Worth reading
41Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.This transaction
This mergerCounterparty (target company)神戸ペイント株式会社
Disclosing companyChugoku Marine Paints,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of paints
Location Inami Town, Kako District, Hyogo PrefectureShare capital ¥400 millionDate of incorporation July 1966
Net Sales¥5,668 million (as of 31 March 2026; non-consolidated)
Operating profit¥348 million (as of 31 March 2026; non-consolidated)
Net income for the current fiscal year¥320 million (as of 31 March 2026; non-consolidated)
Net assets¥2,035 million (as of 31 March 2026; non-consolidated)
Consideration and expenses
Acquisition priceNot applicable (no new shares or cash or other assets will be delivered)
Type of ConsiderationNo consideration (no new shares or cash or other consideration will be issued or paid)
Merger ratio/share exchange ratioNot applicable (as this is the absorption merger of a wholly owned subsidiary, no new shares or cash or other consideration will be issued or paid). Surviving company: Chugoku Marine Paints,Ltd.
Impact on Business Performance
The impact on the Company's consolidated results will be minor.
Procedures and assumptions
Conditions Precedent to ExecutionShareholder approval is not required. At Chugoku Marine Paints,Ltd., this qualifies as a simplified merger under Article 796, Paragraph 2 of the Companies Act, and at 神戸ペイント株式会社, as a short-form merger under Article 784, Paragraph 1 of the same Act. Accordingly, the merger will proceed without obtaining shareholder approval from either company.
Management structure after acquisitionThere will be no changes to Chugoku Marine Paints,Ltd.'s corporate name, head office location, representative, business activities, stated capital or fiscal year-end as a result of this merger. 神戸ペイント株式会社 will be dissolved on the effective date.
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | 神戸ペイント株式会社 |
| Name of the Subject Company | 神戸ペイント株式会社 |
| Business Description of the Subject Company | Manufacture and sale of paints |
| Location of the Subject Company | Inami Town, Kako District, Hyogo Prefecture |
| Capital Stock of the Subject Company | ¥400 million |
| Date of Establishment of the Subject Company | July 1966 |
| Net Sales of the Subject Company | ¥5,668 million (as of 31 March 2026; non-consolidated) |
| Operating Profit of the Subject Company | ¥348 million (as of 31 March 2026; non-consolidated) |
| Net Income of the Subject Company | ¥320 million (as of 31 March 2026; non-consolidated) |
| Net Assets of the Subject Company | ¥2,035 million (as of 31 March 2026; non-consolidated) |
| Acquisition price | Not applicable (no new shares or cash or other assets will be delivered) |
| Type of Consideration | No consideration (no new shares or cash or other consideration will be issued or paid) |
| Merger ratio/share exchange ratio | Not applicable (as this is the absorption merger of a wholly owned subsidiary, no new shares or cash or other consideration will be issued or paid). Surviving company: Chugoku Marine Paints,Ltd. |
| Voting rights ownership percentage | Before 100.0% (after not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated results will be minor. |
| Date of board resolution | 31 July 2026 |
| Contract Date | 31 July 2026 |
| Execution Date / Effective Date | 1 April 2027 (scheduled) |
| Conditions Precedent to Execution | Shareholder approval is not required. At Chugoku Marine Paints,Ltd., this qualifies as a simplified merger under Article 796, Paragraph 2 of the Companies Act, and at 神戸ペイント株式会社, as a short-form merger under Article 784, Paragraph 1 of the same Act. Accordingly, the merger will proceed without obtaining shareholder approval from either company. |
| Management structure after acquisition | There will be no changes to Chugoku Marine Paints,Ltd.'s corporate name, head office location, representative, business activities, stated capital or fiscal year-end as a result of this merger. 神戸ペイント株式会社 will be dissolved on the effective date. |
Items this document does not state (11)
Expenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
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 integrate the companies' business operations in terms of production, product brands and sales channels, thereby streamlining group management and improving operational efficiency.
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.