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
500000
USD (second investment amount; unchanged)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Joint venture investment for the perovskite solar cell businessCounterparty聚石化學（香港）有限公司（Polyrocks Chemical (Hong Kong) Limited）
Disclosing companyKURAMOTO CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Perovskite solar cell business
Consideration and expenses
Acquisition priceUSD 5,900,000 in total (12 investments; USD 500,000 for the second investment)
Type of ConsiderationShares (the subsidiary will issue common shares to Polyrocks Chemical (Hong Kong) Limited in consideration for each investment payment)
Funding arrangementsThe investment is expected to be funded by compensation payments from the administrative authorities in connection with the transfer of the subsidiary's factory, land and equipment to comply with environmental regulations. Overseas remittance procedures will also be required.
Impact on Business Performance
The impact on consolidated results for the fiscal year ending December 2026 is currently under review. The Company will promptly announce any necessary revision to its earnings forecasts or other developments.
Procedures and assumptions
Conditions Precedent to ExecutionThe subsidiary's board of directors must determine the offering terms for the issuance of new shares, and the subsidiary must complete the procedures for corporate approvals and comply with the Companies Act and other applicable laws and regulations, as well as complete overseas remittance procedures.
| Item | Details |
|---|---|
| Transaction name | Joint venture investment for the perovskite solar cell business |
| Counterparty name | 聚石化學（香港）有限公司（Polyrocks Chemical (Hong Kong) Limited） |
| Name of the Subject Company | ＫＵＲＡＭＯＴＯペロブスカイト株式会社 |
| Business Description of the Subject Company | Perovskite solar cell business |
| Acquisition price | USD 5,900,000 in total (12 investments; USD 500,000 for the second investment) |
| Type of Consideration | Shares (the subsidiary will issue common shares to Polyrocks Chemical (Hong Kong) Limited in consideration for each investment payment) |
| Funding arrangements | The investment is expected to be funded by compensation payments from the administrative authorities in connection with the transfer of the subsidiary's factory, land and equipment to comply with environmental regulations. Overseas remittance procedures will also be required. |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending December 2026 is currently under review. The Company will promptly announce any necessary revision to its earnings forecasts or other developments. |
| Contract Date | 10 September 2026 |
| Execution Date / Effective Date | Mid-October 2026 (expected). The specific payment date is expected to be finalized after taking into account the necessary corporate approvals and overseas remittance procedures. |
| Conditions Precedent to Execution | The subsidiary's board of directors must determine the offering terms for the issuance of new shares, and the subsidiary must complete the procedures for corporate approvals and comply with the Companies Act and other applicable laws and regulations, as well as complete overseas remittance procedures. |
Items this document does not state (21)
Location 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 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 percentageGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition
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 compensation payment from the administrative authorities for the transfer of the subsidiary's factory, land and equipment in connection with compliance with environmental regulations, which is to fund the second investment, is expected to be received later than initially anticipated. In addition, time is required for overseas remittance procedures and the corporate approvals necessary for the subsidiary to issue new shares.
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