Worth reading
62In focus
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
826
¥ million (estimated amount)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares (making the company a subsidiary)Counterparty江原 直行, 他４名の個人株主, Tokyo Small and Medium Enterprise Investment & Consultation Co., Ltd.
Disclosing companyNIRECO 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.White points represent dates designated as scheduled dates in the document.
Target company
放射線測定機器、合成光学結晶の製造販売ならびに輸出入
Location Fussa, TokyoShare capital ¥30 millionDate of incorporation 1963年９月
Net Sales1,371百万円（2025年３月期）
Operating profit43百万円（2025年３月期）
Net income for the current fiscal year20百万円（2025年３月期）
Net assets948百万円（2025年３月期）
Consideration and expenses
Acquisition price¥822 million
Expenses other than the acquisition price4百万円（概算額）
Impact on Business Performance
2026年３月期の連結業績に与える影響等については、現時点では確定しておりません。新たな業績予想については、応用光研工業を第４四半期会計期間から連結することを前提として、11月13日に予定している2026年３月期第２四半期決算の発表のタイミングを目途に公表する予定です。
Procedures and assumptions
Management structure after acquisition応用光研工業を第４四半期会計期間から連結することを前提。商号、代表者、従業員の処遇はNot disclosed
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (making the company a subsidiary) |
| Counterparty name | 江原 直行, 他４名の個人株主, Tokyo Small and Medium Enterprise Investment & Consultation Co., Ltd. |
| Name of the Subject Company | 応用光研工業株式会社 |
| Business Description of the Subject Company | 放射線測定機器、合成光学結晶の製造販売ならびに輸出入 |
| Location of the Subject Company | Fussa, Tokyo |
| Capital Stock of the Subject Company | ¥30 million |
| Date of Establishment of the Subject Company | 1963年９月 |
| Net Sales of the Subject Company | 1,371百万円（2025年３月期） |
| Operating Profit of the Subject Company | 43百万円（2025年３月期） |
| Net Income of the Subject Company | 20百万円（2025年３月期） |
| Net Assets of the Subject Company | 948百万円（2025年３月期） |
| Acquisition price | ¥822 million |
| Expenses other than the acquisition price | 4百万円（概算額） |
| Number of shares acquired | 60,000株（議決権の数：60,000個） |
| Voting rights ownership percentage | Before 0％ → after 100.0％ |
| Impact on Business Performance | 2026年３月期の連結業績に与える影響等については、現時点では確定しておりません。新たな業績予想については、応用光研工業を第４四半期会計期間から連結することを前提として、11月13日に予定している2026年３月期第２四半期決算の発表のタイミングを目途に公表する予定です。 |
| Date of board resolution | 17 October 2025 |
| Contract Date | 2025年10月20日（予定） |
| Execution Date / Effective Date | 2025年10月30日（予定） |
| Management structure after acquisition | 応用光研工業を第４四半期会計期間から連結することを前提。商号、代表者、従業員の処遇はNot disclosed |
Items this document does not state (12)
Type 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 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.応用光研工業の計測機器や光学結晶の技術と、ニレコの検査機事業・オプティクス事業を組み合わせ、技術・販路・製造などでシナジー効果を生み出し、成長を加速するため。
How to read this page
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