Worth reading
62In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
9368
¥ million (approximate total including acquisition-related expenses and other costs)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of shares in 株式会社ブイテックス (making it a subsidiary)CounterpartyKanadevia Corporation
Disclosing companyKITZ CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Execution Date / Effective Date1 June 2026 (completion of acquisition)
Target company
Development and manufacture of industrial special-purpose valves, and manufacture of rupture discs
Location Shinagawa Ward, TokyoShare capital ¥443 millionDate of incorporation 7 May 1949
Consideration and expenses
Acquisition priceAcquisition price for the shares: ¥9,198 million
Expenses other than the acquisition priceAdvisory fees and other costs (approximate): ¥170 million
Impact on Business Performance
Currently under review
Procedures and assumptions
Management structure after acquisition加藤建二 Kato Kenji (加藤建二) was appointed Representative Director and President; 増尾宏之 Masuo Hiroyuki (増尾宏之), Senior Managing Director; 中村豪志 Nakamura Takeshi (中村豪志), 山田光治 Yamada Koji (山田光治), 野崎豊 Nozaki Yutaka (野崎豊), 岡田充人 Okada Mitsuto (岡田充人) and 鈴木規昭 Suzuki Noriaki (鈴木規昭), Directors; 前川知哉 Maekawa Tomoya (前川知哉), Outside Director; and 村澤俊之 Murasawa Toshiyuki (村澤俊之) and 別所研一 Bessho Kenichi (別所研一), Outside Audit & Supervisory Board Members. 前川知哉 Maekawa Tomoya (前川知哉) concurrently serves as an executive officer of 株式会社キッツ, 村澤俊之 Murasawa Toshiyuki (村澤俊之) as a director of 株式会社キッツ, and 別所研一 Bessho Kenichi (別所研一) as an executive officer of 株式会社キッツ.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in 株式会社ブイテックス (making it a subsidiary) |
| Counterparty name | Kanadevia Corporation |
| Name of the Subject Company | 株式会社ブイテックス |
| Business Description of the Subject Company | Development and manufacture of industrial special-purpose valves, and manufacture of rupture discs |
| Location of the Subject Company | Shinagawa Ward, Tokyo |
| Capital Stock of the Subject Company | ¥443 million |
| Date of Establishment of the Subject Company | 7 May 1949 |
| Acquisition price | Acquisition price for the shares: ¥9,198 million |
| Expenses other than the acquisition price | Advisory fees and other costs (approximate): ¥170 million |
| Number of shares acquired | 886,400 shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 0.0％ → after 100.0％ |
| Impact on Business Performance | Currently under review |
| Execution Date / Effective Date | 1 June 2026 (completion of acquisition) |
| Management structure after acquisition | 加藤建二 Kato Kenji (加藤建二) was appointed Representative Director and President; 増尾宏之 Masuo Hiroyuki (増尾宏之), Senior Managing Director; 中村豪志 Nakamura Takeshi (中村豪志), 山田光治 Yamada Koji (山田光治), 野崎豊 Nozaki Yutaka (野崎豊), 岡田充人 Okada Mitsuto (岡田充人) and 鈴木規昭 Suzuki Noriaki (鈴木規昭), Directors; 前川知哉 Maekawa Tomoya (前川知哉), Outside Director; and 村澤俊之 Murasawa Toshiyuki (村澤俊之) and 別所研一 Bessho Kenichi (別所研一), Outside Audit & Supervisory Board Members. 前川知哉 Maekawa Tomoya (前川知哉) concurrently serves as an executive officer of 株式会社キッツ, 村澤俊之 Murasawa Toshiyuki (村澤俊之) as a director of 株式会社キッツ, and 別所研一 Bessho Kenichi (別所研一) as an executive officer of 株式会社キッツ. |
Items this document does not state (18)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation 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.This disclosure does not explain the purpose or rationale for the share acquisition.
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.