Worth reading
54Recurring
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
388
¥ million (estimated value of transferred assets)Wording
Conditional
How definitive the wording is.This transaction
This business integration / this absorption-type company splitCounterpartyHitachi,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.
Execution Date / Effective Date1 October 2026 (completed)
Target company
Planning, development, manufacture, sales, operation and monitoring, and other services for automated equipment products and solutions, including ATMs
Location Shinagawa Ward, TokyoShare capital ¥8.6 billion
Consideration and expenses
Acquisition priceNot disclosed due to confidentiality obligations.
Type of ConsiderationMixed (shares were allotted as consideration for the absorption-type company split; the acquisition of shares from Hitachi,Ltd. is understood to have been for cash consideration, but the acquisition price is not disclosed)
Impact on Business Performance
Regarding the impact of this business integration on our consolidated results for the fiscal year ending March 2027, we will promptly announce any matters that require disclosure if they arise.
Procedures and assumptions
Valuation methodologyComprehensive consideration of earnings performance and future prospects, followed by discussions between the two companies
Management structure after acquisitionCorporate name changed to OH Channel Innovations Co., Ltd. Representative Director, President and Executive Officer: Nakatsu Shotaro (中津 正太郎); Representative Director, Executive Vice President and Executive Officer: Nobata Toshiaki (野畑 利彰). Joint venture owned 60% by our company and 40% by Hitachi,Ltd. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This business integration / this absorption-type company split |
| Counterparty name | Hitachi,Ltd. |
| Name of the Subject Company | OH Channel Innovations Co., Ltd. (former corporate name: Hitachi Channel Solutions, Ltd.) |
| Business Description of the Subject Company | Planning, development, manufacture, sales, operation and monitoring, and other services for automated equipment products and solutions, including ATMs |
| Location of the Subject Company | Shinagawa Ward, Tokyo |
| Capital Stock of the Subject Company | ¥8.6 billion |
| Acquisition price | Not disclosed due to confidentiality obligations. |
| Type of Consideration | Mixed (shares were allotted as consideration for the absorption-type company split; the acquisition of shares from Hitachi,Ltd. is understood to have been for cash consideration, but the acquisition price is not disclosed) |
| Number of shares acquired | 120,000 shares (number of voting rights: 120,000) |
| Voting rights ownership percentage | Before 0％ → after 60％ |
| Impact on Business Performance | Regarding the impact of this business integration on our consolidated results for the fiscal year ending March 2027, we will promptly announce any matters that require disclosure if they arise. |
| Execution Date / Effective Date | 1 October 2026 (completed) |
| Valuation methodology | Comprehensive consideration of earnings performance and future prospects, followed by discussions between the two companies |
| Management structure after acquisition | Corporate name changed to OH Channel Innovations Co., Ltd. Representative Director, President and Executive Officer: Nakatsu Shotaro (中津 正太郎); Representative Director, Executive Vice President and Executive Officer: Nobata Toshiaki (野畑 利彰). Joint venture owned 60% by our company and 40% by Hitachi,Ltd. Employee treatment: Not disclosed |
Items this document does not state (18)
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 CompanyExpenses 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 resolutionContract DateIndependent 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.To integrate the automated equipment business, including ATMs, and launch a joint venture owned by both companies. The acquisition price was determined through discussions between the two companies, taking comprehensive account of earnings performance and future prospects.
How to read this page
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