Worth reading
32Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
30
Expected acquisition price as a percentage of net assets for the fiscal year ending September 2025 (30% or more)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of the propertyCounterpartyHistoRy合同会社, Seller (undisclosed due to confidentiality obligations)
Disclosing companyREALGATE INC.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Office space and parking facilities
Location Ginza, Chuo-ku, Tokyo (location of the property to be acquired)
Consideration and expenses
Acquisition priceDue to confidentiality obligations with the seller, the seller and acquisition price will not be disclosed. The acquisition price is expected to amount to at least 30% of the Company's net assets for the fiscal year ending September 2025 (¥3,351 million).
Type of ConsiderationCash (funded by internal funds and borrowings from financial institutions)
Funding arrangementsThe acquisition is planned to be funded through internal funds and borrowings from financial institutions. However, the details, including the borrowing amount, have not been determined at this time.
Impact on Business Performance
There is currently no change to the earnings forecasts for the fiscal year ending September 2026. If any fact requiring disclosure arises in the future, the Company will disclose it promptly.
| Item | Details |
|---|---|
| Transaction name | Acquisition of the property |
| Counterparty name | HistoRy合同会社, Seller (undisclosed due to confidentiality obligations) |
| Business Description of the Subject Company | Office space and parking facilities |
| Location of the Subject Company | Ginza, Chuo-ku, Tokyo (location of the property to be acquired) |
| Acquisition price | Due to confidentiality obligations with the seller, the seller and acquisition price will not be disclosed. The acquisition price is expected to amount to at least 30% of the Company's net assets for the fiscal year ending September 2025 (¥3,351 million). |
| Type of Consideration | Cash (funded by internal funds and borrowings from financial institutions) |
| Voting rights ownership percentage | After 15% (planned ownership interest in the land and building; not a voting rights ownership ratio) (before not disclosed) |
| Funding arrangements | The acquisition is planned to be funded through internal funds and borrowings from financial institutions. However, the details, including the borrowing amount, have not been determined at this time. |
| Impact on Business Performance | There is currently no change to the earnings forecasts for the fiscal year ending September 2026. If any fact requiring disclosure arises in the future, the Company will disclose it promptly. |
| Date of board resolution | 6 April 2026 |
| Contract Date | 6 April 2026 |
| Execution Date / Effective Date | Early July 2026 (予定) (property handover date) |
Items this document does not state (20)
Name of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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.As part of the strategic business alliance and joint venture established with Hulic Co.,Ltd. announced on 3 February 2026, the companies aim to make joint investments totaling more than ¥100 billion and expand their share of the secondhand real estate market. The property will be acquired as the second project and renovated into an apartment hotel with approximately 40 rooms, along with retail and other facilities.
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