Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
2350
¥ millions (base acquisition price)Wording
Conditional
How definitive the wording is.This transaction
This business acquisitionCounterparty (target company)FCM株式会社
Disclosing companyCK SAN-ETSU Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Processing of electronic components, and manufacture and sale of components for electronic equipment and materials for semiconductors Manufacture and sale of core wires for electric cables and other wire materials Manufacture and sale of production equipment for electronic components, components for electronic equipment and materials for semiconductors
Location Higashinari-ku, OsakaShare capital ¥100 millionDate of incorporation 27 June 1949
Net SalesNot disclosed due to confidentiality obligations
Operating profitNot disclosed due to confidentiality obligations
Net income for the current fiscal yearNot disclosed due to confidentiality obligations
Net assetsNot disclosed due to confidentiality obligations
Consideration and expenses
Acquisition price¥2,350 million (base acquisition price; the final acquisition price will be adjusted)
Expenses other than the acquisition priceAdvisory fees and other expenses: ¥7 million
Type of ConsiderationCash
Goodwill amountWhether goodwill will arise and, if so, the amount have not been determined at this time. No amortization period has been provided.
Goodwill is the amount paid in excess of the acquired company's net assets.Impact on Business Performance
The impact on the Company's consolidated results for the fiscal year ending March 2027 will be minor. The impact on the Company's consolidated results for the fiscal year ending March 2028 is currently under review.
Procedures and assumptions
Valuation methodologyDetermined following discussions and negotiations with the counterparty, based on the results of a business valuation using the DCF method conducted by a certified public accountant
Independent valuation institutionCertified public accountant (name undisclosed)
Conditions Precedent to ExecutionFilings with the relevant authorities and other necessary approvals
Management structure after acquisition三谷伸銅 plans to accept the employees engaged in this business at FCM and operate the two businesses as an integrated unit. It plans to lease FCM's Kyoto plant for a certain period and subsequently relocate machinery and equipment to 三谷伸銅's head office plant. Some production equipment for brass rods and wire is scheduled to be relocated to サンエツ金属.
| Item | Details |
|---|---|
| Transaction name | This business acquisition |
| Counterparty name | FCM株式会社 |
| Name of the Subject Company | FCM株式会社 |
| Business Description of the Subject Company | Processing of electronic components, and manufacture and sale of components for electronic equipment and materials for semiconductors Manufacture and sale of core wires for electric cables and other wire materials Manufacture and sale of production equipment for electronic components, components for electronic equipment and materials for semiconductors |
| Location of the Subject Company | Higashinari-ku, Osaka |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 27 June 1949 |
| Net Sales of the Subject Company | Not disclosed due to confidentiality obligations |
| Operating Profit of the Subject Company | Not disclosed due to confidentiality obligations |
| Net Income of the Subject Company | Not disclosed due to confidentiality obligations |
| Net Assets of the Subject Company | Not disclosed due to confidentiality obligations |
| Acquisition price | ¥2,350 million (base acquisition price; the final acquisition price will be adjusted) |
| Expenses other than the acquisition price | Advisory fees and other expenses: ¥7 million |
| Type of Consideration | Cash |
| Goodwill amount | Whether goodwill will arise and, if so, the amount have not been determined at this time. No amortization period has been provided. |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending March 2027 will be minor. The impact on the Company's consolidated results for the fiscal year ending March 2028 is currently under review. |
| Date of board resolution | 13 November 2026 |
| Contract Date | 13 November 2026 |
| Execution Date / Effective Date | 1 July 2027 (scheduled) |
| Valuation methodology | Determined following discussions and negotiations with the counterparty, based on the results of a business valuation using the DCF method conducted by a certified public accountant |
| Independent valuation institution | Certified public accountant (name undisclosed) |
| Conditions Precedent to Execution | Filings with the relevant authorities and other necessary approvals |
| Management structure after acquisition | 三谷伸銅 plans to accept the employees engaged in this business at FCM and operate the two businesses as an integrated unit. It plans to lease FCM's Kyoto plant for a certain period and subsequently relocate machinery and equipment to 三谷伸銅's head office plant. Some production equipment for brass rods and wire is scheduled to be relocated to サンエツ金属. |
Items this document does not state (9)
Merger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsAmount of extraordinary income (loss)Special 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 stabilize and strengthen materials procurement by increasing the purchase volume of busbar (rough-drawn wire), and to increase production scale, production efficiency and profitability by accepting the employees and operating the businesses as an integrated unit.
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