Worth reading
39Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
This mergerCounterparty (target company)北陸ケーティーツール株式会社, 株式会社ＨＩ-ＴＯＯＬ
Disclosing companyKYOTO TOOL CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Impact on Business Performance
The impact on the Company's consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionApproval of the relevant proposals at the Company's 76th Annual General Meeting of Shareholders, scheduled to be held on 26 June 2026.
Management structure after acquisitionThe Company will be the surviving company, while 北陸KTC and HI-TOOL will be absorbed companies and cease to exist. Trade name, representative, and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | 北陸ケーティーツール株式会社, 株式会社ＨＩ-ＴＯＯＬ |
| Name of the Subject Company | 北陸ケーティーツール株式会社, 株式会社ＨＩ-ＴＯＯＬ |
| Impact on Business Performance | The impact on the Company's consolidated results will be immaterial. |
| Date of board resolution | 20 May 2026 |
| Contract Date | 20 May 2026 |
| Execution Date / Effective Date | 1 October 2026 (予定) |
| Conditions Precedent to Execution | Approval of the relevant proposals at the Company's 76th Annual General Meeting of Shareholders, scheduled to be held on 26 June 2026. |
| Management structure after acquisition | The Company will be the surviving company, while 北陸KTC and HI-TOOL will be absorbed companies and cease to exist. Trade name, representative, and treatment of employees: Not disclosed |
Items this document does not state (23)
Business Description of the Subject CompanyLocation 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 CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding 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.This document does not explain the specific purpose of the merger and refers readers to the disclosure dated 11 March 2026. As the merger is with wholly owned subsidiaries, its impact on consolidated results is expected to be minor.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.