Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
18.28
Increase in voting rights ownership percentage (percentage points)Wording
Conditional
How definitive the wording is.This transaction
Additional acquisition of shares (conversion into a consolidated subsidiary)Counterparty4 individual shareholders (names and other details undisclosed)
Disclosing companyANRITSU CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Development and sale of evaluation software for mobile networks and devices
Location Rennes, FranceShare capital €170,980Date of incorporation 17 September 2014
Consideration and expenses
Acquisition priceNot disclosed
Impact on Business Performance
We will promptly disclose any information if timely disclosure becomes necessary regarding the impact on financial results for the current fiscal year or subsequent periods.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the procedures required under applicable laws and regulations
Management structure after acquisitionThe target company is scheduled to become our consolidated subsidiary in August 2026. Until closing, the two companies will operate their businesses independently, with each company making its own management and sales decisions.
| Item | Details |
|---|---|
| Transaction name | Additional acquisition of shares (conversion into a consolidated subsidiary) |
| Counterparty name | 4 individual shareholders (names and other details undisclosed) |
| Name of the Subject Company | SmartViser SAS |
| Business Description of the Subject Company | Development and sale of evaluation software for mobile networks and devices |
| Location of the Subject Company | Rennes, France |
| Capital Stock of the Subject Company | €170,980 |
| Date of Establishment of the Subject Company | 17 September 2014 |
| Acquisition price | Not disclosed |
| Number of shares acquired | 31,256 shares (number of voting rights: 31,256) |
| Voting rights ownership percentage | Before 32.72％ → after 51％ |
| Impact on Business Performance | We will promptly disclose any information if timely disclosure becomes necessary regarding the impact on financial results for the current fiscal year or subsequent periods. |
| Date of board resolution | 31 March 2026 |
| Contract Date | 31 March 2026 |
| Execution Date / Effective Date | August 2026 (scheduled) |
| Conditions Precedent to Execution | Completion of the procedures required under applicable laws and regulations |
| Management structure after acquisition | The target company is scheduled to become our consolidated subsidiary in August 2026. Until closing, the two companies will operate their businesses independently, with each company making its own management and sales decisions. |
Items this document does not state (16)
Net 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 periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation 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.By combining SmartViser's technological capabilities in test automation and efficiency improvements with our test solutions in the telecommunications sector, we aim to expand business opportunities in industrial fields such as private networks and automotive-related applications, in addition to the smartphone market.
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