Worth reading
41Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
60
% (equity interest in the joint venture company)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Name of transactionCounterpartyHitachi Channel Solutions, Corp., Hitachi,Ltd.
Disclosing companyOki Electric Industry Company,Limited
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Development and production of automated equipment, including ATMs
Consideration and expenses
Type of ConsiderationMixed (this absorption-type company split: common shares of the joint venture company; this share acquisition: cash)
Funding arrangementsThe company plans to acquire some of the shares of the joint venture company from Hitachi,Ltd. in exchange for cash. The method of financing is Not disclosed.
Impact on Business Performance
There will be no impact on consolidated results for the fiscal year ending March 2026, while the impact on consolidated results for the fiscal year ending March 2027 is still under review. The company states that it will make a timely announcement once the impact is determined.
Procedures and assumptions
Valuation methodologyThe parties held sincere discussions, taking into comprehensive consideration the earnings performance and future outlook of the business concerned.
Conditions Precedent to ExecutionAll procedures, including filings and other procedures required under competition laws and foreign investment regulations in Japan and other countries or regions, have been completed, and no event has occurred or come to light that would have a material adverse effect on the assets, business, financial condition, operating results, cash flow or other value of the business concerned, among other conditions.
| Item | Details |
|---|---|
| Transaction name | Name of transaction |
| Counterparty name | Hitachi Channel Solutions, Corp., Hitachi,Ltd. |
| Name of the Subject Company | Hitachi Channel Solutions, Corp. |
| Business Description of the Subject Company | Development and production of automated equipment, including ATMs |
| Type of Consideration | Mixed (this absorption-type company split: common shares of the joint venture company; this share acquisition: cash) |
| Voting rights ownership percentage | After 60% (equity interest) (before not disclosed) |
| Funding arrangements | The company plans to acquire some of the shares of the joint venture company from Hitachi,Ltd. in exchange for cash. The method of financing is Not disclosed. |
| Impact on Business Performance | There will be no impact on consolidated results for the fiscal year ending March 2026, while the impact on consolidated results for the fiscal year ending March 2027 is still under review. The company states that it will make a timely announcement once the impact is determined. |
| Date of board resolution | 17 August 2026 |
| Contract Date | 17 August 2026 |
| Execution Date / Effective Date | 1 October 2026 or another date to be separately determined (planned) |
| Valuation methodology | The parties held sincere discussions, taking into comprehensive consideration the earnings performance and future outlook of the business concerned. |
| Conditions Precedent to Execution | All procedures, including filings and other procedures required under competition laws and foreign investment regulations in Japan and other countries or regions, have been completed, and no event has occurred or come to light that would have a material adverse effect on the assets, business, financial condition, operating results, cash flow or other value of the business concerned, among other conditions. |
Items this document does not state (19)
Location 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 CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredGoodwill amountAmount of extraordinary income (loss)Independent 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 companies state that they reached agreement on the share allocation after extensive discussions, taking into comprehensive consideration the earnings performance and future outlook of the business concerned.
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.