Worth reading
80Important
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
232750000
RenminbiWording
Conditional
How definitive the wording is.This transaction
This transfer of equity interestsCounterpartyHebei Xinjin Wanli New Material Science & Technology Co., Ltd. (河北新金万利新材料科技有限公司)
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.
Execution Date / Effective DateProcedures completed on 2 September 2026
Target company
Manufacture and sale of galvanized steel sheets and color-coated steel sheets
Location Hefei, Anhui Province, People's Republic of ChinaShare capital US$220 millionDate of incorporation 28 October 2011
Net SalesRMB395.700 million (¥8,851 million), fiscal year ended December 2025
Operating profitRMB1.522 million (¥34 million), fiscal year ended December 2025
Net income for the current fiscal yearRMB1.722 million (¥38 million), fiscal year ended December 2025
Net assetsRMB280.784 million (¥6,281 million), fiscal year ended December 2025
Consideration and expenses
Acquisition priceRMB232,750,000 (transfer consideration)
Type of ConsiderationNot specified as cash, but RMB232,750,000 is stated as the transfer consideration
Amount of extraordinary income (loss)A gain on the sale of shares in an affiliate (consolidated) is expected to be recognized, but the amount has not been disclosed. The gain is expected to be recognized in the fiscal year ending March 2027.
Impact on Business Performance
A gain on the sale of shares in an affiliate (consolidated) is expected to be recognized, and the impact has already been incorporated into the earnings forecast for the fiscal year ending March 2027.
Procedures and assumptions
Management structure after acquisitionYSS has been removed from the company's consolidated subsidiaries. The company will hold 5.00% of YSS, and its equity interest in SYSCO will be 0.00%. The corporate name, representative, and treatment of employees have not been disclosed.
| Item | Details |
|---|---|
| Transaction name | This transfer of equity interests |
| Counterparty name | Hebei Xinjin Wanli New Material Science & Technology Co., Ltd. (河北新金万利新材料科技有限公司) |
| Name of the Subject Company | 淀川盛餘（合肥）高科技鋼板有限公司 |
| Business Description of the Subject Company | Manufacture and sale of galvanized steel sheets and color-coated steel sheets |
| Location of the Subject Company | 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 | RMB395.700 million (¥8,851 million), fiscal year ended December 2025 |
| Operating Profit of the Subject Company | RMB1.522 million (¥34 million), fiscal year ended December 2025 |
| Net Income of the Subject Company | RMB1.722 million (¥38 million), fiscal year ended December 2025 |
| Net Assets of the Subject Company | RMB280.784 million (¥6,281 million), fiscal year ended December 2025 |
| Acquisition price | RMB232,750,000 (transfer consideration) |
| Type of Consideration | Not specified as cash, but RMB232,750,000 is stated as the transfer consideration |
| Number of shares acquired | 95.00% (voting rights ownership: 95.00%) |
| Voting rights ownership percentage | Before 100.00％ → after 5.00％ |
| Amount of extraordinary income (loss) | A gain on the sale of shares in an affiliate (consolidated) is expected to be recognized, but the amount has not been disclosed. The gain is expected to be recognized in the fiscal year ending March 2027. |
| Impact on Business Performance | A gain on the sale of shares in an affiliate (consolidated) is expected to be recognized, and the impact has already been incorporated into the earnings forecast for the fiscal year ending March 2027. |
| Execution Date / Effective Date | Procedures completed on 2 September 2026 |
| Management structure after acquisition | YSS has been removed from the company's consolidated subsidiaries. The company will hold 5.00% of YSS, and its equity interest in SYSCO will be 0.00%. The corporate name, representative, and treatment of employees have not been disclosed. |
Items this document does not state (13)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountDate of board resolutionContract DateValuation 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.The company states that the procedures related to the transfer of the equity interest were completed on 2 September 2026. This disclosure does not explain the strategic rationale for the transfer. The company expects to recognize a gain on the sale of shares in an affiliate and states that the impact has been incorporated into its earnings forecast for the fiscal year ending March 2027.
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.