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How definitive the wording is.This transaction
This mergerCounterpartyDX アンテナ株式会社, 日本アンテナ株式会社
Disclosing companyELECOM CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Development and manufacture of various antennas, television reception-related equipment, CATV-related equipment, and communications equipment in general
Location Arakawa-ku, TokyoShare capital ¥4,673 millionDate of incorporation 20 November 1953
Net Sales¥12,443 million (fiscal year ending March 2026)
Operating profit¥2,610 million (fiscal year ending March 2026)
Net income for the current fiscal year¥3,273 million (fiscal year ending March 2026)
Net assets¥16,870 million (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceNo shares or cash will be allocated in connection with this merger.
Type of ConsiderationNo cash or shares allocated
Impact on Business Performance
As this merger will be conducted between wholly owned subsidiaries of the Company, the impact on consolidated results will be immaterial.
Procedures and assumptions
Management structure after acquisitionThe surviving company will be DX アンテナ株式会社. On the effective date of the merger, its corporate name will change from DX アンテナ株式会社 to 日本 DX アンテナ株式会社, and Iwami Koichi (石見 浩一) will serve as Representative Director and President. Treatment of employees: Not disclosed.
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | DX アンテナ株式会社, 日本アンテナ株式会社 |
| Name of the Subject Company | 日本アンテナ株式会社 |
| Business Description of the Subject Company | Development and manufacture of various antennas, television reception-related equipment, CATV-related equipment, and communications equipment in general |
| Location of the Subject Company | Arakawa-ku, Tokyo |
| Capital Stock of the Subject Company | ¥4,673 million |
| Date of Establishment of the Subject Company | 20 November 1953 |
| Net Sales of the Subject Company | ¥12,443 million (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | ¥2,610 million (fiscal year ending March 2026) |
| Net Income of the Subject Company | ¥3,273 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥16,870 million (fiscal year ending March 2026) |
| Acquisition price | No shares or cash will be allocated in connection with this merger. |
| Type of Consideration | No cash or shares allocated |
| Voting rights ownership percentage | Before The Company: 100% (DX アンテナ株式会社 and 日本アンテナ株式会社) (after not disclosed) |
| Impact on Business Performance | As this merger will be conducted between wholly owned subsidiaries of the Company, the impact on consolidated results will be immaterial. |
| Date of board resolution | 22 June 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Management structure after acquisition | The surviving company will be DX アンテナ株式会社. On the effective date of the merger, its corporate name will change from DX アンテナ株式会社 to 日本 DX アンテナ株式会社, and Iwami Koichi (石見 浩一) will serve as Representative Director and President. Treatment of employees: Not disclosed. |
Items this document does not state (14)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent 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.The purpose is to enhance the Group's overall corporate value by consolidating the two companies' management resources and improving operational efficiency.
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