Worth reading
58In focus
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
2654
¥ million (estimated acquisition price plus related expenses)Wording
Conditional
How definitive the wording is.This transaction
Share acquisition (making the company a wholly owned subsidiary)CounterpartyJohn Chan Hwann Kiat, 1 other person
Disclosing companyTECHNO HORIZON CO.,LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
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
Sale of machine vision equipment and provision of related systems, Provision of 3D image processing and industrial automation systems
Location Singapore, SingaporeShare capital SGD 500,000 (¥61 million), SGD 150,000 (¥18 million)Date of incorporation 26 July 2005, 23 August 2021
Net SalesFiscal year ended December 2025: SGD 17,032 thousand (¥2,074 million), Fiscal year ended December 2025: SGD 1,438 thousand (¥175 million)
Net income for the current fiscal yearFiscal year ended December 2025: SGD 2,604 thousand (¥317 million), Fiscal year ended December 2025: SGD 402 thousand (¥49 million)
Net assetsFiscal year ended December 2025: SGD 7,387 thousand (¥900 million), Fiscal year ended December 2025: SGD 1,374 thousand (¥167 million)
Consideration and expenses
Acquisition priceEstimated acquisition price: ¥2,511 million
Expenses other than the acquisition priceEstimated related expenses: ¥143 million
Goodwill amountAmount: Currently under review. To be recognized in the current fiscal year (fiscal year ending March 2027). Amortization period: not disclosed
Goodwill is the amount paid in excess of the acquired company's net assets.Impact on Business Performance
The impact on the Company's consolidated results for the fiscal year ending March 2027 is currently under review. The Company will promptly disclose any matters requiring disclosure.
| Item | Details |
|---|---|
| Transaction name | Share acquisition (making the company a wholly owned subsidiary) |
| Counterparty name | John Chan Hwann Kiat, 1 other person |
| Name of the Subject Company | Vital Vision Technology Pte. Ltd., EI3D Pte. Ltd. |
| Business Description of the Subject Company | Sale of machine vision equipment and provision of related systems, Provision of 3D image processing and industrial automation systems |
| Location of the Subject Company | Singapore, Singapore |
| Capital Stock of the Subject Company | SGD 500,000 (¥61 million), SGD 150,000 (¥18 million) |
| Date of Establishment of the Subject Company | 26 July 2005, 23 August 2021 |
| Net Sales of the Subject Company | Fiscal year ended December 2025: SGD 17,032 thousand (¥2,074 million), Fiscal year ended December 2025: SGD 1,438 thousand (¥175 million) |
| Net Income of the Subject Company | Fiscal year ended December 2025: SGD 2,604 thousand (¥317 million), Fiscal year ended December 2025: SGD 402 thousand (¥49 million) |
| Net Assets of the Subject Company | Fiscal year ended December 2025: SGD 7,387 thousand (¥900 million), Fiscal year ended December 2025: SGD 1,374 thousand (¥167 million) |
| Acquisition price | Estimated acquisition price: ¥2,511 million |
| Expenses other than the acquisition price | Estimated related expenses: ¥143 million |
| Number of shares acquired | VVT: 500,000 shares (500,000 voting rights), EI3D: 150,000 shares (150,000 voting rights) |
| Voting rights ownership percentage | Before 0％ → after 100％ |
| Goodwill amount | Amount: Currently under review. To be recognized in the current fiscal year (fiscal year ending March 2027). Amortization period: not disclosed |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending March 2027 is currently under review. The Company will promptly disclose any matters requiring disclosure. |
| Date of board resolution | 24 July 2026 |
| Contract Date | 27 July 2026 |
| Execution Date / Effective Date | Late August 2026 (予定) |
Items this document does not state (13)
Operating Profit of the Subject CompanyType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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.To combine the target companies' machine vision and 3D automation technologies with the TECHNO HORIZON Group's strengths in imaging and IT and robotics, thereby providing high-value-added solutions. In addition, through technological collaboration with Apollo Seiko Ltd. and the integration of the target companies' business base in Southeast Asia with the TECHNO HORIZON Group's global network, the Group aims to address overseas production sites, develop new customers, and enter new countries and business areas.
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