Worth reading
28Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
1122000000
Shares (number held before the capital reduction)Wording
Conditional
How definitive the wording is.This transaction
Change in subsidiaryDisclosing companyTERUMO 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 DateCapital reduction date: 21 August 2026. Scheduled liquidation date: Undetermined.
Target company
Asset management and investment management for the Terumo Group
Location SingaporeShare capital US$1,122,000 thousandDate of incorporation 25 August 2016
Net SalesFiscal year ending March 2026: - (Unit: US$ thousand)
Operating profitOperating loss of US$37 thousand (fiscal year ending March 2026)
Net income for the current fiscal yearNet income of US$46,261 thousand (fiscal year ending March 2026)
Net assetsNet assets of US$1,124,339 thousand (fiscal year ending March 2026)
Impact on Business Performance
This matter will have no impact on the Company's consolidated results.
Procedures and assumptions
Management structure after acquisitionThe subsidiary is scheduled for liquidation. Its name will not be listed separately in securities reports to be filed in the future. The corporate name, representative and treatment of employees are not disclosed.
| Item | Details |
|---|---|
| Transaction name | Change in subsidiary |
| Name of the Subject Company | Terumo Capital Management Pte. Ltd. |
| Business Description of the Subject Company | Asset management and investment management for the Terumo Group |
| Location of the Subject Company | Singapore |
| Capital Stock of the Subject Company | US$1,122,000 thousand |
| Date of Establishment of the Subject Company | 25 August 2016 |
| Net Sales of the Subject Company | Fiscal year ending March 2026: - (Unit: US$ thousand) |
| Operating Profit of the Subject Company | Operating loss of US$37 thousand (fiscal year ending March 2026) |
| Net Income of the Subject Company | Net income of US$46,261 thousand (fiscal year ending March 2026) |
| Net Assets of the Subject Company | Net assets of US$1,124,339 thousand (fiscal year ending March 2026) |
| Voting rights ownership percentage | Before 100％ → after 100％ |
| Impact on Business Performance | This matter will have no impact on the Company's consolidated results. |
| Execution Date / Effective Date | Capital reduction date: 21 August 2026. Scheduled liquidation date: Undetermined. |
| Management structure after acquisition | The subsidiary is scheduled for liquidation. Its name will not be listed separately in securities reports to be filed in the future. The corporate name, representative and treatment of employees are not disclosed. |
Items this document does not state (18)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date 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.Action taken ahead of the liquidation of the subsidiary, in light of the efficient management of the Terumo Group’s assets and changes to the Group’s asset management structure.
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