Worth reading
73In focus
Scored from 4 of 5 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
200
Hundreds of millions of yenWording
Conditional
How definitive the wording is.This transaction
Dissolution of KOSCounterpartyPT KRAKATAU STEEL(PERSERO) Tbk
Disclosing companyOSAKA STEEL CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture and sale of steel products
Location Cilegon City, Banten Province, IndonesiaShare capital US$100 millionDate of incorporation 28 December 2012
Net Sales¥16,537 million (fiscal year ended December 2025)
Operating profitOperating loss of ¥1,489 million (fiscal year ended December 2025)
Net income for the current fiscal yearNet loss of ¥3,074 million (fiscal year ended December 2025)
Net assetsNet assets of negative ¥7,181 million (fiscal year ended December 2025)
Consideration and expenses
Amount of extraordinary income (loss)Extraordinary losses of ¥20 billion on a consolidated basis and ¥23.9 billion on a non-consolidated basis (fiscal year ending March 2026)
Impact on Business Performance
Losses expected to arise in connection with the dissolution of KOS will be recorded as extraordinary losses of ¥20 billion in the consolidated financial statements and ¥23.9 billion in the non-consolidated financial statements for the fiscal year ending March 2026.
Procedures and assumptions
Conditions Precedent to ExecutionFollowing the resolution to dissolve KOS, the necessary procedures will be carried out in accordance with local law, and the liquidation is scheduled to be completed once the related procedures have been completed.
Management structure after acquisitionKOS will be dissolved on the assumption of voluntary liquidation, and the liquidation is scheduled to be completed after the related procedures have been completed.
| Item | Details |
|---|---|
| Transaction name | Dissolution of KOS |
| Counterparty name | PT KRAKATAU STEEL(PERSERO) Tbk |
| Name of the Subject Company | PT.KRAKATAU OSAKA STEEL |
| Business Description of the Subject Company | Manufacture and sale of steel products |
| Location of the Subject Company | Cilegon City, Banten Province, Indonesia |
| Capital Stock of the Subject Company | US$100 million |
| Date of Establishment of the Subject Company | 28 December 2012 |
| Net Sales of the Subject Company | ¥16,537 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | Operating loss of ¥1,489 million (fiscal year ended December 2025) |
| Net Income of the Subject Company | Net loss of ¥3,074 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | Net assets of negative ¥7,181 million (fiscal year ended December 2025) |
| Voting rights ownership percentage | Before 86％ (after not disclosed) |
| Amount of extraordinary income (loss) | Extraordinary losses of ¥20 billion on a consolidated basis and ¥23.9 billion on a non-consolidated basis (fiscal year ending March 2026) |
| Impact on Business Performance | Losses expected to arise in connection with the dissolution of KOS will be recorded as extraordinary losses of ¥20 billion in the consolidated financial statements and ¥23.9 billion in the non-consolidated financial statements for the fiscal year ending March 2026. |
| Date of board resolution | 12 May 2026 |
| Execution Date / Effective Date | A resolution to dissolve KOS is scheduled for December 2026. The specific date for completion of the liquidation has not yet been determined. |
| Conditions Precedent to Execution | Following the resolution to dissolve KOS, the necessary procedures will be carried out in accordance with local law, and the liquidation is scheduled to be completed once the related procedures have been completed. |
| Management structure after acquisition | KOS will be dissolved on the assumption of voluntary liquidation, and the liquidation is scheduled to be completed after the related procedures have been completed. |
Items this document does not state (14)
Acquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountContract DateValuation 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.Based on the policy to withdraw from the Indonesian business announced on 23 January 2026, the Company held discussions with its joint venture partner, Krakatau, and reached a point where it could proceed with the procedures for dissolving KOS on the assumption of voluntary liquidation.
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