Komori
M&A and Subsidiary Changes6675SAXA,Inc.Electrical Equipment and Precision Instruments

Notice Regarding the Decision on a Policy for the Disposal of Fixed Assets and the Construction of a New Plant

The company decided to sell its aging plant in Yonezawa, Yamagata Prefecture, through competitive bidding and transfer its production functions to a new plant. The company plans to invest ¥2.8 billion–¥3.5 billion in the new plant, with construction scheduled to begin in August 2026 and operations scheduled to start in March 2028.

Worth reading
61In focus
Scored from 2 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
28
¥2.8 billion–¥3.5 billion (planned investment scale)
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Transfer of fixed assets (plant) and construction of a new plant
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

A plant primarily engaged in the manufacture of injection-molded products

Location Yonezawa, Yamagata Prefecture
Consideration and expenses
Acquisition priceUndetermined (transfer price)
Amount of extraordinary income (loss)Gain or loss on transfer, etc.: Undetermined
Impact on Business Performance

The impact of the transfer of fixed assets has not been included in the consolidated earnings forecast for the fiscal year ending March 2027. The company plans to disclose the transfer price and its impact on the financial results once they have been determined. The impact of constructing the new plant has already been included in the consolidated earnings forecast.

Procedures and assumptions
Management structure after acquisitionThe production functions of the facility will be transferred to the new plant. From the date of settlement of the remaining transfer price for the fixed assets (the date of transfer of ownership) until completion of the new plant, the company plans to enter into a fixed-term building lease agreement under which the seller will be the lessee and the buyer will be the lessor.
This transaction
ItemDetails
Transaction nameTransfer of fixed assets (plant) and construction of a new plant
Business Description of the Subject CompanyA plant primarily engaged in the manufacture of injection-molded products
Location of the Subject CompanyYonezawa, Yamagata Prefecture
Acquisition priceUndetermined (transfer price)
Amount of extraordinary income (loss)Gain or loss on transfer, etc.: Undetermined
Impact on Business PerformanceThe impact of the transfer of fixed assets has not been included in the consolidated earnings forecast for the fiscal year ending March 2027. The company plans to disclose the transfer price and its impact on the financial results once they have been determined. The impact of constructing the new plant has already been included in the consolidated earnings forecast.
Date of board resolution5 June 2026
Contract DateJanuary 2027 (予定)
Execution Date / Effective DateDate of transfer of ownership of the facility: Not disclosed / Start of operations at the new plant: March 2028 (scheduled)
Management structure after acquisitionThe production functions of the facility will be transferred to the new plant. From the date of settlement of the remaining transfer price for the fixed assets (the date of transfer of ownership) until completion of the new plant, the company plans to enter into a fixed-term building lease agreement under which the seller will be the lessee and the buyer will be the lessor.
Items this document does not state (22)
Counterparty nameName 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 amountValuation 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.

The reasons include the aging of the existing plant, potential improvements in productivity and efficiency through the consolidation of dispersed sites, strengthening of business continuity planning, consolidation of plant functions, reinforcement of the supply chain, and expanded use of environmentally friendly plastics. In light of rising raw material prices and construction costs, the company also significantly reduced the scale and budget of its Yonezawa Advanced Factory initiative.

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 the Decision on a Policy for the Disposal of Fixed Assets and the Construction of a New Plant | SAXA,Inc. (6675) timely disclosure | Komori