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M&A and Subsidiary Changes6430DAIKOKU DENKI CO.,LTD.Machinery

Notice Regarding the Acquisition of Fixed Assets

The Company has decided to acquire the hotel building and appurtenant facilities, etc. (excluding land), of Miyako Hotel Gifu Nagaragawa in Gifu, Gifu Prefecture. Kintetsu-Miyako Hotels is expected to continue operating the hotel after the acquisition.

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This transaction

Acquisition of Fixed Assets
CounterpartyA domestic special-purpose company (not disclosed due to confidentiality obligations)
Disclosing companyDAIKOKU DENKI CO.,LTD.
Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Location Gifu City, Gifu Prefecture
Consideration and expenses
Acquisition priceThe Company will refrain from disclosing the amount due to confidentiality obligations with the counterparty.
Funding arrangementsThe acquisition is expected to be funded with internal funds.
Impact on Business Performance

The impact on the consolidated earnings forecast for the fiscal year ending March 2027 is expected to be immaterial.

Procedures and assumptions
Valuation methodologyReal estate appraisal by a third party, etc.
Management structure after acquisitionKintetsu-Miyako Hotels is expected to continue operating the hotel after the acquisition. The Company will leverage the Group's system-building and solution capabilities while maintaining the hotel's customer base and brand value.
This transaction
ItemDetails
Transaction nameAcquisition of Fixed Assets
Counterparty nameA domestic special-purpose company (not disclosed due to confidentiality obligations)
Location of the Subject CompanyGifu City, Gifu Prefecture
Acquisition priceThe Company will refrain from disclosing the amount due to confidentiality obligations with the counterparty.
Funding arrangementsThe acquisition is expected to be funded with internal funds.
Impact on Business PerformanceThe impact on the consolidated earnings forecast for the fiscal year ending March 2027 is expected to be immaterial.
Date of board resolution30 June 2026 (Tuesday)
Contract Date30 June 2026 (Tuesday) (scheduled)
Execution Date / Effective Date31 July 2026 (Friday) (scheduled)
Valuation methodologyReal estate appraisal by a third party, etc.
Management structure after acquisitionKintetsu-Miyako Hotels is expected to continue operating the hotel after the acquisition. The Company will leverage the Group's system-building and solution capabilities while maintaining the hotel's customer base and brand value.
Items this document does not state (21)
Name of the Subject CompanyBusiness Description of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageGoodwill amountAmount of extraordinary income (loss)Independent 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 acquisition is intended to establish a revenue base for the tourism business set out in the 2030 Vision of the Company's medium-term management plan, maintain the hotel's customer base and brand value, create new value by leveraging the Group's system-building and solution capabilities, and contribute to improving corporate value over the medium to long term.

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Notice Regarding the Acquisition of Fixed Assets | DAIKOKU DENKI CO.,LTD. (6430) timely disclosure | Komori