Worth reading
71In 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
170000000
¥Wording
Conditional
How definitive the wording is.This transaction
Name of transactionCounterpartyアルティメイト株式会社
Disclosing companyTAYA Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
The beauty services and cosmetics sales business conducted at directly operated stores of アルティメイト株式会社: “ALTI OASIS” (Asahikawa, Hokkaido), “ALTI INTERNATIONAL” (Asahikawa, Hokkaido), “JUNO＆BeautyBAR./HERB GALLERY” (Asahikawa, Hokkaido), “Lieu plie” (Shibuya-ku, Tokyo), and “bool 千歳烏山” (Setagaya-ku, Tokyo).
Location Asahikawa, Hokkaido; Shibuya-ku, Tokyo; and Setagaya-ku, TokyoShare capital ¥1 million (counterparty: アルティメイト株式会社)Date of incorporation 25 December 2018 (counterparty: アルティメイト株式会社)
Net Sales¥231 million (fiscal year immediately preceding the fiscal year of the acquisition)
Operating profit¥9 million (fiscal year immediately preceding the fiscal year of the acquisition)
Net assets-¥82,106,808 (as of 30 November 2025; counterparty: アルティメイト株式会社)
Consideration and expenses
Acquisition price¥170,000,000 (including consumption tax and local consumption tax)
Type of ConsiderationCash (remittance by bank transfer is contemplated)
Goodwill amountThe amount to be recognized is currently under review. The impact is expected to be immaterial. The amortization period is Not disclosed.
Goodwill is the amount paid in excess of the acquired company's net assets.Impact on Business Performance
The impact on the Company's results for the fiscal year ending March 2027 will be immaterial.
Procedures and assumptions
Valuation methodologyA valuation report for the target business prepared by an independent third-party valuation institution. The specific valuation method is Not disclosed.
Special CommitteeEstablished. Comprises 3 members: 2 independent outside directors and 1 attorney independent of the Company and Nakanishi Kazuya (中西一也).
Management structure after acquisitionThe Company will acquire personnel with expertise in the beauty services and beauty products sales businesses belonging to the target business. The trade name, representative and other details are Not disclosed.
| Item | Details |
|---|---|
| Transaction name | Name of transaction |
| Counterparty name | アルティメイト株式会社 |
| Business Description of the Subject Company | The beauty services and cosmetics sales business conducted at directly operated stores of アルティメイト株式会社: “ALTI OASIS” (Asahikawa, Hokkaido), “ALTI INTERNATIONAL” (Asahikawa, Hokkaido), “JUNO＆BeautyBAR./HERB GALLERY” (Asahikawa, Hokkaido), “Lieu plie” (Shibuya-ku, Tokyo), and “bool 千歳烏山” (Setagaya-ku, Tokyo). |
| Location of the Subject Company | Asahikawa, Hokkaido; Shibuya-ku, Tokyo; and Setagaya-ku, Tokyo |
| Capital Stock of the Subject Company | ¥1 million (counterparty: アルティメイト株式会社) |
| Date of Establishment of the Subject Company | 25 December 2018 (counterparty: アルティメイト株式会社) |
| Net Sales of the Subject Company | ¥231 million (fiscal year immediately preceding the fiscal year of the acquisition) |
| Operating Profit of the Subject Company | ¥9 million (fiscal year immediately preceding the fiscal year of the acquisition) |
| Net Assets of the Subject Company | -¥82,106,808 (as of 30 November 2025; counterparty: アルティメイト株式会社) |
| Acquisition price | ¥170,000,000 (including consumption tax and local consumption tax) |
| Type of Consideration | Cash (remittance by bank transfer is contemplated) |
| Goodwill amount | The amount to be recognized is currently under review. The impact is expected to be immaterial. The amortization period is Not disclosed. |
| Impact on Business Performance | The impact on the Company's results for the fiscal year ending March 2027 will be immaterial. |
| Date of board resolution | 26 June 2026 |
| Contract Date | 26 June 2026 |
| Execution Date / Effective Date | 1 July 2026 (2 stores in Tokyo); 1 October 2026 (3 stores in Hokkaido) |
| Valuation methodology | A valuation report for the target business prepared by an independent third-party valuation institution. The specific valuation method is Not disclosed. |
| Special Committee | Established. Comprises 3 members: 2 independent outside directors and 1 attorney independent of the Company and Nakanishi Kazuya (中西一也). |
| Management structure after acquisition | The Company will acquire personnel with expertise in the beauty services and beauty products sales businesses belonging to the target business. The trade name, representative and other details are Not disclosed. |
Items this document does not state (13)
Name of the Subject CompanyNet Income 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 acquiredVoting rights ownership percentageFunding arrangementsAmount of extraordinary income (loss)Independent valuation institutionConditions 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.The Company determined that the acquisition would contribute to its business growth by expanding the scope of its services in Asahikawa, Hokkaido, and Tokyo, as well as enabling it to acquire personnel with expertise belonging to the target business.
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