Worth reading
50Recurring
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
51886250
Japanese yen (US$325,000)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares in PERMITS AI INC. (making it a subsidiary)CounterpartySteve Mynott
Disclosing companyARCHITECTS STUDIO JAPAN INC.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Date of board resolution31 March 2026
Contract Date31 March 2026
Execution Date / Effective Date31 March 2026
Target company
AI development
Location Toronto, Ontario, CanadaShare capital US$750,000 (¥119,737,500 at the exchange rate of ¥159.65 per US dollar as of 30 March 2026)Date of incorporation 28 September 2023
Net Sales— (as of the end of February 2026; unit: yen)
Operating profit— (as of the end of February 2026; unit: yen)
Net income for the current fiscal year— (as of the end of February 2026; unit: yen)
Net assets¥51,886,250 (as of the end of February 2026)
Consideration and expenses
Acquisition priceUS$325,000 (¥51,886,250 at the exchange rate of ¥159.65 per US dollar as of 30 March 2026)
Type of ConsiderationCash
Impact on Business Performance
The impact of this transaction on the Company's financial results is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionIn the future, PERMITS AI INC. will serve as the Company's base for expanding into North America. Changes to the corporate name and the treatment of the representative and employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in PERMITS AI INC. (making it a subsidiary) |
| Counterparty name | Steve Mynott |
| Name of the Subject Company | PERMITS AI INC. |
| Business Description of the Subject Company | AI development |
| Location of the Subject Company | Toronto, Ontario, Canada |
| Capital Stock of the Subject Company | US$750,000 (¥119,737,500 at the exchange rate of ¥159.65 per US dollar as of 30 March 2026) |
| Date of Establishment of the Subject Company | 28 September 2023 |
| Net Sales of the Subject Company | — (as of the end of February 2026; unit: yen) |
| Operating Profit of the Subject Company | — (as of the end of February 2026; unit: yen) |
| Net Income of the Subject Company | — (as of the end of February 2026; unit: yen) |
| Net Assets of the Subject Company | ¥51,886,250 (as of the end of February 2026) |
| Acquisition price | US$325,000 (¥51,886,250 at the exchange rate of ¥159.65 per US dollar as of 30 March 2026) |
| Type of Consideration | Cash |
| Number of shares acquired | 750,000 common shares (750,000 voting rights) |
| Voting rights ownership percentage | Before 0.0％ → after 100.0％ |
| Impact on Business Performance | The impact of this transaction on the Company's financial results is expected to be immaterial. |
| Date of board resolution | 31 March 2026 |
| Contract Date | 31 March 2026 |
| Execution Date / Effective Date | 31 March 2026 |
| Management structure after acquisition | In the future, PERMITS AI INC. will serve as the Company's base for expanding into North America. Changes to the corporate name and the treatment of the representative and employees: Not disclosed |
Items this document does not state (12)
Expenses 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 CommitteeConditions Precedent to Execution
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.In addition to jointly developing a next-generation architect-designed platform, the Company intends to establish PERMITS AI INC. as its base for expanding into North America and thereby further develop the Group.
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.