Worth reading
35Immaterial
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
50
US$ million (capital)Wording
Conditional
How definitive the wording is.This transaction
Establishment of SubsidiariesDisclosing companyMeiko Electronics Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Manufacture of printed circuit boards
Location An Binh Quang Industrial Park, Phu Tho Province, VietnamShare capital USD 50 millionDate of incorporation 25 April 2026 (scheduled)
Impact on Business Performance
The impact on the Company's consolidated results for the fiscal year ending March 2027 will be immaterial.
Procedures and assumptions
Management structure after acquisitionEstablished as MEIKO ELECTRONICS YEN QUANG CO., LTD. The General Director is Dobashi Akito (土橋昭人). The Company will hold 100% of the shares. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Establishment of Subsidiaries |
| Name of the Subject Company | MEIKO ELECTRONICS YEN QUANG CO., LTD. |
| Business Description of the Subject Company | Manufacture of printed circuit boards |
| Location of the Subject Company | An Binh Quang Industrial Park, Phu Tho Province, Vietnam |
| Capital Stock of the Subject Company | USD 50 million |
| Date of Establishment of the Subject Company | 25 April 2026 (scheduled) |
| Voting rights ownership percentage | After 100％ (before not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated results for the fiscal year ending March 2027 will be immaterial. |
| Date of board resolution | 8 April 2026 |
| Execution Date / Effective Date | 25 April 2026 (scheduled) |
| Management structure after acquisition | Established as MEIKO ELECTRONICS YEN QUANG CO., LTD. The General Director is Dobashi Akito (土橋昭人). The Company will hold 100% of the shares. Employee treatment: Not disclosed |
Items this document does not state (21)
Counterparty nameNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger 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.As demand from customers building supply chains in the ASEAN region is expected to exceed the production capacity of the Company's existing plants and the plant currently under construction, the Company will establish a new company and construct a new plant.
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