Decision and Details
A share delivery with MITSUBOSHI CO.,LTD. as the share-delivery parent company and 天進商事株式会社 as the share-delivery subsidiary
To acquire a majority of the voting rights of 天進商事. After comprehensively considering the valuation results provided by the third-party valuation institution, the financial and asset conditions of both companies, and the outlook for their future business activities, it determined that the share delivery ratio was appropriate
Following the effective date of the share delivery, the company's assets are expected to substantially exceed its liabilities, and it has determined that it expects to be able to perform its obligations. The impact on earnings forecasts is Not disclosed
| Item | Details |
|---|---|
| Matter Covered | A share delivery with MITSUBOSHI CO.,LTD. as the share-delivery parent company and 天進商事株式会社 as the share-delivery subsidiary |
| Decision Date | 10 September 2026 (date on which the share delivery plan was prepared) |
| Implementation Date | 26 October 2026 (scheduled effective date; subject to change if necessary) |
| Amount | ¥150 million in cash, delivered at a rate of ¥326,797.39 per 天進商事 share |
| Quantity / scale | Minimum acquisition of 918 天進商事 common shares, 173,300 MITSUBOSHI common shares, 377.56 MITSUBOSHI shares per share covered by the share delivery, and an expected 51% of 天進商事 voting rights |
| Impact on Business Performance | Following the effective date of the share delivery, the company's assets are expected to substantially exceed its liabilities, and it has determined that it expects to be able to perform its obligations. The impact on earnings forecasts is Not disclosed |
| Reason | To acquire a majority of the voting rights of 天進商事. After comprehensively considering the valuation results provided by the third-party valuation institution, the financial and asset conditions of both companies, and the outlook for their future business activities, it determined that the share delivery ratio was appropriate |
| Governing Rule | Companies Act, Article 816-2, paragraph 1; Ordinance for Enforcement of the Companies Act, Article 213-2; Companies Act, Article 816-4, paragraph 1; Companies Act, Article 774-3, paragraphs 1 and 2; Ordinance on Company Accounting, Article 39-2 |
| Future plans | Applications to transfer 天進商事 common shares on 23 October 2026, with the share delivery scheduled to take effect on 26 October 2026. If a material impediment or other issue arises, the plan may be amended or cancelled |
Items this document does not state (3)
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 acquire a majority of the voting rights of 天進商事. The company explained that, after comprehensively considering the valuation results provided by the third-party valuation institution, the financial and asset conditions of both companies, and the outlook for their future business activities, it determined that the share delivery ratio was appropriate.