Worth reading
47Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Share AcquisitionCounterpartyMr. Thong Jong Woei, Ms. Khor Puah Yean
Disclosing companyEarth Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Contract cleaning services, exterior wall cleaning, disinfection and pest control, and landscape maintenance, Cleaning and environmental hygiene management services, operated as a group company of Marvel Clean
Location Singapore, SingaporeShare capital SGD 250,000 (approximately ¥30.94 million), SGD 100,000 (approximately ¥12.376 million)Date of incorporation January 2017, March 2024
Net Sales¥946 million (fiscal year ended December 2025), Standalone financial statements not disclosed (following discussions with the shareholders of the company)
Operating profit¥50 million (fiscal year ended December 2025), Standalone financial statements not disclosed (following discussions with the shareholders of the company)
Net income for the current fiscal year¥33 million (fiscal year ended December 2025), Standalone financial statements not disclosed (following discussions with the shareholders of the company)
Net assets¥181 million (fiscal year ended December 2025), Standalone financial statements not disclosed (following discussions with the shareholders of the company)
Consideration and expenses
Acquisition price*Not disclosed, *Not disclosed
Impact on Business Performance
The impact of this transaction on the Company's consolidated results for the current fiscal year is currently under review, and an announcement will be made once the impact has been determined.
Procedures and assumptions
Management structure after acquisitionMarvel Home will operate its business as an integrated part of the Marvel Clean group. Going forward, Marvel Clean's service and customer platforms will be combined with the Earth Corporation Group's expertise in environmental hygiene management and its capabilities in product and service development.
| Item | Details |
|---|---|
| Transaction name | Share Acquisition |
| Counterparty name | Mr. Thong Jong Woei, Ms. Khor Puah Yean |
| Name of the Subject Company | Marvel Clean PTE. LTD., Marvel Home PTE. LTD. |
| Business Description of the Subject Company | Contract cleaning services, exterior wall cleaning, disinfection and pest control, and landscape maintenance, Cleaning and environmental hygiene management services, operated as a group company of Marvel Clean |
| Location of the Subject Company | Singapore, Singapore |
| Capital Stock of the Subject Company | SGD 250,000 (approximately ¥30.94 million), SGD 100,000 (approximately ¥12.376 million) |
| Date of Establishment of the Subject Company | January 2017, March 2024 |
| Net Sales of the Subject Company | ¥946 million (fiscal year ended December 2025), Standalone financial statements not disclosed (following discussions with the shareholders of the company) |
| Operating Profit of the Subject Company | ¥50 million (fiscal year ended December 2025), Standalone financial statements not disclosed (following discussions with the shareholders of the company) |
| Net Income of the Subject Company | ¥33 million (fiscal year ended December 2025), Standalone financial statements not disclosed (following discussions with the shareholders of the company) |
| Net Assets of the Subject Company | ¥181 million (fiscal year ended December 2025), Standalone financial statements not disclosed (following discussions with the shareholders of the company) |
| Acquisition price | *Not disclosed, *Not disclosed |
| Number of shares acquired | Marvel Clean: 250,000 shares (250,000 voting rights), Marvel Home: 100,000 shares (100,000 voting rights) |
| Voting rights ownership percentage | Before Marvel Clean：0％, Marvel Home：0％ → after Marvel Clean：100.0％, Marvel Home：100.0％ |
| Impact on Business Performance | The impact of this transaction on the Company's consolidated results for the current fiscal year is currently under review, and an announcement will be made once the impact has been determined. |
| Contract Date | 3 June 2026 |
| Execution Date / Effective Date | 22 June 2026 (closing date for execution of the share transfer) |
| Management structure after acquisition | Marvel Home will operate its business as an integrated part of the Marvel Clean group. Going forward, Marvel Clean's service and customer platforms will be combined with the Earth Corporation Group's expertise in environmental hygiene management and its capabilities in product and service development. |
Items this document does not state (14)
Expenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation 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.The purpose is to establish a business base in Singapore and provide high-value-added, comprehensive environmental hygiene management services to corporate customers, including Japanese companies. Earth Corporation aims to expand its business in Singapore and the ASEAN region by combining Marvel Clean's customer and service platforms with the Earth Corporation Group's expertise and capabilities in product and service development.
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.