, Kagawa PrefectureShare capital ¥2,019 millionDate of incorporation August 1956
Net Sales¥16,321 million (fiscal year ended March 2026)
Operating profit¥790 million (fiscal year ended March 2026)
Net income for the current fiscal year¥577 million (fiscal year ended March 2026; net income attributable to owners of the parent)
Net assets¥8,623 million (fiscal year ended March 2026; consolidated net assets)
Consideration and expenses
Acquisition price¥409 million (transfer price)
Type of ConsiderationCash (sale of shares by tendering them for the treasury share acquisition)
Amount of extraordinary income (loss)A loss on the sale of shares in an affiliated company is expected to be recognized. The amount is Not disclosed. It is expected to be recorded in the consolidated financial results for the fiscal year ending March 2027.
Impact on Business Performance
The impact on our consolidated results for the fiscal year ending March 2027 is expected to be immaterial.
Procedures and assumptions
Management structure after acquisition日本興業 is expected to cease qualifying as an equity-method affiliate. The two companies will continue their business relationship under their respective independent management decisions. The corporate name, representative, and treatment of employees are Not disclosed
| Item | Details |
|---|---|
| Transaction name | This purchase (purchase of treasury shares through off-auction treasury share purchases (ToSTNeT-3)) |
| Counterparty name | NIHON KOGYO CO.,LTD. |
| Name of the Subject Company | NIHON KOGYO CO.,LTD. |
| Business Description of the Subject Company | Manufacture and sale of secondary concrete products |
| Location of the Subject Company | Sanuki City, Kagawa Prefecture |
| Capital Stock of the Subject Company | ¥2,019 million |
| Date of Establishment of the Subject Company | August 1956 |
| Net Sales of the Subject Company | ¥16,321 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥790 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥577 million (fiscal year ended March 2026; net income attributable to owners of the parent) |
| Net Assets of the Subject Company | ¥8,623 million (fiscal year ended March 2026; consolidated net assets) |
| Acquisition price | ¥409 million (transfer price) |
| Type of Consideration | Cash (sale of shares by tendering them for the treasury share acquisition) |
| Number of shares acquired | 358,400 shares, equivalent to 3,800 voting rights |
| Voting rights ownership percentage | Before 23.57% → after 13.02% |
| Amount of extraordinary income (loss) | A loss on the sale of shares in an affiliated company is expected to be recognized. The amount is Not disclosed. It is expected to be recorded in the consolidated financial results for the fiscal year ending March 2027. |
| Impact on Business Performance | The impact on our consolidated results for the fiscal year ending March 2027 is expected to be immaterial. |
| Execution Date / Effective Date | 9 November 2026 (scheduled settlement date for the treasury share acquisition) |
| Management structure after acquisition | 日本興業 is expected to cease qualifying as an equity-method affiliate. The two companies will continue their business relationship under their respective independent management decisions. The corporate name, representative, and treatment of employees are Not disclosed |
Items this document does not state (13)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountDate of board resolutionContract 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.Following discussions and consideration of the future structure of the capital and business relationship, the purpose is to clarify the management autonomy and independence of both companies, optimize our asset composition, and allocate management resources more efficiently.
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