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M&A and Subsidiary Changes6941YAMAICHI ELECTRONICS CO.,LTD.Electrical and Precision Instruments

Notice Regarding the Partial Transfer of Shares in a Consolidated Subsidiary

Yamaichi Electronics will transfer a 15.0% stake in its consolidated subsidiary, 光伸光学工業, to ヴイ・エス・テクノロジー. Following the transfer, Yamaichi Electronics will continue to hold 85.0%, and 光伸光学工業 will remain a consolidated subsidiary.

Worth reading
41Recurring
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
15
Voting rights ownership ratio (transfer ratio)
Wording
Conditional
How definitive the wording is.

This transaction

Partial transfer of shares in a consolidated subsidiary
Counterparty株式会社ヴイ・エス・テクノロジー
Disclosing companyYAMAICHI ELECTRONICS CO.,LTD.
光伸光学工業株式会社Voting rights ownership percentageNumber of shares acquired Number of shares transferred: 32,400 shares (15.0% voting rights ownership ratio)

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

Design, manufacture and sale of optical thin-film filters, optical mirrors and other products

Location Hadano, Kanagawa PrefectureShare capital ¥145,500,000Date of incorporation August 1970
Impact on Business Performance

The impact on consolidated results for the fiscal year ending March 2027 is expected to be immaterial

Procedures and assumptions
Management structure after acquisitionFollowing this share transfer, Yamaichi Electronics will continue to hold 85.0% of the shares in 光伸光学工業 and remain involved in its management as a consolidated subsidiary.
This transaction
ItemDetails
Transaction namePartial transfer of shares in a consolidated subsidiary
Counterparty name株式会社ヴイ・エス・テクノロジー
Name of the Subject Company光伸光学工業株式会社
Business Description of the Subject CompanyDesign, manufacture and sale of optical thin-film filters, optical mirrors and other products
Location of the Subject CompanyHadano, Kanagawa Prefecture
Capital Stock of the Subject Company¥145,500,000
Date of Establishment of the Subject CompanyAugust 1970
Number of shares acquiredNumber of shares transferred: 32,400 shares (15.0% voting rights ownership ratio)
Voting rights ownership percentageBefore 100.0% → after 85.0%
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending March 2027 is expected to be immaterial
Date of board resolution18 September 2026
Contract Date18 September 2026
Execution Date / Effective Date25 September 2026 (予定)
Management structure after acquisitionFollowing this share transfer, Yamaichi Electronics will continue to hold 85.0% of the shares in 光伸光学工業 and remain involved in its management as a consolidated subsidiary.
Items this document does not state (18)
Net 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 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.

To strengthen product development capabilities centered on optical thin-film technology and, through collaboration with ヴイ・エス・テクノロジー, including the capital relationship, strengthen stable supply arrangements, expand sales of existing products, jointly develop new products, and develop new customers, thereby expanding 光伸光学工業’s business base in overseas markets.

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Notice Regarding the Partial Transfer of Shares in a Consolidated Subsidiary | YAMAICHI ELECTRONICS CO.,LTD. (6941) timely disclosure | Komori