Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
100
% (equity interest)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Transfer of Equity InterestCounterparty沈阳樊利实业有限公司
Disclosing companyMeiji Machine 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
Manufacture and sale of rolls for flour milling
Location 18 Pingguo Road, Economic Development Zone, Dezhou, Shandong Province, People's Republic of ChinaShare capital ¥594 millionDate of incorporation 14 March 2005
Net Sales¥109 million (fiscal year ended December 2025)
Operating profit-¥17 million (fiscal year ended December 2025)
Net income for the current fiscal year-¥17 million (fiscal year ended December 2025)
Net assets¥699 million (fiscal year ended December 2025)
Consideration and expenses
Acquisition priceNot disclosed (Note 2). The transfer price is not disclosed pursuant to the confidentiality obligations between the parties.
Impact on Business Performance
明治機械（徳州）有限公司 will be excluded from the scope of consolidation. The impact of this transaction on the company's consolidated results for the current fiscal year is currently under review. If any matter requiring disclosure arises, the company will promptly disclose it.
Procedures and assumptions
Management structure after acquisition明治機械（徳州）有限公司 will be excluded from the scope of consolidation. The post-transaction corporate name, representative and treatment of employees are not disclosed.
| Item | Details |
|---|---|
| Transaction name | Transfer of Equity Interest |
| Counterparty name | 沈阳樊利实业有限公司 |
| Name of the Subject Company | 明治機械（徳州）有限公司 |
| Business Description of the Subject Company | Manufacture and sale of rolls for flour milling |
| Location of the Subject Company | 18 Pingguo Road, Economic Development Zone, Dezhou, Shandong Province, People's Republic of China |
| Capital Stock of the Subject Company | ¥594 million |
| Date of Establishment of the Subject Company | 14 March 2005 |
| Net Sales of the Subject Company | ¥109 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | -¥17 million (fiscal year ended December 2025) |
| Net Income of the Subject Company | -¥17 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ¥699 million (fiscal year ended December 2025) |
| Acquisition price | Not disclosed (Note 2). The transfer price is not disclosed pursuant to the confidentiality obligations between the parties. |
| Number of shares acquired | 100% equity interest (number of shares not stated); number of voting rights not stated |
| Voting rights ownership percentage | Before 100％ → after ０％ |
| Impact on Business Performance | 明治機械（徳州）有限公司 will be excluded from the scope of consolidation. The impact of this transaction on the company's consolidated results for the current fiscal year is currently under review. If any matter requiring disclosure arises, the company will promptly disclose it. |
| Date of board resolution | 27 April 2026 |
| Contract Date | 27 April 2026 |
| Execution Date / Effective Date | During the fiscal year ending March 2027 (scheduled) |
| Management structure after acquisition | 明治機械（徳州）有限公司 will be excluded from the scope of consolidation. The post-transaction corporate name, representative and treatment of employees are not disclosed. |
Items this document does not state (13)
Expenses 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)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.The company cited the need to focus and concentrate its management resources in response to significant changes in the international situation and trends in the Chinese market.
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