Worth reading
35Immaterial
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
882
Million rupees (approximately ¥1,500 million; stated capital of the joint venture)Wording
Conditional
How definitive the wording is.This transaction
Establishment of a Joint Venture (Consolidated Subsidiary) in IndiaCounterpartyIce Make Refrigeration Ltd
Disclosing companyGALILEI HOLDINGS CO.LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company
Manufacture and sale of commercial refrigeration equipment
Location Gujarat, Republic of IndiaShare capital 882 million rupees (approximately ¥1,500 million)Date of incorporation September 2026 (scheduled)
Net assets882 million rupees (approximately ¥1,500 million)
Impact on Business Performance
The impact of this transaction on our consolidated results is expected to be immaterial, but we believe it will contribute to improving our results and corporate value over the medium to long term.
Procedures and assumptions
Management structure after acquisitionThe company is予定 to become our consolidated subsidiary. The company name, representative, and treatment of employees: not disclosed
| Item | Details |
|---|---|
| Transaction name | Establishment of a Joint Venture (Consolidated Subsidiary) in India |
| Counterparty name | Ice Make Refrigeration Ltd |
| Name of the Subject Company | Fukushima Galilei Ice Make Private Limited (tentative) |
| Business Description of the Subject Company | Manufacture and sale of commercial refrigeration equipment |
| Location of the Subject Company | Gujarat, Republic of India |
| Capital Stock of the Subject Company | 882 million rupees (approximately ¥1,500 million) |
| Date of Establishment of the Subject Company | September 2026 (scheduled) |
| Net Assets of the Subject Company | 882 million rupees (approximately ¥1,500 million) |
| Voting rights ownership percentage | After 60% (before not disclosed) |
| Impact on Business Performance | The impact of this transaction on our consolidated results is expected to be immaterial, but we believe it will contribute to improving our results and corporate value over the medium to long term. |
| Date of board resolution | 24 July 2026 |
| Contract Date | 24 July 2026 |
| Execution Date / Effective Date | September 2026 (予定) (planned timing of the joint venture's establishment and commencement of operations) |
| Management structure after acquisition | The company is予定 to become our consolidated subsidiary. The company name, representative, and treatment of employees: not disclosed |
Items this document does not state (18)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyAcquisition priceExpenses 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)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.To establish a local production and sales structure in the Indian market, provide food safety and security, and gain market share and build brand recognition in India.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.