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M&A and Subsidiary Changes6986FUTABA CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding the Acquisition of Shares in 炎重工株式会社 (Making It a Subsidiary)

Futaba Corporation will acquire 4,388 shares of 炎重工株式会社 for ¥698 million, making it a subsidiary with an ownership interest of 91.9%. The share transfer is scheduled to be completed on 30 October 2026.

Worth reading
46Recurring
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Direction
Improvement
Direction inferred from the company’s description.
Scale
698
¥ million
Wording
Conditional
How definitive the wording is.

This transaction

Acquisition of shares (making the company a subsidiary)
Counterparty株式会社雉
Disclosing companyFUTABA CORPORATION
炎重工株式会社Voting rights ownership percentageNumber of shares acquired 4,388 shares; number of voting rights: Not disclosed

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

Planning, development, manufacture, sales and maintenance of water-surface drones, unmanned vessels, amphibious drones and other products

Location Takizawa, Iwate PrefectureShare capital ¥114 millionDate of incorporation 25 February 2016
Consideration and expenses
Acquisition price¥698 million (including estimated transaction-related expenses and other costs)
Impact on Business Performance

The impact of this share acquisition on the consolidated results of the Company will be immaterial.

This transaction
ItemDetails
Transaction nameAcquisition of shares (making the company a subsidiary)
Counterparty name株式会社雉
Name of the Subject Company炎重工株式会社
Business Description of the Subject CompanyPlanning, development, manufacture, sales and maintenance of water-surface drones, unmanned vessels, amphibious drones and other products
Location of the Subject CompanyTakizawa, Iwate Prefecture
Capital Stock of the Subject Company¥114 million
Date of Establishment of the Subject Company25 February 2016
Acquisition price¥698 million (including estimated transaction-related expenses and other costs)
Number of shares acquired4,388 shares; number of voting rights: Not disclosed
Voting rights ownership percentageBefore 0% → after 91.9%
Impact on Business PerformanceThe impact of this share acquisition on the consolidated results of the Company will be immaterial.
Date of board resolution23 October 2026
Contract Date23 October 2026
Execution Date / Effective Date30 October 2026 (scheduled)
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 CompanyExpenses 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 ExecutionManagement structure after acquisition

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 combine Futaba Corporation's UAV-related technologies with 炎重工株式会社's USV-related technologies and expand the scope of its robotics solutions business. The transaction is also expected to expand its customer base in the defense, municipal government and infrastructure sectors and generate various synergies.

How to read this page

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Notice Regarding the Acquisition of Shares in 炎重工株式会社 (Making It a Subsidiary) | FUTABA CORPORATION (6986) timely disclosure | Komori