Worth reading
51Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
175
¥ million (approximate total amount)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares in Empire State株式会社 and conversion into a subsidiaryCounterpartyItakura Koyo (板倉 小陽), Maeda Kota (前田 康太)
Disclosing companyuSonar Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Sales consulting / outsourced corporate sales / BPO / real estate business
Location Naka-ku, Yokohama, Kanagawa PrefectureShare capital ¥10 millionDate of incorporation 29 September 2023
Net Sales¥279 million (fiscal year ending June 2026)
Operating profit¥10 million (fiscal year ending June 2026)
Net income for the current fiscal year¥7 million (fiscal year ending June 2026)
Net assets¥19 million (fiscal year ending June 2026)
Consideration and expenses
Acquisition price¥145 million
Expenses other than the acquisition price¥30 million (estimated amount)
Impact on Business Performance
The impact on our consolidated results for the fiscal year ending December 2026 is currently expected to be minor. We will promptly disclose any matters requiring disclosure that arise in the future.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in Empire State株式会社 and conversion into a subsidiary |
| Counterparty name | Itakura Koyo (板倉 小陽), Maeda Kota (前田 康太) |
| Name of the Subject Company | Empire State株式会社 |
| Business Description of the Subject Company | Sales consulting / outsourced corporate sales / BPO / real estate business |
| Location of the Subject Company | Naka-ku, Yokohama, Kanagawa Prefecture |
| Capital Stock of the Subject Company | ¥10 million |
| Date of Establishment of the Subject Company | 29 September 2023 |
| Net Sales of the Subject Company | ¥279 million (fiscal year ending June 2026) |
| Operating Profit of the Subject Company | ¥10 million (fiscal year ending June 2026) |
| Net Income of the Subject Company | ¥7 million (fiscal year ending June 2026) |
| Net Assets of the Subject Company | ¥19 million (fiscal year ending June 2026) |
| Acquisition price | ¥145 million |
| Expenses other than the acquisition price | ¥30 million (estimated amount) |
| Number of shares acquired | 35 shares (number of voting rights: 35) |
| Voting rights ownership percentage | Before 0％ → after 70.0％ |
| Impact on Business Performance | The impact on our consolidated results for the fiscal year ending December 2026 is currently expected to be minor. We will promptly disclose any matters requiring disclosure that arise in the future. |
| Date of board resolution | 15 September 2026 |
| Contract Date | 15 September 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
Items this document does not state (13)
Type of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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 combine Empire State株式会社's sales expertise with our corporate database and products and develop a new business area, namely a BPO business leveraging corporate data, including sales outsourcing and telemarketing.
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.