Komori
M&A and Subsidiary Changes6525KOKUSAI ELECTRIC CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding Land Acquisition in Tonami City, Toyama Prefecture

The Company has decided to acquire approximately 43,000 square meters of land adjacent to its Tonami facility from Tonami City for approximately ¥1.0 billion. Although the specific use has not yet been determined, the Company expects to use the land to expand production and research and development.

Worth reading
46Recurring
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
10
Hundreds of millions of yen
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Land acquisition
CounterpartyTonami City
Disclosing companyKOKUSAI ELECTRIC CORPORATION
Subject of this transaction
Execution Date / Effective DateThe handover of the land is scheduled to be completed by around September 2026.
Consideration and expenses
Acquisition priceApproximately ¥1 billion
Impact on Business Performance

The acquisition of this fixed asset will have no impact on the Company's results for the current fiscal year.

Procedures and assumptions
Conditions Precedent to ExecutionApproval by resolution of the Tonami City Council and other conditions
This transaction
ItemDetails
Transaction nameLand acquisition
Counterparty nameTonami City
Acquisition priceApproximately ¥1 billion
Impact on Business PerformanceThe acquisition of this fixed asset will have no impact on the Company's results for the current fiscal year.
Execution Date / Effective DateThe handover of the land is scheduled to be completed by around September 2026.
Conditions Precedent to ExecutionApproval by resolution of the Tonami City Council and other conditions
Items this document does not state (26)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation 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 percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

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 semiconductor-related market is expected to grow more rapidly and on a larger scale than initially anticipated, creating a need to expand production capacity. The Company expects to leverage its existing supply chain and logistics network to support initiatives addressing market expansion, including production and research and development.

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.
Notice Regarding Land Acquisition in Tonami City, Toyama Prefecture | KOKUSAI ELECTRIC CORPORATION (6525) timely disclosure | Komori