Worth reading
70In focus
Scored from 2 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
This transaction (acquisition of shares in 水ing株式会社, making it a wholly owned subsidiary)CounterpartyEBARA CORPORATION, JGC HOLDINGS CORPORATION, Mitsubishi Corporation
Disclosing companyINFRONEER Holdings Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Procedures and assumptions
Management structure after acquisition水ing株式会社 became a wholly owned subsidiary of the Company and one of its key operating subsidiaries. The corporate name, representative and employee treatment have not been disclosed.
| Item | Details |
|---|---|
| Transaction name | This transaction (acquisition of shares in 水ing株式会社, making it a wholly owned subsidiary) |
| Counterparty name | EBARA CORPORATION, JGC HOLDINGS CORPORATION, Mitsubishi Corporation |
| Name of the Subject Company | Name of target company |
| Number of shares acquired | All issued shares |
| Date of board resolution | 14 April 2026 |
| Execution Date / Effective Date | 1 July 2026 (completed) |
| Management structure after acquisition | 水ing株式会社 became a wholly owned subsidiary of the Company and one of its key operating subsidiaries. The corporate name, representative and employee treatment have not been disclosed. |
Items this document does not state (25)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract DateValuation 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 transaction is intended to enable the mutual use of the 水ing株式会社 group's water-treatment engineering capabilities and field engineers, together with the Company's project management capabilities and civil engineering and construction technologies and expertise, so that the group can provide integrated design, construction, maintenance and operation services for water supply and sewerage projects. It is also intended to expand the business into road and public-facility management and enhance corporate value.
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