Worth reading
51Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
150
¥ million (capital)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Establishment of an agricultural subsidiaryCounterpartyKajiya Kosuke (梶屋 厚介), Ashikaga Bank, Ltd.
Disclosing companyMebuki Financial Group,Inc.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
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
Production, processing or sale of agricultural products
Location Utsunomiya, Tochigi PrefectureShare capital ¥150 millionDate of incorporation Late October 2026 (予定)
Consideration and expenses
Funding arrangementsCapital contributions by Kajiya Kosuke (梶屋 厚介) (51%) and The Ashikaga Bank, Ltd. (49%)
Impact on Business Performance
The impact on the Company's consolidated and non-consolidated results for the fiscal year ending March 2027 is expected to be minor.
Procedures and assumptions
Conditions Precedent to ExecutionObtaining approval from the relevant authorities for a company contributing to the advancement of non-banking businesses and other matters
Management structure after acquisitionThe corporate name will be 株式会社パスカルファーム. The representative will be Representative Director Kajiya Kosuke (梶屋 厚介). The shareholders and voting rights ratios will be Kajiya Kosuke (梶屋 厚介), 51%, and The Ashikaga Bank, Ltd., 49%. Employee treatment: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Establishment of an agricultural subsidiary |
| Counterparty name | Kajiya Kosuke (梶屋 厚介), Ashikaga Bank, Ltd. |
| Name of the Subject Company | 株式会社パスカルファーム |
| Business Description of the Subject Company | Production, processing or sale of agricultural products |
| Location of the Subject Company | Utsunomiya, Tochigi Prefecture |
| Capital Stock of the Subject Company | ¥150 million |
| Date of Establishment of the Subject Company | Late October 2026 (予定) |
| Voting rights ownership percentage | After Kajiya Kosuke (梶屋 厚介): 51%; The Ashikaga Bank, Ltd.: 49% (before not disclosed) |
| Funding arrangements | Capital contributions by Kajiya Kosuke (梶屋 厚介) (51%) and The Ashikaga Bank, Ltd. (49%) |
| Impact on Business Performance | The impact on the Company's consolidated and non-consolidated results for the fiscal year ending March 2027 is expected to be minor. |
| Date of board resolution | 31 August 2026 |
| Execution Date / Effective Date | Late October 2026 (予定). Operations are scheduled to commence in late December 2026 (予定) |
| Conditions Precedent to Execution | Obtaining approval from the relevant authorities for a company contributing to the advancement of non-banking businesses and other matters |
| Management structure after acquisition | The corporate name will be 株式会社パスカルファーム. The representative will be Representative Director Kajiya Kosuke (梶屋 厚介). The shareholders and voting rights ratios will be Kajiya Kosuke (梶屋 厚介), 51%, and The Ashikaga Bank, Ltd., 49%. Employee treatment: Not disclosed |
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 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 acquiredGoodwill amountAmount of extraordinary income (loss)Contract 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 Group states that it will enter the agricultural business directly and contribute to the sustainable growth of local communities in response to challenges emerging in agricultural areas of Ibaraki and Tochigi prefectures, including the aging of farmers, sluggish growth in the number of new farmers, and an increase in abandoned farmland.
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