Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
954415
SharesWording
Avoiding a definitive answer
How definitive the wording is.This transaction
Share AcquisitionCounterpartyIndividual shareholders (not disclosed following discussions with the counterparty)
Disclosing companyASIA PILE HOLDINGS CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of spun concrete products, including utility poles and piles
Location Tay Ninh Province, VietnamShare capital VND 150,458,020,000 (approximately ¥900 million)Date of incorporation May 2006
Net SalesVND 433.0 billion (¥2,583 million), fiscal year ended December 2025
Operating profitOperating loss of VND 122.9 billion (¥733 million), fiscal year ended December 2025
Net income for the current fiscal yearNet loss of VND 123.7 billion (¥738 million), fiscal year ended December 2025
Net assetsNet assets of VND 104.9 billion (¥625 million), fiscal year ended December 2025
Consideration and expenses
Acquisition priceNot disclosed at the request of the counterparty to the share acquisition
Impact on Business Performance
The impact on the Company’s consolidated results for the fiscal year ending March 2027 and other matters are currently under review. The Company will promptly disclose any matters requiring announcement that arise in the future.
Procedures and assumptions
Conditions Precedent to ExecutionReceipt of approval from Vietnam’s National Competition Commission
| Item | Details |
|---|---|
| Transaction name | Share Acquisition |
| Counterparty name | Individual shareholders (not disclosed following discussions with the counterparty) |
| Name of the Subject Company | Thu Duc Long An Centrifugal Concrete Joint Stock Company |
| Business Description of the Subject Company | Manufacture and sale of spun concrete products, including utility poles and piles |
| Location of the Subject Company | Tay Ninh Province, Vietnam |
| Capital Stock of the Subject Company | VND 150,458,020,000 (approximately ¥900 million) |
| Date of Establishment of the Subject Company | May 2006 |
| Net Sales of the Subject Company | VND 433.0 billion (¥2,583 million), fiscal year ended December 2025 |
| Operating Profit of the Subject Company | Operating loss of VND 122.9 billion (¥733 million), fiscal year ended December 2025 |
| Net Income of the Subject Company | Net loss of VND 123.7 billion (¥738 million), fiscal year ended December 2025 |
| Net Assets of the Subject Company | Net assets of VND 104.9 billion (¥625 million), fiscal year ended December 2025 |
| Acquisition price | Not disclosed at the request of the counterparty to the share acquisition |
| Number of shares acquired | 954,415 shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 45.9％ → after 52.2％ |
| Impact on Business Performance | The impact on the Company’s consolidated results for the fiscal year ending March 2027 and other matters are currently under review. The Company will promptly disclose any matters requiring announcement that arise in the future. |
| Date of board resolution | 24 April 2026 |
| Execution Date / Effective Date | To be determined (after May 2026, following receipt of the approval described above) |
| Conditions Precedent to Execution | Receipt of approval from Vietnam’s National Competition Commission |
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)Contract DateValuation 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.To address construction demand in Vietnam and further expand the Group’s production capacity and market share in Vietnam.
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.