Worth reading
28Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Change of corporate name and addition of business purposeDisclosing companyF-TECH INC.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Business involving the sale, import, export and wholesale of automotive parts in the Republic of India, primarily steel-sheet automotive undercarriage components
Location Republic of IndiaShare capital INR 600,000 (approximately ¥1 million)
Impact on Business Performance
The impact on the Company's consolidated results is expected to be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionApproval at a shareholders’ meeting of F-TECH AUTOMOTIVE COMPONENTS PRIVATE LIMITED
Management structure after acquisitionThe new corporate name will be F-TECH R&D INDIA PRIVATE LIMITED. The representative director will be Minobe Yoshinori (美濃部吉典). Preparations are planned to proceed toward the full-scale commencement of development operations in January 2028.
| Item | Details |
|---|---|
| Transaction name | Change of corporate name and addition of business purpose |
| Name of the Subject Company | F-TECH AUTOMOTIVE COMPONENTS PRIVATE LIMITED |
| Business Description of the Subject Company | Business involving the sale, import, export and wholesale of automotive parts in the Republic of India, primarily steel-sheet automotive undercarriage components |
| Location of the Subject Company | Republic of India |
| Capital Stock of the Subject Company | INR 600,000 (approximately ¥1 million) |
| Impact on Business Performance | The impact on the Company's consolidated results is expected to be immaterial. |
| Date of board resolution | 27 August 2026 |
| Execution Date / Effective Date | 1 October 2026 (scheduled; implementation is planned following approval at a shareholders’ meeting of F-TECH AUTOMOTIVE COMPONENTS PRIVATE LIMITED) |
| Conditions Precedent to Execution | Approval at a shareholders’ meeting of F-TECH AUTOMOTIVE COMPONENTS PRIVATE LIMITED |
| Management structure after acquisition | The new corporate name will be F-TECH R&D INDIA PRIVATE LIMITED. The representative director will be Minobe Yoshinori (美濃部吉典). Preparations are planned to proceed toward the full-scale commencement of development operations in January 2028. |
Items this document does not state (22)
Counterparty nameDate 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 percentageFunding arrangementsGoodwill 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.To strengthen the Group’s business foundation in the Indian market, build relationships with the local development divisions of Japanese automotive manufacturers, strengthen sales capabilities to secure development outsourcing projects at an early stage, and establish a development structure that meets local needs.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.