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M&A and Subsidiary Changes4222KODAMA CHEMICAL INDUSTRY CO.,LTD.Materials and Chemicals

(Changes to Disclosed Information) Extension of the Due Diligence Period for the Transfer of Fixed Assets by a Consolidated Subsidiary

With respect to the transfer of land in Ohio, U.S.A., by consolidated subsidiary YSK CORPORATION, the due diligence period was extended due to delays in the land registration procedures, and the scheduled handover date was changed to 31 July 2026. Upon completion of the transfer, the Company expects to record an approximately ¥400 million gain on the sale of fixed assets as extraordinary income, although the timing of recognition remains fluid.

Worth reading
23Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
4
¥100 million
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Disposal of Fixed Assets
Execution Date / Effective Date31 July 2026 (予定)
Consideration and expenses
Amount of extraordinary income (loss)Approximately ¥400 million (extraordinary income: gain on sale of fixed assets) / timing of recognition remains fluid
Impact on Business Performance

Upon completion of the transfer of the fixed assets, the Company expects to record approximately ¥400 million as extraordinary income under gain on sale of fixed assets. This is an estimate based on the prevailing exchange rate. The timing of recognition remains fluid.

Procedures and assumptions
Conditions Precedent to ExecutionThe agreement is subject to conditions precedent, and the handover date will be finalized following the due diligence period after execution of the agreement.
This transaction
ItemDetails
Transaction nameDisposal of Fixed Assets
Amount of extraordinary income (loss)Approximately ¥400 million (extraordinary income: gain on sale of fixed assets) / timing of recognition remains fluid
Impact on Business PerformanceUpon completion of the transfer of the fixed assets, the Company expects to record approximately ¥400 million as extraordinary income under gain on sale of fixed assets. This is an estimate based on the prevailing exchange rate. The timing of recognition remains fluid.
Execution Date / Effective Date31 July 2026 (予定)
Conditions Precedent to ExecutionThe agreement is subject to conditions precedent, and the handover date will be finalized following the due diligence period after execution of the agreement.
Items this document does not state (27)
Counterparty nameName 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 CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountDate of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

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 extend the due diligence period due to delays in administrative procedures and procedures related to land registration.

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(Changes to Disclosed Information) Extension of the Due Diligence Period for the Transfer of Fixed Assets by a Consolidated Subsidiary | KODAMA CHEMICAL INDUSTRY CO.,LTD. (4222) timely disclosure | Komori