Worth reading
45Recurring
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
426000000
Yen (book value of 東日本コンクリート shares)Wording
Definitive
How definitive the wording is.This transaction
This organizational restructuringCounterparty株式会社ビーアールホールディングス, 極東興和株式会社, キョクトウ高宮株式会社, 東日本コンクリート株式会社
Disclosing companyYokogawa Bridge Holdings Corp.
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
極東興和株式会社 New bridge construction using prestressed concrete technology, repair and reinforcement of structures, and manufacture and sale of civil engineering and construction products / 株式会社ビーアールホールディングス Management of subsidiaries and related activities / キョクトウ高宮株式会社 Manufacture of precast components / 東日本コンクリート株式会社 New bridge construction using prestressed concrete technology, repair and reinforcement of structures, and manufacture and sale of civil engineering and construction products
Location 極東興和株式会社 Higashi Ward, Hiroshima, Hiroshima Prefecture / 株式会社ビーアールホールディングス Higashi Ward, Hiroshima, Hiroshima Prefecture / キョクトウ高宮株式会社 Higashi Ward, Hiroshima, Hiroshima Prefecture / 東日本コンクリート株式会社 Aoba-ku, Sendai, Miyagi PrefectureShare capital 極東興和株式会社 ¥1,600 million / 株式会社ビーアールホールディングス ¥4,813 million / キョクトウ高宮株式会社 ¥100 million / 東日本コンクリート株式会社 ¥100 millionDate of incorporation 極東興和株式会社 12 March 1948 / 株式会社ビーアールホールディングス 27 September 2002 / キョクトウ高宮株式会社 1 March 1996 / 東日本コンクリート株式会社 26 June 1951
Net Sales極東興和株式会社 ¥26,147 million (fiscal year ended March 2026) / 株式会社ビーアールホールディングス ¥1,522 million (fiscal year ended March 2026) / キョクトウ高宮株式会社 ¥2,748 million (fiscal year ended March 2026) / 東日本コンクリート株式会社 Not disclosed
Operating profit極東興和株式会社 ¥1,131 million (fiscal year ended March 2026) / 株式会社ビーアールホールディングス ¥867 million (fiscal year ended March 2026) / キョクトウ高宮株式会社 ¥281 million (fiscal year ended March 2026) / 東日本コンクリート株式会社 Not disclosed
Net income for the current fiscal year極東興和株式会社 ¥542 million (fiscal year ended March 2026) / 株式会社ビーアールホールディングス ¥2,283 million (fiscal year ended March 2026) / キョクトウ高宮株式会社 ¥199 million (fiscal year ended March 2026) / 東日本コンクリート株式会社 Not disclosed
Net assets極東興和株式会社 ¥9,508 million (fiscal year ended March 2026) / 株式会社ビーアールホールディングス ¥10,552 million (fiscal year ended March 2026) / キョクトウ高宮株式会社 ¥346 million (fiscal year ended March 2026) / 東日本コンクリート株式会社 ¥3,502 million (fiscal year ended March 2026)
Consideration and expenses
Type of ConsiderationShares (allocation and delivery of 極東興和 shares; 東日本コンクリート shares will be transferred through a dividend in kind; no consideration will be paid for the merger with キョクトウ高宮)
Impact on Business Performance
This organizational restructuring is an intra-Group transaction and will have a limited impact on consolidated results.
Procedures and assumptions
Conditions Precedent to ExecutionDate of approval at the shareholders' meeting for the merger agreement: 29 September 2026 (予定)
Management structure after acquisitionビーアールホールディングス and キョクトウ高宮 will be dissolved. The surviving company, 極東興和, will have no changes to its corporate name, location, titles and names of representatives, business activities, capital or fiscal year-end. 東日本コンクリート will become our direct subsidiary.
| Item | Details |
|---|---|
| Transaction name | This organizational restructuring |
| Counterparty name | 株式会社ビーアールホールディングス, 極東興和株式会社, キョクトウ高宮株式会社, 東日本コンクリート株式会社 |
| Name of the Subject Company | 極東興和株式会社, 株式会社ビーアールホールディングス, キョクトウ高宮株式会社, 東日本コンクリート株式会社 |
| Business Description of the Subject Company | 極東興和株式会社 New bridge construction using prestressed concrete technology, repair and reinforcement of structures, and manufacture and sale of civil engineering and construction products / 株式会社ビーアールホールディングス Management of subsidiaries and related activities / キョクトウ高宮株式会社 Manufacture of precast components / 東日本コンクリート株式会社 New bridge construction using prestressed concrete technology, repair and reinforcement of structures, and manufacture and sale of civil engineering and construction products |
| Location of the Subject Company | 極東興和株式会社 Higashi Ward, Hiroshima, Hiroshima Prefecture / 株式会社ビーアールホールディングス Higashi Ward, Hiroshima, Hiroshima Prefecture / キョクトウ高宮株式会社 Higashi Ward, Hiroshima, Hiroshima Prefecture / 東日本コンクリート株式会社 Aoba-ku, Sendai, Miyagi Prefecture |
| Capital Stock of the Subject Company | 極東興和株式会社 ¥1,600 million / 株式会社ビーアールホールディングス ¥4,813 million / キョクトウ高宮株式会社 ¥100 million / 東日本コンクリート株式会社 ¥100 million |
| Date of Establishment of the Subject Company | 極東興和株式会社 12 March 1948 / 株式会社ビーアールホールディングス 27 September 2002 / キョクトウ高宮株式会社 1 March 1996 / 東日本コンクリート株式会社 26 June 1951 |
| Net Sales of the Subject Company | 極東興和株式会社 ¥26,147 million (fiscal year ended March 2026) / 株式会社ビーアールホールディングス ¥1,522 million (fiscal year ended March 2026) / キョクトウ高宮株式会社 ¥2,748 million (fiscal year ended March 2026) / 東日本コンクリート株式会社 Not disclosed |
| Operating Profit of the Subject Company | 極東興和株式会社 ¥1,131 million (fiscal year ended March 2026) / 株式会社ビーアールホールディングス ¥867 million (fiscal year ended March 2026) / キョクトウ高宮株式会社 ¥281 million (fiscal year ended March 2026) / 東日本コンクリート株式会社 Not disclosed |
| Net Income of the Subject Company | 極東興和株式会社 ¥542 million (fiscal year ended March 2026) / 株式会社ビーアールホールディングス ¥2,283 million (fiscal year ended March 2026) / キョクトウ高宮株式会社 ¥199 million (fiscal year ended March 2026) / 東日本コンクリート株式会社 Not disclosed |
| Net Assets of the Subject Company | 極東興和株式会社 ¥9,508 million (fiscal year ended March 2026) / 株式会社ビーアールホールディングス ¥10,552 million (fiscal year ended March 2026) / キョクトウ高宮株式会社 ¥346 million (fiscal year ended March 2026) / 東日本コンクリート株式会社 ¥3,502 million (fiscal year ended March 2026) |
| Type of Consideration | Shares (allocation and delivery of 極東興和 shares; 東日本コンクリート shares will be transferred through a dividend in kind; no consideration will be paid for the merger with キョクトウ高宮) |
| Number of shares acquired | 東日本コンクリート株式会社: 200,000 shares. Number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 株式会社ビーアールホールディングス: 100% → after Our company: 100% (all shares of 東日本コンクリート) |
| Impact on Business Performance | This organizational restructuring is an intra-Group transaction and will have a limited impact on consolidated results. |
| Date of board resolution | 27 July 2026 |
| Contract Date | 27 July 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Conditions Precedent to Execution | Date of approval at the shareholders' meeting for the merger agreement: 29 September 2026 (予定) |
| Management structure after acquisition | ビーアールホールディングス and キョクトウ高宮 will be dissolved. The surviving company, 極東興和, will have no changes to its corporate name, location, titles and names of representatives, business activities, capital or fiscal year-end. 東日本コンクリート will become our direct subsidiary. |
Items this document does not state (12)
Acquisition priceExpenses other than the acquisition priceMerger 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 reorganize the capital relationships involving ビーアールホールディングス, which became a subsidiary on 30 March 2026, and its sub-subsidiaries, and to streamline Group management and strengthen governance by dissolving the intermediate holding company ビーアールホールディングス and making 極東興和 and 東日本コンクリート our direct subsidiaries.
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