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This mergerCounterparty (target company)住友重機械搬送システム株式会社, 住友重機械建機クレーン株式会社
Disclosing companySUMITOMO HEAVY INDUSTRIES,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
住友重機械搬送システム株式会社 Engineering, design, manufacture, installation, sales, modification, repair, inspection, testing, adjustment and maintenance services for material-handling equipment, logistics equipment, parking systems, inspection equipment and other products / 住友重機械建機クレーン株式会社 Manufacture, repair and sale of crawler cranes and other construction machinery and related machinery and equipment, as well as all ancillary and related businesses
Location 住友重機械搬送システム株式会社 Shinagawa Ward, Tokyo / 住友重機械建機クレーン株式会社 Shinagawa Ward, TokyoShare capital 住友重機械搬送システム株式会社 ¥480 million / 住友重機械建機クレーン株式会社 ¥4,000 millionDate of incorporation 住友重機械搬送システム株式会社 1 April 1978 / 住友重機械建機クレーン株式会社 1 July 2002
Net Sales住友重機械搬送システム株式会社 ¥61,171 million (fiscal year ended December 2025) / 住友重機械建機クレーン株式会社 ¥41,059 million (fiscal year ended December 2025)
Operating profit住友重機械搬送システム株式会社 ¥5,732 million (fiscal year ended December 2025) / 住友重機械建機クレーン株式会社 ¥801 million (fiscal year ended December 2025)
Net income for the current fiscal year住友重機械搬送システム株式会社 ¥3,920 million (fiscal year ended December 2025) / 住友重機械建機クレーン株式会社 ¥392 million (fiscal year ended December 2025)
Net assets住友重機械搬送システム株式会社 ¥32,720 million (fiscal year ended December 2025) / 住友重機械建機クレーン株式会社 ¥20,433 million (fiscal year ended December 2025)
Consideration and expenses
Acquisition priceNot applicable (no new shares or cash or other assets will be delivered)
Type of ConsiderationNo new shares will be issued and no cash or other consideration will be paid
Merger ratio/share exchange ratioNot applicable. SUMITOMO HEAVY INDUSTRIES,LTD. will be the surviving company in the absorption-type merger
Impact on Business Performance
As this merger is with the Company's consolidated subsidiaries, it will have no effect on consolidated results.
Procedures and assumptions
Conditions Precedent to ExecutionThe merger qualifies as a simplified merger under Article 796, Paragraph 2 of the Companies Act and a short-form merger under Article 784, Paragraph 1 of the Companies Act. Accordingly, approval of the merger agreement at general meetings of shareholders of the surviving company and the dissolving companies is not required.
Management structure after acquisitionThere will be no changes to the Company's corporate name, location, title or name of its representative, business activities, capital or fiscal year-end as a result of the merger. The businesses of both companies will be integrated into a newly established Crane SBU (provisional name) within the Company. Employee treatment is Not disclosed
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | 住友重機械搬送システム株式会社, 住友重機械建機クレーン株式会社 |
| Name of the Subject Company | 住友重機械搬送システム株式会社, 住友重機械建機クレーン株式会社 |
| Business Description of the Subject Company | 住友重機械搬送システム株式会社 Engineering, design, manufacture, installation, sales, modification, repair, inspection, testing, adjustment and maintenance services for material-handling equipment, logistics equipment, parking systems, inspection equipment and other products / 住友重機械建機クレーン株式会社 Manufacture, repair and sale of crawler cranes and other construction machinery and related machinery and equipment, as well as all ancillary and related businesses |
| Location of the Subject Company | 住友重機械搬送システム株式会社 Shinagawa Ward, Tokyo / 住友重機械建機クレーン株式会社 Shinagawa Ward, Tokyo |
| Capital Stock of the Subject Company | 住友重機械搬送システム株式会社 ¥480 million / 住友重機械建機クレーン株式会社 ¥4,000 million |
| Date of Establishment of the Subject Company | 住友重機械搬送システム株式会社 1 April 1978 / 住友重機械建機クレーン株式会社 1 July 2002 |
| Net Sales of the Subject Company | 住友重機械搬送システム株式会社 ¥61,171 million (fiscal year ended December 2025) / 住友重機械建機クレーン株式会社 ¥41,059 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | 住友重機械搬送システム株式会社 ¥5,732 million (fiscal year ended December 2025) / 住友重機械建機クレーン株式会社 ¥801 million (fiscal year ended December 2025) |
| Net Income of the Subject Company | 住友重機械搬送システム株式会社 ¥3,920 million (fiscal year ended December 2025) / 住友重機械建機クレーン株式会社 ¥392 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | 住友重機械搬送システム株式会社 ¥32,720 million (fiscal year ended December 2025) / 住友重機械建機クレーン株式会社 ¥20,433 million (fiscal year ended December 2025) |
| Acquisition price | Not applicable (no new shares or cash or other assets will be delivered) |
| Type of Consideration | No new shares will be issued and no cash or other consideration will be paid |
| Merger ratio/share exchange ratio | Not applicable. SUMITOMO HEAVY INDUSTRIES,LTD. will be the surviving company in the absorption-type merger |
| Voting rights ownership percentage | Before 100% (住友重機械搬送システム株式会社 and 住友重機械建機クレーン株式会社) (after not disclosed) |
| Impact on Business Performance | As this merger is with the Company's consolidated subsidiaries, it will have no effect on consolidated results. |
| Date of board resolution | 29 June 2026 |
| Contract Date | 29 June 2026 |
| Execution Date / Effective Date | 1 January 2027 (scheduled merger date and effective date) |
| Conditions Precedent to Execution | The merger qualifies as a simplified merger under Article 796, Paragraph 2 of the Companies Act and a short-form merger under Article 784, Paragraph 1 of the Companies Act. Accordingly, approval of the merger agreement at general meetings of shareholders of the surviving company and the dissolving companies is not required. |
| Management structure after acquisition | There will be no changes to the Company's corporate name, location, title or name of its representative, business activities, capital or fiscal year-end as a result of the merger. The businesses of both companies will be integrated into a newly established Crane SBU (provisional name) within the Company. Employee treatment is Not disclosed |
Items this document does not state (11)
Expenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding 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.To consolidate management resources within the Company and strengthen profitability and business competitiveness. The businesses of both companies will be integrated into a newly established Crane SBU (provisional name) within the Company.
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