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Absorption-type merger of a wholly owned subsidiary (simplified merger and abbreviated merger)Counterparty (target company)QSOインダストリアル株式会社
Disclosing companyMAEZAWA KYUSO INDUSTRIES CO.,LTD.
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
給水給湯配管部材販売、配管工事請負
Location Kohoku-ku, Yokohama, Kanagawa PrefectureShare capital ¥11 millionDate of incorporation 1978 年 6 月 12 日
Net Sales871 百万円（2024 年 3 月期）
Operating profit30 百万円（2024 年 3 月期）
Net income for the current fiscal year20 百万円（2024 年 3 月期）
Net assets559 百万円（2024 年 3 月期）
Consideration and expenses
Acquisition priceNot applicable (no new shares will be issued and no cash or other consideration will be paid)
Type of ConsiderationNo consideration (no new shares will be issued and no cash or other consideration will be paid)
Merger ratio/share exchange ratioNot applicable (no new shares will be issued and no cash or other consideration will be paid)
Impact on Business Performance
The impact on the Company's consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to Execution株主総会は開催しません（会社法第796条第2項に基づく簡易合併、同第784条第1項に基づく略式合併のため）
Management structure after acquisition本合併による当社の名称、本店所在地、代表者、事業内容、資本金及び決算期に変更はありません。従業員の処遇はNot disclosed
| Item | Details |
|---|---|
| Transaction name | Absorption-type merger of a wholly owned subsidiary (simplified merger and abbreviated merger) |
| Counterparty name | QSOインダストリアル株式会社 |
| Name of the Subject Company | QSOインダストリアル株式会社 |
| Business Description of the Subject Company | 給水給湯配管部材販売、配管工事請負 |
| Location of the Subject Company | Kohoku-ku, Yokohama, Kanagawa Prefecture |
| Capital Stock of the Subject Company | ¥11 million |
| Date of Establishment of the Subject Company | 1978 年 6 月 12 日 |
| Net Sales of the Subject Company | 871 百万円（2024 年 3 月期） |
| Operating Profit of the Subject Company | 30 百万円（2024 年 3 月期） |
| Net Income of the Subject Company | 20 百万円（2024 年 3 月期） |
| Net Assets of the Subject Company | 559 百万円（2024 年 3 月期） |
| Acquisition price | Not applicable (no new shares will be issued and no cash or other consideration will be paid) |
| Type of Consideration | No consideration (no new shares will be issued and no cash or other consideration will be paid) |
| Merger ratio/share exchange ratio | Not applicable (no new shares will be issued and no cash or other consideration will be paid) |
| Voting rights ownership percentage | Before 100.00% (after not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated results will be immaterial. |
| Date of board resolution | 20 December 2024 |
| Contract Date | 20 December 2024 |
| Execution Date / Effective Date | 2025年4月1日（合併予定日・効力発生日） |
| Conditions Precedent to Execution | 株主総会は開催しません（会社法第796条第2項に基づく簡易合併、同第784条第1項に基づく略式合併のため） |
| Management structure after acquisition | 本合併による当社の名称、本店所在地、代表者、事業内容、資本金及び決算期に変更はありません。従業員の処遇はNot disclosed |
Items this document does not state (11)
Expenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
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.QSOインダストリアル株式会社との間で販売チャネルを含む事業全般の重複が多く、事業の効率化を目指すためです。
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