Worth reading
42Recurring
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
100
Voting rights ownership (after the change, %)Wording
Conditional
How definitive the wording is.This transaction
Share acquisition under this transactionCounterpartyMabuchi Kazuto (馬渕 一人)
Disclosing companyMINO CERAMIC CO.,LTD.
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
Processing and sale of ceramic and building-material raw materials, and sale of cast-steel components and other products
Location Mizunami, Gifu PrefectureShare capital ¥28 millionDate of incorporation Established in September 1971
Net Sales¥441 million (fiscal year ended May 2026)
Net assets¥217 million (fiscal year ended May 2026)
Consideration and expenses
Acquisition priceNot disclosed following discussions with the seller, as the seller is an individual
Impact on Business Performance
The impact of this transaction on consolidated results for the current fiscal year will be immaterial
Procedures and assumptions
Valuation methodologyShare valuation and due diligence. Historical operating results and financial condition, as well as future prospects, were used as reference materials
Management structure after acquisitionFollowing the share acquisition, the company's ownership ratio will be 100%, making アイシー化工 a subsidiary. Changes to the corporate name, the representative and the treatment of employees: not disclosed
| Item | Details |
|---|---|
| Transaction name | Share acquisition under this transaction |
| Counterparty name | Mabuchi Kazuto (馬渕 一人) |
| Name of the Subject Company | 株式会社アイシー化工 |
| Business Description of the Subject Company | Processing and sale of ceramic and building-material raw materials, and sale of cast-steel components and other products |
| Location of the Subject Company | Mizunami, Gifu Prefecture |
| Capital Stock of the Subject Company | ¥28 million |
| Date of Establishment of the Subject Company | Established in September 1971 |
| Net Sales of the Subject Company | ¥441 million (fiscal year ended May 2026) |
| Net Assets of the Subject Company | ¥217 million (fiscal year ended May 2026) |
| Acquisition price | Not disclosed following discussions with the seller, as the seller is an individual |
| Number of shares acquired | 56,000 shares (56,000 voting rights) |
| Voting rights ownership percentage | Before 0.0% → after 100.0% |
| Impact on Business Performance | The impact of this transaction on consolidated results for the current fiscal year will be immaterial |
| Date of board resolution | 12 November 2026 |
| Contract Date | 12 November 2026 |
| Execution Date / Effective Date | 16 November 2026 (scheduled) |
| Valuation methodology | Share valuation and due diligence. Historical operating results and financial condition, as well as future prospects, were used as reference materials |
| Management structure after acquisition | Following the share acquisition, the company's ownership ratio will be 100%, making アイシー化工 a subsidiary. Changes to the corporate name, the representative and the treatment of employees: not disclosed |
Items this document does not state (14)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyExpenses 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)Independent 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 processing technologies and equipment for ceramic and building-material raw materials held by アイシー化工, as well as its high market share, are highly compatible with the non-refractory materials field that 美濃窯業 aims to develop and strengthen. The company states that, through synergies from making アイシー化工 a subsidiary, it will strengthen and expand its business base and enhance its competitiveness, profitability and growth potential.
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