Worth reading
71In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
3633
Millions of yen (loss on liquidation of subsidiaries and affiliates; extraordinary loss)Wording
Conditional
How definitive the wording is.This transaction
Share transferCounterpartyVoltaris GmbH (formerly SCUR-Alpha 820 GmbH)
Disclosing companyCOSEL 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.
Execution Date / Effective DateCompleted on 1 September 2026
Consideration and expenses
Amount of extraordinary income (loss)Loss on liquidation of subsidiaries and affiliates of ¥3,633 million (extraordinary loss; fiscal year ended May 2026)
Impact on Business Performance
The impact on our consolidated results for the fiscal year ending May 2027 is currently under review
Procedures and assumptions
Conditions Precedent to ExecutionSatisfaction of the prescribed conditions precedent
Management structure after acquisitionThe target company was excluded from our consolidated subsidiaries. Other details concerning its management structure, corporate name and treatment of employees: not disclosed
| Item | Details |
|---|---|
| Transaction name | Share transfer |
| Counterparty name | Voltaris GmbH (formerly SCUR-Alpha 820 GmbH) |
| Name of the Subject Company | Powerbox International AB |
| Number of shares acquired | All shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | After 0% (before not disclosed) |
| Amount of extraordinary income (loss) | Loss on liquidation of subsidiaries and affiliates of ¥3,633 million (extraordinary loss; fiscal year ended May 2026) |
| Impact on Business Performance | The impact on our consolidated results for the fiscal year ending May 2027 is currently under review |
| Execution Date / Effective Date | Completed on 1 September 2026 |
| Conditions Precedent to Execution | Satisfaction of the prescribed conditions precedent |
| Management structure after acquisition | The target company was excluded from our consolidated subsidiaries. Other details concerning its management structure, corporate name and treatment of employees: not disclosed |
Items this document does not state (22)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet 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 periodFunding arrangementsGoodwill amountDate of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial Committee
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.The company states that it completed the share transfer because the prescribed conditions precedent to the transfer had been satisfied. The impact on consolidated results for the fiscal year ending May 2027 is currently under review.
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.