Worth reading
66In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
93
USD millionWording
Conditional
How definitive the wording is.This transaction
Acquisition of shares in this transactionDisclosing companyKANSAI PAINT CO.,LTD.
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 Date27 October 2026 (completed)
Target company
Location Turkey
Consideration and expenses
Acquisition priceUS$93 million
Type of ConsiderationCash
Amount of extraordinary income (loss)We expect to recognize the gain on step acquisition as extraordinary income in the consolidated financial statements for the fiscal year ending March 2027. The amount has not yet been determined.
Impact on Business Performance
The impact on our consolidated results is currently under review and has not yet been determined.
Procedures and assumptions
Management structure after acquisitionFollowing completion of this matter and after the prescribed procedures, we plan to promptly carry out a capital increase from us to PKB for the purpose of repaying PKB's existing interest-bearing debt. Other aspects of the management structure, corporate name and treatment of employees are Not disclosed.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in this transaction |
| Name of the Subject Company | Polisan Kansai Boya Sanayi ve Ticaret A.Ş. |
| Location of the Subject Company | Turkey |
| Acquisition price | US$93 million |
| Type of Consideration | Cash |
| Voting rights ownership percentage | Before 50.0% → after 100.0% |
| Amount of extraordinary income (loss) | We expect to recognize the gain on step acquisition as extraordinary income in the consolidated financial statements for the fiscal year ending March 2027. The amount has not yet been determined. |
| Impact on Business Performance | The impact on our consolidated results is currently under review and has not yet been determined. |
| Execution Date / Effective Date | 27 October 2026 (completed) |
| Management structure after acquisition | Following completion of this matter and after the prescribed procedures, we plan to promptly carry out a capital increase from us to PKB for the purpose of repaying PKB's existing interest-bearing debt. Other aspects of the management structure, corporate name and treatment of employees are Not disclosed. |
Items this document does not state (22)
Counterparty nameBusiness Description 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 CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding 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 completion of the acquisition, we plan to carry out a capital increase from us to PKB to repay PKB's existing interest-bearing debt. The reason for the additional share acquisition itself is not stated in the body of the disclosure.
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.