Worth reading
36Immaterial
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
51
Increase in ownership stake (percentage points)Wording
Conditional
How definitive the wording is.This transaction
Becoming a wholly owned subsidiaryDisclosing companyHISAKA WORKS,LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Execution Date / Effective DateWholly owned subsidiary status completed. Specific effective date: Not disclosed
Target company
Sales and after-sales service of heat exchangers and valves
Location Bangkok, THAILANDShare capital THB 6 millionDate of incorporation 16 October 2007
Net SalesTHB 110 million (approximately ¥519 million, fiscal year ending March 2026)
Impact on Business Performance
The impact on results of operations and financial position for the fiscal year ending March 2027 is immaterial.
Procedures and assumptions
Management structure after acquisitionThe representative is YEOH TEIK LOON (an employee of HISAKAWORKS S.E.A.). Change of trade name and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Becoming a wholly owned subsidiary |
| Name of the Subject Company | HISAKA WORKS (THAILAND) CO., LTD. |
| Business Description of the Subject Company | Sales and after-sales service of heat exchangers and valves |
| Location of the Subject Company | Bangkok, THAILAND |
| Capital Stock of the Subject Company | THB 6 million |
| Date of Establishment of the Subject Company | 16 October 2007 |
| Net Sales of the Subject Company | THB 110 million (approximately ¥519 million, fiscal year ending March 2026) |
| Number of shares acquired | All shares held by existing shareholders (number of shares and voting rights: Not disclosed) |
| Voting rights ownership percentage | Before 49.00% (including indirect ownership) → after 100.00％ |
| Impact on Business Performance | The impact on results of operations and financial position for the fiscal year ending March 2027 is immaterial. |
| Execution Date / Effective Date | Wholly owned subsidiary status completed. Specific effective date: Not disclosed |
| Management structure after acquisition | The representative is YEOH TEIK LOON (an employee of HISAKAWORKS S.E.A.). Change of trade name and treatment of employees: Not disclosed |
Items this document does not state (20)
Counterparty nameOperating 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 periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract 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.To strengthen governance and accelerate decision-making in support of further business expansion by HISAKAWORKS THAILAND.
How to read this page
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