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M&A and Subsidiary Changes7120SHINKO Inc.Trading & Wholesale

Notice Regarding Borrowing of Funds in Connection with the Acquisition of Shares (Making the Company a Subsidiary)

The Company has decided to borrow ¥600 million from Sumitomo Mitsui Banking Corporation to finance the acquisition of shares in 株式会社TAC and make it a subsidiary. The borrowing is scheduled to be executed on 30 June 2026.

Worth reading
48Recurring
Scored from 3 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
600000
Thousand yen (borrowing amount)
Wording
Conditional
How definitive the wording is.

This transaction

Acquisition of shares in 株式会社TAC (making it a subsidiary)
Disclosing companySHINKO Inc.
株式会社TACSubject of this transaction
Date of board resolution19 June 2026 (borrowing resolution)
Consideration and expenses
Funding arrangementsBorrowing ¥600 million from Sumitomo Mitsui Banking Corporation and applying the funds to the acquisition of shares in 株式会社TAC
Impact on Business Performance

The impact is expected to be immaterial.

This transaction
ItemDetails
Transaction nameAcquisition of shares in 株式会社TAC (making it a subsidiary)
Name of the Subject Company株式会社TAC
Funding arrangementsBorrowing ¥600 million from Sumitomo Mitsui Banking Corporation and applying the funds to the acquisition of shares in 株式会社TAC
Impact on Business PerformanceThe impact is expected to be immaterial.
Date of board resolution19 June 2026 (borrowing resolution)
Items this document does not state (27)
Counterparty nameBusiness Description of the Subject CompanyLocation 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 priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageGoodwill amountAmount of extraordinary income (loss)Contract DateExecution Date / Effective DateValuation 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 finance the acquisition of shares in 株式会社TAC, as announced on 28 May 2026.

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.
Notice Regarding Borrowing of Funds in Connection with the Acquisition of Shares (Making the Company a Subsidiary) | SHINKO Inc. (7120) timely disclosure | Komori