Worth reading
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How definitive the wording is.This transaction
This business integrationCounterpartyHitachi,Ltd.
Disclosing companyOki Electric Industry Company,Limited
Execution Date / Effective Date2026-10-01 (scheduled launch)
Target company
Planning, development, manufacturing and sale of automated equipment products and solutions, including ATMs, as well as services including operation and monitoring (予定)
Location Shinagawa Ward, TokyoShare capital Not yet determined as of the present date.
Procedures and assumptions
Conditions Precedent to ExecutionAll procedures under competition laws in Japan and other countries or regions, including notification procedures and the obtaining of clearances, as well as notification and other procedures under foreign investment regulations, have been completed, and no event has occurred or been discovered that has a material adverse effect on the assets, business, financial condition, operating results, cash flows or other value of the businesses subject to the integration of the two companies, among other conditions.
Management structure after acquisitionThe corporate name will be OHチャネルイノベーションズ株式会社 (予定). The Representative Director, President and Executive Officer will be Nakatsu Shotaro (中津正太郎) (予定), and the Representative Director, Executive Vice President and Executive Officer will be Nobata Toshiaki (野畑利彰) (予定). Treatment of other employees: not disclosed.
| Item | Details |
|---|---|
| Transaction name | This business integration |
| Counterparty name | Hitachi,Ltd. |
| Name of the Subject Company | OHチャネルイノベーションズ株式会社 (予定) |
| Business Description of the Subject Company | Planning, development, manufacturing and sale of automated equipment products and solutions, including ATMs, as well as services including operation and monitoring (予定) |
| Location of the Subject Company | Shinagawa Ward, Tokyo |
| Capital Stock of the Subject Company | Not yet determined as of the present date. |
| Execution Date / Effective Date | 2026-10-01 (scheduled launch) |
| Conditions Precedent to Execution | All procedures under competition laws in Japan and other countries or regions, including notification procedures and the obtaining of clearances, as well as notification and other procedures under foreign investment regulations, have been completed, and no event has occurred or been discovered that has a material adverse effect on the assets, business, financial condition, operating results, cash flows or other value of the businesses subject to the integration of the two companies, among other conditions. |
| Management structure after acquisition | The corporate name will be OHチャネルイノベーションズ株式会社 (予定). The Representative Director, President and Executive Officer will be Nakatsu Shotaro (中津正太郎) (予定), and the Representative Director, Executive Vice President and Executive Officer will be Nobata Toshiaki (野畑利彰) (予定). Treatment of other employees: not disclosed. |
Items this document does not state (23)
Date 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 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)Impact on Business PerformanceDate of board resolutionContract DateValuation 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.To integrate the two companies’ automated equipment businesses, including ATMs, and establish a joint venture responsible for planning, developing, manufacturing, selling and servicing products and solutions for these businesses.
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