Worth reading
58In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
9198
¥ millionWording
Conditional
How definitive the wording is.This transaction
Share transferCounterpartyKITZ CORPORATION
Disclosing companyKanadevia 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
Development and manufacture of industrial special-purpose valves, and manufacture of rupture discs
Location Shinagawa Ward, TokyoShare capital ¥443 millionDate of incorporation 7 May 1949
Net Sales¥9,820 million (fiscal year ended March 2025)
Operating profit¥395 million (fiscal year ended March 2025)
Net income for the current fiscal year¥363 million (fiscal year ended March 2025)
Net assets¥3,270 million (fiscal year ended March 2025)
Consideration and expenses
Acquisition price¥9,198 million (transfer price)
Type of ConsiderationCash
Amount of extraordinary income (loss)Gain on sale of shares in an affiliate of approximately ¥7.3 billion, expected to be recorded as extraordinary income in the first quarter of the fiscal year ending March 2027
Impact on Business Performance
In the separate financial statements, a gain on sale of shares in an affiliate of approximately ¥7.3 billion is expected to be recorded as extraordinary income. The impact on consolidated results is currently under review.
| Item | Details |
|---|---|
| Transaction name | Share transfer |
| Counterparty name | KITZ CORPORATION |
| Name of the Subject Company | 株式会社ブイテックス |
| Business Description of the Subject Company | Development and manufacture of industrial special-purpose valves, and manufacture of rupture discs |
| Location of the Subject Company | Shinagawa Ward, Tokyo |
| Capital Stock of the Subject Company | ¥443 million |
| Date of Establishment of the Subject Company | 7 May 1949 |
| Net Sales of the Subject Company | ¥9,820 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | ¥395 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥363 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥3,270 million (fiscal year ended March 2025) |
| Acquisition price | ¥9,198 million (transfer price) |
| Type of Consideration | Cash |
| Number of shares acquired | 886,400 shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 100％ → after ０％ |
| Amount of extraordinary income (loss) | Gain on sale of shares in an affiliate of approximately ¥7.3 billion, expected to be recorded as extraordinary income in the first quarter of the fiscal year ending March 2027 |
| Impact on Business Performance | In the separate financial statements, a gain on sale of shares in an affiliate of approximately ¥7.3 billion is expected to be recorded as extraordinary income. The impact on consolidated results is currently under review. |
| Date of board resolution | 26 March 2026 |
| Contract Date | 26 March 2026 |
| Execution Date / Effective Date | 1 June 2026 (予定) |
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountValuation 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.As part of its portfolio management, カナデビア is pursuing a strategy of focusing on selected businesses. It determined that KITZ CORPORATION, Japan's leading valve company, is best positioned to support 株式会社ブイテックス's continued growth, strengthen its operating structure and enhance its technological development capabilities over the long term.
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