Worth reading
65In focus
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
569100
¥ thousandWording
Conditional
How definitive the wording is.This transaction
Acquisition of shares and conversion into a subsidiaryCounterpartyKihara Akihiro (木原 朗広)
Disclosing companyLiving Technologies Inc.
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
Plumbing and water-related maintenance, renovation and redevelopment, real estate, general construction, and Web-related, design, mail-order and export businesses
Location Chuo-ku, Osaka, Osaka PrefectureShare capital ¥100 millionDate of incorporation March 2011
Net Sales¥1,553.674 million (fiscal year ended February 2025)
Operating profit¥1.737 million (fiscal year ended February 2025)
Net income for the current fiscal year¥0.991 million (fiscal year ended February 2025)
Net assets¥340.576 million (fiscal year ended February 2025)
Consideration and expenses
Acquisition price¥530 million
Expenses other than the acquisition priceAdvisory fees and other costs: ¥39.1 million
Type of ConsiderationCash
Impact on Business Performance
The impact on consolidated results for the fiscal year ending September 2026 is currently under review and will be disclosed promptly once the review is complete.
Procedures and assumptions
Management structure after acquisitionAs of 1 April 2026, Kihara Akihiro (木原朗広) remains Representative Director and President. Kawai Damu (川合大無), the Company's Representative Director and President, and Tsurumi Yasuhisa (鶴見泰久), the Company's Executive Officer and General Manager of the Corporate Planning Department, became directors, while Kobayashi Shotaro (小林翔太郎), the Company's Director and General Manager of the Administration Department, became a corporate auditor.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares and conversion into a subsidiary |
| Counterparty name | Kihara Akihiro (木原 朗広) |
| Name of the Subject Company | 株式会社シンエイ |
| Business Description of the Subject Company | Plumbing and water-related maintenance, renovation and redevelopment, real estate, general construction, and Web-related, design, mail-order and export businesses |
| Location of the Subject Company | Chuo-ku, Osaka, Osaka Prefecture |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | March 2011 |
| Net Sales of the Subject Company | ¥1,553.674 million (fiscal year ended February 2025) |
| Operating Profit of the Subject Company | ¥1.737 million (fiscal year ended February 2025) |
| Net Income of the Subject Company | ¥0.991 million (fiscal year ended February 2025) |
| Net Assets of the Subject Company | ¥340.576 million (fiscal year ended February 2025) |
| Acquisition price | ¥530 million |
| Expenses other than the acquisition price | Advisory fees and other costs: ¥39.1 million |
| Type of Consideration | Cash |
| Number of shares acquired | 200 shares (number of voting rights: 200) |
| Voting rights ownership percentage | Before 0.0％ → after 100.0％ |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending September 2026 is currently under review and will be disclosed promptly once the review is complete. |
| Date of board resolution | 22 December 2025 |
| Contract Date | 23 December 2025 |
| Execution Date / Effective Date | 1 April 2026 (completed) |
| Management structure after acquisition | As of 1 April 2026, Kihara Akihiro (木原朗広) remains Representative Director and President. Kawai Damu (川合大無), the Company's Representative Director and President, and Tsurumi Yasuhisa (鶴見泰久), the Company's Executive Officer and General Manager of the Corporate Planning Department, became directors, while Kobayashi Shotaro (小林翔太郎), the Company's Director and General Manager of the Administration Department, became a corporate auditor. |
Items this document does not state (11)
Merger 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 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.To bring into the Group 株式会社シンエイ, which has strengths in the real solutions business centered on plumbing and water-related maintenance, expand into the real solutions business in addition to the digital business, and enhance corporate value.
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