Worth reading
49Recurring
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
241.1
USD millionWording
Conditional
How definitive the wording is.This transaction
This share acquisitionDisclosing companyTDK 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
Manufacture of lithium-ion rechargeable batteries
Location Kuala Lumpur Wilayah PersekutuanShare capital US$240 millionDate of incorporation 19 December 2024
Net SalesUS$178,030 (fiscal year ending March 2026)
Operating profit−US$22,683,357 (fiscal year ending March 2026)
Net income for the current fiscal year−US$22,673,334 (fiscal year ending March 2026)
Net assetsUS$217,309,692 (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceUS$240 million
Expenses other than the acquisition priceAdvisory fees and other expenses (estimated): US$1.1 million
Impact on Business Performance
If any matter requiring disclosure arises concerning the impact of this share acquisition on our consolidated results, we will promptly announce it.
Procedures and assumptions
Valuation methodologyNecessary due diligence was conducted through a third-party valuation institution
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| Name of the Subject Company | Linergy Power Sdn Bhd |
| Business Description of the Subject Company | Manufacture of lithium-ion rechargeable batteries |
| Location of the Subject Company | Kuala Lumpur Wilayah Persekutuan |
| Capital Stock of the Subject Company | US$240 million |
| Date of Establishment of the Subject Company | 19 December 2024 |
| Net Sales of the Subject Company | US$178,030 (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | −US$22,683,357 (fiscal year ending March 2026) |
| Net Income of the Subject Company | −US$22,673,334 (fiscal year ending March 2026) |
| Net Assets of the Subject Company | US$217,309,692 (fiscal year ending March 2026) |
| Acquisition price | US$240 million |
| Expenses other than the acquisition price | Advisory fees and other expenses (estimated): US$1.1 million |
| Number of shares acquired | 1,017,605,244 shares (number of voting rights: 1,017,605,244) |
| Voting rights ownership percentage | Before 0％ → after 100％ |
| Impact on Business Performance | If any matter requiring disclosure arises concerning the impact of this share acquisition on our consolidated results, we will promptly announce it. |
| Date of board resolution | 19 May 2026 |
| Contract Date | 19 May 2026 |
| Execution Date / Effective Date | 15 June 2026 (scheduled) |
| Valuation methodology | Necessary due diligence was conducted through a third-party valuation institution |
Items this document does not state (13)
Counterparty nameType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Independent 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 build a supply structure for the medium-sized rechargeable battery business that can flexibly address the diverse needs of global customers, enhance customer confidence, and accelerate the growth of the business and the realization of "TDK Transformation."
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.