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This organizational restructuringCounterparty (target company)美瑛白土工業株式会社, 北興産業株式会社, ホクコーパツクス株式会社
Disclosing companyHOKKO CHEMICAL INDUSTRY CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Company name 美瑛白土工業株式会社 / Business Description Manufacture and sale of Taisetsu balloons and manufacture and sale of base materials for agrochemicals, Company name 北興産業株式会社 / Business Description Sale of agrochemicals, chemical products and antifungal agents, Company name ホクコーパツクス株式会社 / Business Description Sale of petroleum products and other products
Location Company name 美瑛白土工業株式会社 / Location 1-5-4 Nihonbashi-Honcho, Chuo-ku, Tokyo, Company name 北興産業株式会社 / Location 1-5-4 Nihonbashi-Honcho, Chuo-ku, Tokyo, Company name ホクコーパツクス株式会社 / Location 1-5-4 Nihonbashi-Honcho, Chuo-ku, TokyoShare capital Company name 美瑛白土工業株式会社 / Share capital ¥10 million, Company name 北興産業株式会社 / Share capital ¥30 million, Company name ホクコーパツクス株式会社 / Share capital ¥10 millionDate of incorporation Company name 美瑛白土工業株式会社 / Date of incorporation 14 December 1967, Company name 北興産業株式会社 / Date of incorporation 25 April 1963, Company name ホクコーパツクス株式会社 / Date of incorporation 1 August 1991
Net SalesCompany name 美瑛白土工業株式会社 / Net Sales ¥381 million (fiscal year ended November 2025), Company name 北興産業株式会社 / Net Sales ¥455 million (fiscal year ended November 2025), Company name ホクコーパツクス株式会社 / Net Sales ¥447 million (fiscal year ended November 2025)
Operating profitCompany name 美瑛白土工業株式会社 / Operating profit ¥5 million (fiscal year ended November 2025), Company name 北興産業株式会社 / Operating profit ¥48 million (fiscal year ended November 2025), Company name ホクコーパツクス株式会社 / Operating profit ¥12 million (fiscal year ended November 2025)
Net income for the current fiscal yearCompany name 美瑛白土工業株式会社 / Net income for the current fiscal year ¥5 million (fiscal year ended November 2025), Company name 北興産業株式会社 / Net income for the current fiscal year ¥43 million (fiscal year ended November 2025), Company name ホクコーパツクス株式会社 / Net income for the current fiscal year ¥7 million (fiscal year ended November 2025)
Net assetsCompany name 美瑛白土工業株式会社 / Net assets ¥248 million (fiscal year ended November 2025), Company name 北興産業株式会社 / Net assets ¥1,133 million (fiscal year ended November 2025), Company name ホクコーパツクス株式会社 / Net assets ¥333 million (fiscal year ended November 2025)
Consideration and expenses
Type of ConsiderationThe absorption mergers will be conducted without consideration, with no allocation of shares or other consideration. The consideration for the business transfer is Not disclosed
Impact on Business Performance
The impact on our consolidated results will be immaterial
Procedures and assumptions
Conditions Precedent to ExecutionResolutions at the general meetings of shareholders of 北興産業株式会社, ホクコーパツクス株式会社 and 美瑛白土工業株式会社. As the transactions involving 北興化学工業株式会社 qualify as a simplified merger and a simplified business transfer, they will be conducted without obtaining approval resolutions at a general meeting of shareholders
Management structure after acquisition北興化学工業株式会社 and 北興産業株式会社 will be the surviving companies. The post-restructuring representative director and president of 北興産業株式会社 is stated as 榎本浩巳, but the appointment is scheduled to be made at a board meeting to be held on 1 December 2026. Employee treatment is Not disclosed
| Item | Details |
|---|---|
| Transaction name | This organizational restructuring |
| Counterparty name | 美瑛白土工業株式会社, 北興産業株式会社, ホクコーパツクス株式会社 |
| Name of the Subject Company | 美瑛白土工業株式会社, 北興産業株式会社, ホクコーパツクス株式会社 |
| Business Description of the Subject Company | Company name 美瑛白土工業株式会社 / Business Description Manufacture and sale of Taisetsu balloons and manufacture and sale of base materials for agrochemicals, Company name 北興産業株式会社 / Business Description Sale of agrochemicals, chemical products and antifungal agents, Company name ホクコーパツクス株式会社 / Business Description Sale of petroleum products and other products |
| Location of the Subject Company | Company name 美瑛白土工業株式会社 / Location 1-5-4 Nihonbashi-Honcho, Chuo-ku, Tokyo, Company name 北興産業株式会社 / Location 1-5-4 Nihonbashi-Honcho, Chuo-ku, Tokyo, Company name ホクコーパツクス株式会社 / Location 1-5-4 Nihonbashi-Honcho, Chuo-ku, Tokyo |
| Capital Stock of the Subject Company | Company name 美瑛白土工業株式会社 / Share capital ¥10 million, Company name 北興産業株式会社 / Share capital ¥30 million, Company name ホクコーパツクス株式会社 / Share capital ¥10 million |
| Date of Establishment of the Subject Company | Company name 美瑛白土工業株式会社 / Date of incorporation 14 December 1967, Company name 北興産業株式会社 / Date of incorporation 25 April 1963, Company name ホクコーパツクス株式会社 / Date of incorporation 1 August 1991 |
| Net Sales of the Subject Company | Company name 美瑛白土工業株式会社 / Net Sales ¥381 million (fiscal year ended November 2025), Company name 北興産業株式会社 / Net Sales ¥455 million (fiscal year ended November 2025), Company name ホクコーパツクス株式会社 / Net Sales ¥447 million (fiscal year ended November 2025) |
| Operating Profit of the Subject Company | Company name 美瑛白土工業株式会社 / Operating profit ¥5 million (fiscal year ended November 2025), Company name 北興産業株式会社 / Operating profit ¥48 million (fiscal year ended November 2025), Company name ホクコーパツクス株式会社 / Operating profit ¥12 million (fiscal year ended November 2025) |
| Net Income of the Subject Company | Company name 美瑛白土工業株式会社 / Net income for the current fiscal year ¥5 million (fiscal year ended November 2025), Company name 北興産業株式会社 / Net income for the current fiscal year ¥43 million (fiscal year ended November 2025), Company name ホクコーパツクス株式会社 / Net income for the current fiscal year ¥7 million (fiscal year ended November 2025) |
| Net Assets of the Subject Company | Company name 美瑛白土工業株式会社 / Net assets ¥248 million (fiscal year ended November 2025), Company name 北興産業株式会社 / Net assets ¥1,133 million (fiscal year ended November 2025), Company name ホクコーパツクス株式会社 / Net assets ¥333 million (fiscal year ended November 2025) |
| Type of Consideration | The absorption mergers will be conducted without consideration, with no allocation of shares or other consideration. The consideration for the business transfer is Not disclosed |
| Voting rights ownership percentage | Before 美瑛白土工業株式会社 北興化学工業株式会社 100% / 北興産業株式会社 北興化学工業株式会社 100% / ホクコーパツクス株式会社 北興化学工業株式会社 60%, 北興産業株式会社 40% (after not disclosed) |
| Impact on Business Performance | The impact on our consolidated results will be immaterial |
| Date of board resolution | 29 September 2026 |
| Contract Date | 29 September 2026 |
| Execution Date / Effective Date | 1 December 2026 (scheduled) |
| Conditions Precedent to Execution | Resolutions at the general meetings of shareholders of 北興産業株式会社, ホクコーパツクス株式会社 and 美瑛白土工業株式会社. As the transactions involving 北興化学工業株式会社 qualify as a simplified merger and a simplified business transfer, they will be conducted without obtaining approval resolutions at a general meeting of shareholders |
| Management structure after acquisition | 北興化学工業株式会社 and 北興産業株式会社 will be the surviving companies. The post-restructuring representative director and president of 北興産業株式会社 is stated as 榎本浩巳, but the appointment is scheduled to be made at a board meeting to be held on 1 December 2026. Employee treatment is Not disclosed |
Items this document does not state (13)
Acquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender 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.The purpose is to improve the efficiency of the Group’s overall business operations and make effective use of management resources by optimally allocating business and administrative functions and streamlining and consolidating sales, manufacturing and other functions.
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