Komori
M&A and Subsidiary Changes6706DKK Co.,Ltd.Electrical Equipment and Precision Instruments

(Progress Update on Previously Disclosed Matter) Notice of Completion of Transfer of Fixed Assets and Recognition of Extraordinary Gain

The transfer procedures for land in Fujimino, Saitama Prefecture, have been completed, and approximately ¥1.7 billion in gain on the sale of fixed assets is expected to be recognized as an extraordinary gain in the first quarter of the fiscal year ending March 2027.

Worth reading
37Immaterial
Scored from 4 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
17
Hundreds of millions of yen
Wording
Conditional
How definitive the wording is.

This transaction

Disposal of Fixed Assets
CounterpartyDomestic business corporation, undisclosed due to confidentiality obligations
Disclosing companyDKK Co.,Ltd.
Subject of this transaction
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Acquisition priceNot disclosed due to confidentiality obligations with the transferee
Amount of extraordinary income (loss)Gain on sale of fixed assets: approximately ¥1.7 billion, to be recognized as an extraordinary gain in the consolidated accounting period for the first quarter of the fiscal year ending March 2027
Impact on Business Performance

The Company expects to recognize approximately ¥1.7 billion in gain on the sale of fixed assets as an extraordinary gain in the consolidated accounting period for the first quarter of the fiscal year ending March 2027. This has already been incorporated into the consolidated earnings forecasts for the full fiscal year ending March 2027.

Procedures and assumptions
Valuation methodologyFair price reflecting market prices
This transaction
ItemDetails
Transaction nameDisposal of Fixed Assets
Counterparty nameDomestic business corporation, undisclosed due to confidentiality obligations
Acquisition priceNot disclosed due to confidentiality obligations with the transferee
Amount of extraordinary income (loss)Gain on sale of fixed assets: approximately ¥1.7 billion, to be recognized as an extraordinary gain in the consolidated accounting period for the first quarter of the fiscal year ending March 2027
Impact on Business PerformanceThe Company expects to recognize approximately ¥1.7 billion in gain on the sale of fixed assets as an extraordinary gain in the consolidated accounting period for the first quarter of the fiscal year ending March 2027. This has already been incorporated into the consolidated earnings forecasts for the full fiscal year ending March 2027.
Date of board resolution22 March 2024
Contract Date28 March 2024
Execution Date / Effective Date11 June 2026 (date of vacating the property and completion of the transfer procedures)
Valuation methodologyFair price reflecting market prices
Items this document does not state (23)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation 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 amountIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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.

To make effective use of management resources and strengthen the Company's financial position.

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.
(Progress Update on Previously Disclosed Matter) Notice of Completion of Transfer of Fixed Assets and Recognition of Extraordinary Gain | DKK Co.,Ltd. (6706) timely disclosure | Komori