Komori
M&A and Subsidiary Changes6787Meiko Electronics Co.,Ltd.Electrical Equipment and Precision Instruments

Notice Regarding a Capital Increase by a Consolidated Subsidiary and a Change in a Specified Subsidiary

Meiko Electronics Co., Ltd. will make a capital contribution of US$20 million to its wholly owned Vietnamese subsidiary MKQC, increasing its capital to US$30 million. As a result, MKQC will become a specified subsidiary.

Worth reading
46Recurring
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
20
USD million
Wording
Conditional
How definitive the wording is.

This transaction

Capital increase by a consolidated subsidiary
Counterparty (target company)Meiko Electronics Quang Minh Co., Ltd.
Disclosing companyMeiko Electronics Co.,Ltd.
Voting rights ownership percentage

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 printed circuit boards

Location Quang Minh Industrial Park, Hanoi, VietnamShare capital Before the capital increase: US$10 million (¥1,095.6 million); after the capital increase: US$30 millionDate of incorporation 27 November 2019
Net SalesVND 83,455,069 thousand (fiscal year ended March 2026)
Net income for the current fiscal yearVND 11,477,397 thousand (fiscal year ended March 2026)
Net assetsVND 214,090,903 thousand (fiscal year ended March 2026)
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 acquisitionMeiko Electronics Co., Ltd. will hold 100% of the equity. The post-transaction corporate name, representative and treatment of employees have not been disclosed.
This transaction
ItemDetails
Transaction nameCapital increase by a consolidated subsidiary
Counterparty nameMeiko Electronics Quang Minh Co., Ltd.
Name of the Subject CompanyMeiko Electronics Quang Minh Co., Ltd.
Business Description of the Subject CompanyManufacture of printed circuit boards
Location of the Subject CompanyQuang Minh Industrial Park, Hanoi, Vietnam
Capital Stock of the Subject CompanyBefore the capital increase: US$10 million (¥1,095.6 million); after the capital increase: US$30 million
Date of Establishment of the Subject Company27 November 2019
Net Sales of the Subject CompanyVND 83,455,069 thousand (fiscal year ended March 2026)
Net Income of the Subject CompanyVND 11,477,397 thousand (fiscal year ended March 2026)
Net Assets of the Subject CompanyVND 214,090,903 thousand (fiscal year ended March 2026)
Voting rights ownership percentageBefore 100% → after 100%
Impact on Business PerformanceThe impact on the Company's consolidated results for the fiscal year ending March 2027 will be immaterial.
Date of board resolution21 July 2026
Execution Date / Effective Date25 August 2026 (scheduled)
Management structure after acquisitionMeiko Electronics Co., Ltd. will hold 100% of the equity. The post-transaction corporate name, representative and treatment of employees have not been disclosed.
Items this document does not state (17)
Operating Profit 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.

To construct the Quang Minh No. 3 factory as part of the growth investments set out in the medium-term management plan announced in May 2026.

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Notice Regarding a Capital Increase by a Consolidated Subsidiary and a Change in a Specified Subsidiary | Meiko Electronics Co.,Ltd. (6787) timely disclosure | Komori