Worth reading
51Recurring
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
3098
¥ millionWording
Conditional
How definitive the wording is.This transaction
Disclosing companyKOA CORPORATION
Date of board resolution25 April 2023
Execution Date / Effective DateThe series of relocation procedures has been completed (specific completion date not disclosed)
Target company
Location Taicang, Jiangsu Province, China
Consideration and expenses
Expenses other than the acquisition priceRelocation-related expenses (specific amount not disclosed)
Type of ConsiderationCash (relocation compensation)
Amount of extraordinary income (loss)Extraordinary gain of ¥3,098 million (expected to be recognized in the second quarter (interim period) of the fiscal year ending March 2027)
Impact on Business Performance
An extraordinary gain of ¥3,098 million is expected to be recognized. This has already been incorporated into the consolidated earnings forecast.
Procedures and assumptions
Conditions Precedent to ExecutionRelocation request from the local government
Management structure after acquisitionThe new factory was completed in July 2024 and began shipping in October 2025. Other details regarding the management structure and treatment of employees have not been disclosed.
| Item | Details |
|---|---|
| Name of the Subject Company | 興和電子（太倉）有限公司 |
| Location of the Subject Company | Taicang, Jiangsu Province, China |
| Expenses other than the acquisition price | Relocation-related expenses (specific amount not disclosed) |
| Type of Consideration | Cash (relocation compensation) |
| Amount of extraordinary income (loss) | Extraordinary gain of ¥3,098 million (expected to be recognized in the second quarter (interim period) of the fiscal year ending March 2027) |
| Impact on Business Performance | An extraordinary gain of ¥3,098 million is expected to be recognized. This has already been incorporated into the consolidated earnings forecast. |
| Date of board resolution | 25 April 2023 |
| Execution Date / Effective Date | The series of relocation procedures has been completed (specific completion date not disclosed) |
| Conditions Precedent to Execution | Relocation request from the local government |
| Management structure after acquisition | The new factory was completed in July 2024 and began shipping in October 2025. Other details regarding the management structure and treatment of employees have not been disclosed. |
Items this document does not state (22)
Transaction nameCounterparty nameBusiness Description 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 priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountContract 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 consolidated subsidiary in Taicang, Jiangsu Province, China, received a relocation request from the local government and had entered into an agreement to receive compensation associated with the relocation of its factory. This resulted from the completion of a series of relocation procedures, including the transfer of fixed assets at the former factory and the return of land-use rights.
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.