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How definitive the wording is.This transaction
Acquisition of equity interests and conversion into a subsidiaryCounterpartyDai Nippon Toryo Company,Limited
Disclosing companyChugoku Marine Paints,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.White points represent dates designated as scheduled dates in the document.
Target company
Manufacture and sale of paints
Location 中華人民共和国 浙江省嘉興市平湖市Share capital 15 百万 USDDate of incorporation 2018 年２月９日
Net Sales46 百万人民元（2024 年 12 月期）
Operating profit△19 百万人民元（2024 年 12 月期）
Net income for the current fiscal year△32 百万人民元（2024 年 12 月期）
Net assets25 百万人民元（2024 年 12 月期）
Consideration and expenses
Acquisition price当事者間の合意によりNot disclosed
Impact on Business Performance
本件持分取得が 2026 年３月期の連結業績に与える影響は軽微です。DNT 浙江は、2027 年３月期に予定している当社グループによる子会社後は黒字化する見通しです。
Procedures and assumptions
Valuation methodologyAgreed between the parties following discussions as a fair and reasonable price
Conditions Precedent to Execution関係当局からの許認可の取得等
| Item | Details |
|---|---|
| Transaction name | Acquisition of equity interests and conversion into a subsidiary |
| Counterparty name | Dai Nippon Toryo Company,Limited |
| Name of the Subject Company | 迪恩特塗料（浙江）有限公司 |
| Business Description of the Subject Company | Manufacture and sale of paints |
| Location of the Subject Company | 中華人民共和国 浙江省嘉興市平湖市 |
| Capital Stock of the Subject Company | 15 百万 USD |
| Date of Establishment of the Subject Company | 2018 年２月９日 |
| Net Sales of the Subject Company | 46 百万人民元（2024 年 12 月期） |
| Operating Profit of the Subject Company | △19 百万人民元（2024 年 12 月期） |
| Net Income of the Subject Company | △32 百万人民元（2024 年 12 月期） |
| Net Assets of the Subject Company | 25 百万人民元（2024 年 12 月期） |
| Acquisition price | 当事者間の合意によりNot disclosed |
| Voting rights ownership percentage | Before 0.0％ → after 100.0％ |
| Impact on Business Performance | 本件持分取得が 2026 年３月期の連結業績に与える影響は軽微です。DNT 浙江は、2027 年３月期に予定している当社グループによる子会社後は黒字化する見通しです。 |
| Date of board resolution | 26 February 2026 |
| Contract Date | 26 February 2026 |
| Execution Date / Effective Date | 権利義務移転日：2026 年６月 30 日（予定）、持分譲渡実行日：2026 年７月下旬（予定） |
| Valuation methodology | Agreed between the parties following discussions as a fair and reasonable price |
| Conditions Precedent to Execution | 関係当局からの許認可の取得等 |
Items this document does not state (13)
Expenses 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)Independent 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.中国で船舶用塗料の販売量が増加し、今後も需要拡大が見込まれるため、生産能力の増強と生産の安定化を図る。新工場を建設するよりも短期間かつ投資額を抑えて生産能力を増強できることも理由としている。
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