Worth reading
76Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
232750000
RenminbiWording
Conditional
How definitive the wording is.This transaction
This transfer of equity interestsCounterparty河北新金万利新材料科技有限公司, 盛餘股份有限公司 (SYSCO)
Disclosing companyYODOKO,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
Manufacture and sale of galvanized steel sheets and color-coated steel sheets
Location No. 2551 Penglai Road, Economic and Technological Development Zone, Hefei, Anhui Province, People's Republic of ChinaShare capital US$220 millionDate of incorporation 28 October 2011
Net SalesFiscal year ended December 2025: RMB395,700 thousand (¥8,851 million)
Operating profitFiscal year ended December 2025: RMB1,522 thousand (¥34 million)
Net income for the current fiscal yearFiscal year ended December 2025: RMB1,722 thousand (¥38 million)
Net assetsFiscal year ended December 2025: RMB280,784 thousand (¥6,281 million)
Consideration and expenses
Type of ConsiderationCash
Amount of extraordinary income (loss)The Company expects to record a consolidated gain on the sale of shares in an affiliated company. The amount is Not disclosed.
Impact on Business Performance
The Company expects to record a consolidated gain on the sale of shares in an affiliated company, which has already been reflected in its earnings forecasts for the fiscal year ending March 2027. The amount is Not disclosed.
Procedures and assumptions
Management structure after acquisitionYSS will cease to be a consolidated subsidiary of the Company. Information regarding the corporate name, representative and treatment of employees is Not disclosed.
| Item | Details |
|---|---|
| Transaction name | This transfer of equity interests |
| Counterparty name | 河北新金万利新材料科技有限公司, 盛餘股份有限公司 (SYSCO) |
| Name of the Subject Company | 淀川盛餘（合肥）高科技鋼板有限公司 (YSS) |
| Business Description of the Subject Company | Manufacture and sale of galvanized steel sheets and color-coated steel sheets |
| Location of the Subject Company | No. 2551 Penglai Road, Economic and Technological Development Zone, Hefei, Anhui Province, People's Republic of China |
| Capital Stock of the Subject Company | US$220 million |
| Date of Establishment of the Subject Company | 28 October 2011 |
| Net Sales of the Subject Company | Fiscal year ended December 2025: RMB395,700 thousand (¥8,851 million) |
| Operating Profit of the Subject Company | Fiscal year ended December 2025: RMB1,522 thousand (¥34 million) |
| Net Income of the Subject Company | Fiscal year ended December 2025: RMB1,722 thousand (¥38 million) |
| Net Assets of the Subject Company | Fiscal year ended December 2025: RMB280,784 thousand (¥6,281 million) |
| Type of Consideration | Cash |
| Voting rights ownership percentage | Before 100.00％ → after 5.00％ |
| Amount of extraordinary income (loss) | The Company expects to record a consolidated gain on the sale of shares in an affiliated company. The amount is Not disclosed. |
| Impact on Business Performance | The Company expects to record a consolidated gain on the sale of shares in an affiliated company, which has already been reflected in its earnings forecasts for the fiscal year ending March 2027. The amount is Not disclosed. |
| Date of board resolution | 26 June 2026 |
| Contract Date | 26 June 2026 |
| Execution Date / Effective Date | Early August 2026 (scheduled) |
| Management structure after acquisition | YSS will cease to be a consolidated subsidiary of the Company. Information regarding the corporate name, representative and treatment of employees is Not disclosed. |
Items this document does not state (13)
Acquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountValuation 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.In light of recent changes in the business environment, the Company determined that selecting and concentrating management resources in its overseas business would contribute to further enhancing corporate value.
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