Business Integration and Share Exchange with 大同工業
First written in FY2025. 1 of 4 entries say "Advanced", first in FY2026-H1. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1Reflection of Daido Kogyo's consolidated effects in resultsAnnual report
「Revenue increased year on year because sales of motorcycle parts rose following the conversion of Daido Kogyo Co., Ltd. into a consolidated subsidiary.」
For the business integration with Daido Kogyo completed in FY2026, the company reported an earnings benefit in the current interim period from increased sales of motorcycle parts. - FY2026AchievedAnnual report
「Our company and Daido Kogyo Co., Ltd., hereinafter “Daido Kogyo,” … conducted a share exchange effective 1 January 2026.」
The share exchange and business integration with Daido Kogyo were completed on 1 January 2026, and Daido Kogyo and its 15 subsidiaries became consolidated subsidiaries. The integration, which contemplated overseas business expansion, cross-selling, and new businesses and joint development, has been completed. - FY2026-H1AdvancedAnnual report
「This share exchange is scheduled to take place on 1 January 2026, as its effective date, subject to approval and other requirements from the relevant authorities under applicable competition laws in Japan and Thailand. For the Company, it will be conducted through a simplified share exchange procedure that does not require approval by a resolution of the shareholders' meeting under Article 796, Paragraph 2 of the Companies Act. For Daido Kogyo, approval of the share exchange was obtained by resolution of Daido Kogyo's annual shareholders' meeting held on 24 June 2025.」
The company continues to disclose plans for a share exchange effective 1 January 2026, subject to approval at Daido Kogyo's shareholders' meeting and approvals under competition law. The transaction had not been completed as of the date of this filing. - FY2025First statedAnnual report
「The companies decided to carry out a business integration between them and a share exchange under which our company would become the wholly owning parent company in the share exchange and Daido Kogyo would become the wholly owned subsidiary, hereinafter the “Share Exchange.” On the same day, they entered into a business integration agreement, hereinafter the “Business Integration Agreement,” and a share exchange agreement.」
On 14 May 2025, the company entered into a business integration agreement and share exchange agreement with Daido Kogyo. The effective date is scheduled for 1 January 2026, with a share exchange ratio of 0.65 of the company's shares for each share of Daido Kogyo and 6,558,107 shares scheduled to be issued. The stated objectives are to expand overseas business, pursue cross-selling in existing businesses, and develop new businesses and joint projects.