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How definitive the wording is.This transaction
Liquidation of DMEDisclosing companyDAIDO METAL CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Sales of bearings and other products
Location Ilminster, Somerset, UKShare capital £3.613 millionDate of incorporation 10 January 2006
Net Sales£2.119 million (fiscal year ended December 2025)
Operating profit£120 thousand (fiscal year ended December 2025)
Net income for the current fiscal year▲£217 thousand (fiscal year ended December 2025)
Net assets▲£5.337 million (fiscal year ended December 2025)
Consideration and expenses
Amount of extraordinary income (loss)A reduction in the corporate tax burden related to DME's excess liabilities recorded in prior years is expected, but the amount of the impact and the loss associated with the liquidation are currently under review.
Impact on Business Performance
Although a reduction in the corporate tax burden related to DME's excess liabilities recorded in prior years is expected, the amount of the impact and the loss associated with the liquidation are currently under review.
Procedures and assumptions
Conditions Precedent to ExecutionThe necessary liquidation procedures under local law
Management structure after acquisitionThe North America sales function remaining at DME will be transferred to Daido Metal U.S.A. Inc., and DME will be liquidated after ceasing operations. The trade name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Liquidation of DME |
| Name of the Subject Company | Daido Metal Europe Ltd. |
| Business Description of the Subject Company | Sales of bearings and other products |
| Location of the Subject Company | Ilminster, Somerset, UK |
| Capital Stock of the Subject Company | £3.613 million |
| Date of Establishment of the Subject Company | 10 January 2006 |
| Net Sales of the Subject Company | £2.119 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | £120 thousand (fiscal year ended December 2025) |
| Net Income of the Subject Company | ▲£217 thousand (fiscal year ended December 2025) |
| Net Assets of the Subject Company | ▲£5.337 million (fiscal year ended December 2025) |
| Voting rights ownership percentage | Before 100％ (after not disclosed) |
| Amount of extraordinary income (loss) | A reduction in the corporate tax burden related to DME's excess liabilities recorded in prior years is expected, but the amount of the impact and the loss associated with the liquidation are currently under review. |
| Impact on Business Performance | Although a reduction in the corporate tax burden related to DME's excess liabilities recorded in prior years is expected, the amount of the impact and the loss associated with the liquidation are currently under review. |
| Date of board resolution | 25 September 2026 |
| Execution Date / Effective Date | DME is scheduled to cease operations on 31 December 2026. The necessary liquidation procedures under local law will then be initiated, and the liquidation is scheduled to be completed once those procedures are completed. |
| Conditions Precedent to Execution | The necessary liquidation procedures under local law |
| Management structure after acquisition | The North America sales function remaining at DME will be transferred to Daido Metal U.S.A. Inc., and DME will be liquidated after ceasing operations. The trade name, representative and treatment of employees: Not disclosed |
Items this document does not state (15)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountContract 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.Following the consolidation of its European sales functions at DMEG, DME now retains only functions such as sales to North America. These functions will therefore be transferred to Daido Metal U.S.A. Inc. The Company expects this to expand growth areas, optimise the allocation of group management resources and improve operating efficiency.
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