Komori
M&A and Subsidiary Changes5998Advanex Inc.Construction and Materials

Notice of Transfer of Fixed Assets by an Overseas Subsidiary

An overseas subsidiary will transfer the fixed assets of a plant in Singapore that had ceased production for ¥1,708 million. The extraordinary gain from the transfer has already been reflected in the full-year earnings forecast for the fiscal year ending March 2027.

Worth reading
47Recurring
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
1708
¥ million
Wording
Definitive
How definitive the wording is.

This transaction

Transfer of fixed assets by an overseas subsidiary
CounterpartySF Bedok North Pte Ltd.
Disclosing companyAdvanex Inc.
Subject of this transaction
Date of board resolution7 August 2026
Contract Date7 August 2026
Execution Date / Effective Date7 August 2026 (property handover date)
Target company
Net assetsUndisclosed at the transferee's request
Consideration and expenses
Acquisition pricePlanned transfer price: ¥1,708 million (USD 10.811 million)
Amount of extraordinary income (loss)The extraordinary gain from the transfer of fixed assets has already been reflected in the full-year earnings forecast for the fiscal year ending March 2027. The amount is not disclosed.
Impact on Business Performance

The extraordinary gain from the transfer of fixed assets has already been reflected in the full-year earnings forecast for the fiscal year ending March 2027.

This transaction
ItemDetails
Transaction nameTransfer of fixed assets by an overseas subsidiary
Counterparty nameSF Bedok North Pte Ltd.
Net Assets of the Subject CompanyUndisclosed at the transferee's request
Acquisition pricePlanned transfer price: ¥1,708 million (USD 10.811 million)
Amount of extraordinary income (loss)The extraordinary gain from the transfer of fixed assets has already been reflected in the full-year earnings forecast for the fiscal year ending March 2027. The amount is not disclosed.
Impact on Business PerformanceThe extraordinary gain from the transfer of fixed assets has already been reflected in the full-year earnings forecast for the fiscal year ending March 2027.
Date of board resolution7 August 2026
Contract Date7 August 2026
Execution Date / Effective Date7 August 2026 (property handover date)
Items this document does not state (23)
Name of the Subject CompanyBusiness 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 CompanyExpenses 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 amountValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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.

The Singapore plant had become less profitable due to rising labor and fixed costs in surrounding regions and the relocation of many customers to other regions, and its production functions had therefore been suspended since December 2024.

How to read this page

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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.
Notice of Transfer of Fixed Assets by an Overseas Subsidiary | Advanex Inc. (5998) timely disclosure | Komori