Worth reading
42Recurring
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
33
% (equity interest carrying voting rights to be transferred)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Transfer of Equity InterestCounterparty山東五征集団有限公司
Disclosing companyTAKAKITA CO.,LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Production and sale of agricultural machinery
Location Rizhao, Shandong Province, ChinaShare capital ¥25 millionDate of incorporation 27 September 2016
Net Sales¥9.517 million (fiscal year ended December 2025)
Operating profit¥19.279 million operating loss (fiscal year ended December 2025)
Net income for the current fiscal year¥19.282 million net loss (fiscal year ended December 2025)
Net assets¥11.556 million (fiscal year ended December 2025)
Consideration and expenses
Acquisition priceNot disclosed due to the confidentiality obligations between the parties
Impact on Business Performance
The impact of this transfer of equity interest on the Company's earnings is expected to be immaterial. If any matter requiring disclosure arises, the Company will disclose it promptly.
Procedures and assumptions
Valuation methodologyDetermined through negotiations with the counterparty following a fair process
| Item | Details |
|---|---|
| Transaction name | Transfer of Equity Interest |
| Counterparty name | 山東五征集団有限公司 |
| Name of the Subject Company | 山東五征高北農牧機械有限公司 |
| Business Description of the Subject Company | Production and sale of agricultural machinery |
| Location of the Subject Company | Rizhao, Shandong Province, China |
| Capital Stock of the Subject Company | ¥25 million |
| Date of Establishment of the Subject Company | 27 September 2016 |
| Net Sales of the Subject Company | ¥9.517 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | ¥19.279 million operating loss (fiscal year ended December 2025) |
| Net Income of the Subject Company | ¥19.282 million net loss (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ¥11.556 million (fiscal year ended December 2025) |
| Acquisition price | Not disclosed due to the confidentiality obligations between the parties |
| Voting rights ownership percentage | Before 35.0％ → after 2.0％ |
| Impact on Business Performance | The impact of this transfer of equity interest on the Company's earnings is expected to be immaterial. If any matter requiring disclosure arises, the Company will disclose it promptly. |
| Date of board resolution | 16 July 2026 |
| Execution Date / Effective Date | August 2026 (scheduled) |
| Valuation methodology | Determined through negotiations with the counterparty following a fair process |
Items this document does not state (15)
Expenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateIndependent 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.After comprehensively considering the business environment surrounding the target company, its earnings performance and future business development, among other factors, the Company aims to improve capital efficiency and enhance the efficiency of business operations.
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.