Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
415
¥ million (total estimate)Wording
Conditional
How definitive the wording is.This transaction
This share acquisitionCounterpartyLUCKLAND CO.,LTD.
Disclosing companySHIKIGAKU.Co.,Ltd.
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
Sales, servicing and maintenance of commercial kitchen equipment, including commercial fryers and cooking-oil filtration systems (filtering machines)
Location Koto-ku, TokyoShare capital ¥100 millionDate of incorporation 10 August 2015
Net Sales¥1,882 million (fiscal year ended December 2025)
Operating profit¥96 million (fiscal year ended December 2025)
Net income for the current fiscal year¥60 million (fiscal year ended December 2025)
Net assets¥452 million (fiscal year ended December 2025)
Consideration and expenses
Acquisition price¥373 million (common shares)
Expenses other than the acquisition priceAdvisory fees (approximate): ¥42 million
Type of ConsiderationCash
Funding arrangementsThe Company plans to fund the acquisition partly with its own funds and partly through borrowings from financial institutions.
Impact on Business Performance
The impact on consolidated results and financial position for the fiscal year ending February 2027 is currently under review. We plan to promptly disclose the amount of the impact once the review has been completed and disclosure becomes possible.
Procedures and assumptions
Valuation methodologyDetermined through discussions between the parties, taking reasonable account of the results of legal and financial due diligence and other factors.
Management structure after acquisitionFollowing the acquisition, the target company will become our consolidated subsidiary. We will carry out PMI to introduce the target company to the "Shikigaku know-how," thoroughly clarifying responsibilities, managing activities based on numerical targets, and delegating authority. The corporate name, representative and treatment of employees: not disclosed
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| Counterparty name | LUCKLAND CO.,LTD. |
| Name of the Subject Company | Mach Kiki Co., Ltd. |
| Business Description of the Subject Company | Sales, servicing and maintenance of commercial kitchen equipment, including commercial fryers and cooking-oil filtration systems (filtering machines) |
| Location of the Subject Company | Koto-ku, Tokyo |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 10 August 2015 |
| Net Sales of the Subject Company | ¥1,882 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | ¥96 million (fiscal year ended December 2025) |
| Net Income of the Subject Company | ¥60 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ¥452 million (fiscal year ended December 2025) |
| Acquisition price | ¥373 million (common shares) |
| Expenses other than the acquisition price | Advisory fees (approximate): ¥42 million |
| Type of Consideration | Cash |
| Number of shares acquired | 2,000 shares (number of voting rights: 2,000) |
| Voting rights ownership percentage | Before 0.0％ → after 100.0％ |
| Funding arrangements | The Company plans to fund the acquisition partly with its own funds and partly through borrowings from financial institutions. |
| Impact on Business Performance | The impact on consolidated results and financial position for the fiscal year ending February 2027 is currently under review. We plan to promptly disclose the amount of the impact once the review has been completed and disclosure becomes possible. |
| Date of board resolution | 2 July 2026 |
| Contract Date | 2 July 2026 |
| Execution Date / Effective Date | 31 July 2026 (scheduled) |
| Valuation methodology | Determined through discussions between the parties, taking reasonable account of the results of legal and financial due diligence and other factors. |
| Management structure after acquisition | Following the acquisition, the target company will become our consolidated subsidiary. We will carry out PMI to introduce the target company to the "Shikigaku know-how," thoroughly clarifying responsibilities, managing activities based on numerical targets, and delegating authority. The corporate name, representative and treatment of employees: not disclosed |
Items this document does not state (9)
Merger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodGoodwill amountAmount of extraordinary income (loss)Independent 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.We position long-term M&A as a growth engine and aim to clarify responsibilities, manage activities based on numerical targets, and delegate authority through post-merger integration (PMI) incorporating the target company's "Shikigaku know-how." This is intended to systematize sales activities and improve productivity. Through these initiatives, we expect to increase recurring revenue and new sales of the core products, thereby enhancing the enterprise value of both the target company and the Group as a whole.
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