This transaction
This share transferThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Operation and maintenance of water and environmental plants, and the design and construction of such facilities; chemicals business; and oversight of operating subsidiaries
The Company expects to record a gain on the sale of an investment accounted for under the equity method and a gain on the sale of shares in an affiliate in the consolidated income statement for the fiscal year ending December 2026. The amounts and the impact on results for the fiscal year ending December 2026 are currently under review.
| Item | Details |
|---|---|
| Transaction name | This share transfer |
| Counterparty name | INFRONEER Holdings Inc. |
| Name of the Subject Company | Name of target company |
| Business Description of the Subject Company | Operation and maintenance of water and environmental plants, and the design and construction of such facilities; chemicals business; and oversight of operating subsidiaries |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥5,500 million (as of 31 December 2025) |
| Date of Establishment of the Subject Company | 1 April 1977 |
| Net Sales of the Subject Company | ¥82,937 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | ¥6,817 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥6,199 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥31,960 million (fiscal year ended March 2025) |
| Acquisition price | ¥30,400 million (planned transfer price for the shares; the actual transfer price will be determined through a price adjustment) |
| Type of Consideration | Cash (planned transfer price of ¥30,400 million) |
| Number of shares acquired | 1,000,000 shares (10,000 voting rights) |
| Voting rights ownership percentage | Before 33.33％ → after 0.00％ |
| Amount of extraordinary income (loss) | The Company expects to record a gain on the sale of an investment accounted for under the equity method and a gain on the sale of shares in an affiliate in the fiscal year ending December 2026. The amounts are currently under review. |
| Impact on Business Performance | The Company expects to record a gain on the sale of an investment accounted for under the equity method and a gain on the sale of shares in an affiliate in the consolidated income statement for the fiscal year ending December 2026. The amounts and the impact on results for the fiscal year ending December 2026 are currently under review. |
| Date of board resolution | 14 April 2026 |
| Contract Date | 14 April 2026 |
| Execution Date / Effective Date | 1 July 2026 (scheduled) |
Items this document does not state (12)
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.As the business environment changes, including the expanding adoption of Water PPP and the full-scale emergence of renewal demand due to the aging of existing facilities, the Company determined that transferring the shares to the optimal shareholder, which has a clear strategy and execution capabilities to support Japan’s social infrastructure over the medium to long term, would contribute to enhancing 水ing株式会社’s future corporate value.