Notice of the Acquisition of an Interest in Muumuu Rainbow Fashion LLC, Which Operates Three Businesses: Manufacturing, Sales and Rental of Hawaiian and Wedding Attire, and Its Conversion into a Subsidiary | AirTrip Corp. (6191) timely disclosure

Worth reading

35Immaterial

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Direction

Improvement

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Scale

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Wording

Conditional

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This transaction

Acquisition of an equity interest in, and conversion into a subsidiary of, Muumuu Rainbow Fashion LLC

Disclosing companyAirTrip Corp.

Muumuu Rainbow Fashion LLCSubject of this transaction

Target company

Three businesses: the manufacture, sale and rental of Hawaiian and wedding apparel and other products

Location Honolulu, Hawaii, United States

Impact on Business Performance

The impact of this transaction on the Group's results for the current fiscal year is expected to be immaterial. Although the transaction is not expected to meet the criteria for timely disclosure, the Company will make a timely announcement if any changes arise.

Procedures and assumptions

Management structure after acquisitionThe Company states that, together with Mr. Sugaya (菅谷氏), who serves as the target company's representative, it will promote diversified business operations in Hawaii as a long-term business partner with Hawaii as their common theme. The corporate name and treatment of employees are not disclosed.

This transaction
Item	Details
Transaction name	Acquisition of an equity interest in, and conversion into a subsidiary of, Muumuu Rainbow Fashion LLC
Name of the Subject Company	Muumuu Rainbow Fashion LLC
Business Description of the Subject Company	Three businesses: the manufacture, sale and rental of Hawaiian and wedding apparel and other products
Location of the Subject Company	Honolulu, Hawaii, United States
Impact on Business Performance	The impact of this transaction on the Group's results for the current fiscal year is expected to be immaterial. Although the transaction is not expected to meet the criteria for timely disclosure, the Company will make a timely announcement if any changes arise.
Management structure after acquisition	The Company states that, together with Mr. Sugaya (菅谷氏), who serves as the target company's representative, it will promote diversified business operations in Hawaii as a long-term business partner with Hawaii as their common theme. The corporate name and treatment of employees are not disclosed.

Items this document does not state (26)

Counterparty nameCapital 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)Date of board resolutionContract DateExecution Date / Effective DateValuation 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.

The Company aims to create new products, services and experiential value by combining the target company's brand strength in Hawaii, product development and manufacturing expertise, store and service operating platform, and local network with the Group's customer base, brand recognition, and marketing and systems development expertise. The Company also intends to rebuild the Group's Hawaii travel business by leveraging the target company's business platform.

How to read this page

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