Worth reading
49Recurring
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
5433
¥ million (total assets to be transferred, as of 31 May 2026)Wording
Conditional
How definitive the wording is.This transaction
Name of transactionCounterpartyエヌエスアドバンテック株式会社
Disclosing companyNIPPON SEIKI CO.,LTD.
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
Manufacturing functions for instruments, electrical equipment, watches and related components for automobiles, agricultural machinery, ships and industrial machinery, among others, as well as manufacturing functions for sensors and sensor systems
Net Salesエヌエスアドバンテック株式会社 (succeeding company): ¥30,305 million for the fiscal year ended March 2026
Operating profitエヌエスアドバンテック株式会社 (succeeding company): ¥49 million for the fiscal year ended March 2026
Net income for the current fiscal yearエヌエスアドバンテック株式会社 (succeeding company): ¥138 million for the fiscal year ended March 2026
Net assetsエヌエスアドバンテック株式会社 (succeeding company): ¥9,789 million for the fiscal year ended March 2026
Consideration and expenses
Acquisition priceNo shares or other assets will be allocated in connection with this absorption-type company split.
Type of ConsiderationNo consideration (no shares or other assets will be allocated in connection with this absorption-type company split)
Impact on Business Performance
The impact on the Company's consolidated results will be minor.
Procedures and assumptions
Conditions Precedent to ExecutionAs we satisfy the requirements for a simplified absorption-type company split under Article 784, Paragraph 2 of the Companies Act, the transaction will be carried out without obtaining approval from a shareholders meeting.
Management structure after acquisitionOn the effective date, the corporate name is scheduled to change from エヌエスアドバンテック株式会社 to "ＮＳイースト株式会社." The representative will be Representative Director and President Kayano Toru (茅野 徹). Employment contracts and other rights and obligations relating to the business concerned are scheduled to be transferred within the scope stipulated in the absorption-type company split agreement.
| Item | Details |
|---|---|
| Transaction name | Name of transaction |
| Counterparty name | エヌエスアドバンテック株式会社 |
| Business Description of the Subject Company | Manufacturing functions for instruments, electrical equipment, watches and related components for automobiles, agricultural machinery, ships and industrial machinery, among others, as well as manufacturing functions for sensors and sensor systems |
| Net Sales of the Subject Company | エヌエスアドバンテック株式会社 (succeeding company): ¥30,305 million for the fiscal year ended March 2026 |
| Operating Profit of the Subject Company | エヌエスアドバンテック株式会社 (succeeding company): ¥49 million for the fiscal year ended March 2026 |
| Net Income of the Subject Company | エヌエスアドバンテック株式会社 (succeeding company): ¥138 million for the fiscal year ended March 2026 |
| Net Assets of the Subject Company | エヌエスアドバンテック株式会社 (succeeding company): ¥9,789 million for the fiscal year ended March 2026 |
| Acquisition price | No shares or other assets will be allocated in connection with this absorption-type company split. |
| Type of Consideration | No consideration (no shares or other assets will be allocated in connection with this absorption-type company split) |
| Number of shares acquired | No shares acquired (no shares or other assets will be allocated in connection with this absorption-type company split) |
| Voting rights ownership percentage | Before 100.00% (as of 31 March 2026) → after Wholly owned subsidiary (no voting rights ownership percentage stated) |
| Impact on Business Performance | The impact on the Company's consolidated results will be minor. |
| Date of board resolution | 1 July 2026 |
| Contract Date | 1 July 2026 |
| Execution Date / Effective Date | 1 October 2026 (予定) |
| Conditions Precedent to Execution | As we satisfy the requirements for a simplified absorption-type company split under Article 784, Paragraph 2 of the Companies Act, the transaction will be carried out without obtaining approval from a shareholders meeting. |
| Management structure after acquisition | On the effective date, the corporate name is scheduled to change from エヌエスアドバンテック株式会社 to "ＮＳイースト株式会社." The representative will be Representative Director and President Kayano Toru (茅野 徹). Employment contracts and other rights and obligations relating to the business concerned are scheduled to be transferred within the scope stipulated in the absorption-type company split agreement. |
Items this document does not state (15)
Name of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation 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 clarify the division of responsibilities between headquarters and manufacturing functions, strengthen manufacturing functions and improve productivity. We also aim to respond to changes in the external environment and strengthen the competitiveness of the Group as a whole.
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.