Worth reading
53Recurring
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
1340
¥ millionWording
Conditional
How definitive the wording is.This transaction
Transfer of equity interestDisclosing companyASTI 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
Manufacture of automotive electrical components
Location Nanshe, Zhongguan Town, Deqing County, Huzhou, Zhejiang Province, ChinaShare capital US$9.150 million (¥1,479 million)Date of incorporation 22 December 1994
Net SalesRMB110 million (¥2,482 million), fiscal year ended December 2025
Operating profitRMB▲37 million (¥▲842 million), fiscal year ended December 2025
Net income for the current fiscal yearRMB▲14 million (¥▲317 million), fiscal year ended December 2025
Net assetsRMB58 million (¥1,307 million), fiscal year ended December 2025
Consideration and expenses
Acquisition priceRMB58 million (¥1,340 million)
Impact on Business Performance
The impact of this transfer of equity interests on results for the fiscal year ending March 2027 is expected to be minor. If any impact requiring disclosure arises in the future, the Company will promptly announce it.
Procedures and assumptions
Management structure after acquisitionFour people from the Company currently serve as officers of Zhejiang Company, but are scheduled to resign at the same time as the transfer of equity interests.
| Item | Details |
|---|---|
| Transaction name | Transfer of equity interest |
| Name of the Subject Company | 浙江雅士迪電子有限公司 |
| Business Description of the Subject Company | Manufacture of automotive electrical components |
| Location of the Subject Company | Nanshe, Zhongguan Town, Deqing County, Huzhou, Zhejiang Province, China |
| Capital Stock of the Subject Company | US$9.150 million (¥1,479 million) |
| Date of Establishment of the Subject Company | 22 December 1994 |
| Net Sales of the Subject Company | RMB110 million (¥2,482 million), fiscal year ended December 2025 |
| Operating Profit of the Subject Company | RMB▲37 million (¥▲842 million), fiscal year ended December 2025 |
| Net Income of the Subject Company | RMB▲14 million (¥▲317 million), fiscal year ended December 2025 |
| Net Assets of the Subject Company | RMB58 million (¥1,307 million), fiscal year ended December 2025 |
| Acquisition price | RMB58 million (¥1,340 million) |
| Voting rights ownership percentage | Before 100％ → after 0％ |
| Impact on Business Performance | The impact of this transfer of equity interests on results for the fiscal year ending March 2027 is expected to be minor. If any impact requiring disclosure arises in the future, the Company will promptly announce it. |
| Date of board resolution | 29 June 2026 |
| Contract Date | On or after 29 June 2026 |
| Execution Date / Effective Date | 30 September 2026 (予定) |
| Management structure after acquisition | Four people from the Company currently serve as officers of Zhejiang Company, but are scheduled to resign at the same time as the transfer of equity interests. |
Items this document does not state (15)
Counterparty nameExpenses 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)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.Because Zhejiang Company is facing difficult circumstances due to slowing growth in the Chinese economy and increased competitiveness among Chinese companies, the Company aims to concentrate its management resources on other priority businesses and achieve further growth.
How to read this page
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