Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
19.9
% (percentage of shares to be transferred to KUBOTA CORPORATION)Wording
Conditional
How definitive the wording is.This transaction
This absorption-type company split and this investmentCounterpartyKUBOTA CORPORATION
Disclosing companyNIPPON CHUTETSUKAN K.K.
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 ductile iron pipes (straight pipes)
Location Kuki, Saitama PrefectureShare capital ¥300 million (planned; ¥30 million before the capital increase)Date of incorporation 10 June 2026
Net assets¥30 million (at establishment)
Impact on Business Performance
The impact of this joint venture on the Company's financial results has already been incorporated into the full-year consolidated earnings forecast for the fiscal year ending March 2027
Procedures and assumptions
Conditions Precedent to ExecutionApproval and adoption of the related proposals at the Company's extraordinary general meeting of shareholders scheduled for 17 December 2026, among other conditions
Management structure after acquisitionFollowing this investment, the Company is expected to nominate 4 directors and KUBOTA CORPORATION 1 director for the new company. The Company and KUBOTA CORPORATION are each expected to nominate 1 corporate auditor. Tano Manabu (田野 学) is the candidate for representative director, and the formal appointment is scheduled to be decided at a meeting of the board of directors following the new company's general meeting of shareholders scheduled for 4 January 2027. The trade name and treatment of employees have not been disclosed
| Item | Details |
|---|---|
| Transaction name | This absorption-type company split and this investment |
| Counterparty name | KUBOTA CORPORATION |
| Name of the Subject Company | 日鋳テック株式会社 |
| Business Description of the Subject Company | Manufacture and sale of ductile iron pipes (straight pipes) |
| Location of the Subject Company | Kuki, Saitama Prefecture |
| Capital Stock of the Subject Company | ¥300 million (planned; ¥30 million before the capital increase) |
| Date of Establishment of the Subject Company | 10 June 2026 |
| Net Assets of the Subject Company | ¥30 million (at establishment) |
| Number of shares acquired | 19.9% of the issued shares of the new company (number of shares not disclosed) |
| Voting rights ownership percentage | Before Company: 100%; KUBOTA CORPORATION: 0% → after Company: 80.1%; KUBOTA CORPORATION: 19.9% |
| Impact on Business Performance | The impact of this joint venture on the Company's financial results has already been incorporated into the full-year consolidated earnings forecast for the fiscal year ending March 2027 |
| Date of board resolution | 5 October 2026 |
| Contract Date | 5 October 2026 |
| Execution Date / Effective Date | 4 January 2027 (planned; the completion date of this investment and the commencement date of the joint venture are also scheduled for the same date) |
| Conditions Precedent to Execution | Approval and adoption of the related proposals at the Company's extraordinary general meeting of shareholders scheduled for 17 December 2026, among other conditions |
| Management structure after acquisition | Following this investment, the Company is expected to nominate 4 directors and KUBOTA CORPORATION 1 director for the new company. The Company and KUBOTA CORPORATION are each expected to nominate 1 corporate auditor. Tano Manabu (田野 学) is the candidate for representative director, and the formal appointment is scheduled to be decided at a meeting of the board of directors following the new company's general meeting of shareholders scheduled for 4 January 2027. The trade name and treatment of employees have not been disclosed |
Items this document does not state (16)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyAcquisition priceExpenses 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)Valuation 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.To improve plant productivity and profitability by consolidating the facilities of the Company and KUBOTA CORPORATION, while working to ensure a stable supply of ductile iron pipes (straight pipes) and reduce CO₂ emissions.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.