Worth reading
50Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
This mergerCounterparty (target company)NEC Solution Innovators, Ltd.
Disclosing companyNEC Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Provision of system integration and other services, and software development
Location Koto-ku, TokyoShare capital ¥8,668 millionDate of incorporation 9 September 1975
Net Sales¥328.793 billion (fiscal year ending March 2026)
Operating profit¥5.946 billion (fiscal year ending March 2026)
Net income for the current fiscal year¥4.095 billion (fiscal year ending March 2026; net income attributable to owners of the parent)
Net assets¥102.955 billion (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceNo consideration paid
Type of ConsiderationNo consideration delivered (neither cash nor shares)
Impact on Business Performance
The impact of the merger on the Company's results of operations will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionShareholder approval is not required at either NEC Corporation or NEC Solution Innovators, Ltd. (simplified merger and short-form merger)
Management structure after acquisitionThe merger will not change the Company's name, location, the title or name of its representative, business activities, capital or fiscal year-end. Based on a spirit of equality between the two companies, the Company will promote integration and pursue management efficiency through measures including a review of business processes. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | NEC Solution Innovators, Ltd. |
| Name of the Subject Company | NEC Solution Innovators, Ltd. |
| Business Description of the Subject Company | Provision of system integration and other services, and software development |
| Location of the Subject Company | Koto-ku, Tokyo |
| Capital Stock of the Subject Company | ¥8,668 million |
| Date of Establishment of the Subject Company | 9 September 1975 |
| Net Sales of the Subject Company | ¥328.793 billion (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | ¥5.946 billion (fiscal year ending March 2026) |
| Net Income of the Subject Company | ¥4.095 billion (fiscal year ending March 2026; net income attributable to owners of the parent) |
| Net Assets of the Subject Company | ¥102.955 billion (fiscal year ending March 2026) |
| Acquisition price | No consideration paid |
| Type of Consideration | No consideration delivered (neither cash nor shares) |
| Number of shares acquired | Not applicable (no shares or other consideration will be delivered in connection with the merger) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact of the merger on the Company's results of operations will be immaterial. |
| Contract Date | 1 July 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Conditions Precedent to Execution | Shareholder approval is not required at either NEC Corporation or NEC Solution Innovators, Ltd. (simplified merger and short-form merger) |
| Management structure after acquisition | The merger will not change the Company's name, location, the title or name of its representative, business activities, capital or fiscal year-end. Based on a spirit of equality between the two companies, the Company will promote integration and pursue management efficiency through measures including a review of business processes. Employee treatment: Not disclosed |
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation 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.As part of the NEC Group's business reorganization, the merger will bring together the companies' domain expertise and technical implementation capabilities to improve productivity through the use of AI and standardization of development processes, strengthen service delivery capabilities, optimize resource allocation and improve management efficiency, with the aim of growing the IT services business and achieving the 2030 Medium-Term Management Plan.
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