Worth reading
47Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
1164
¥ million (assets of the acquired business)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of the businessCounterpartyName of alliance partner
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
The business operated by DENSO CORPORATION and its subsidiaries, collectively referred to as the DENSO Group, involving the development, manufacturing and sales of HUD products
Location Japan, China, Spain, the United States and Mexico
Net SalesNot disclosed pursuant to the confidentiality agreement between the parties (fiscal year ending March 2026)
Operating profitNot disclosed pursuant to the confidentiality agreement between the parties (fiscal year ending March 2026)
Net income for the current fiscal yearNot disclosed pursuant to the confidentiality agreement between the parties (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceNot disclosed pursuant to the confidentiality agreement between the parties
Type of ConsiderationCash (planned)
Funding arrangementsInternal funds
Impact on Business Performance
Immaterial
Procedures and assumptions
Valuation methodologyCalculated based on the cash flows of the HUD business, taking into account estimates of future earnings and other factors
Conditions Precedent to ExecutionThe conditions precedent to completion of the transaction are satisfied, including clearance by the Japan Fair Trade Commission and the acquisition of other approvals and permits from the relevant authorities and customer consents required under applicable laws and regulations.
Management structure after acquisitionFollowing the acquisition, the business is expected to be operated using the personnel resources of the 日本精機 Group. The acquired production equipment will be transferred sequentially after the necessary arrangements have been made to receive it, and production is expected to be outsourced to the DENSO Group for a certain period to facilitate the transfer. Officers and employees of the DENSO Group, as well as land and buildings, are excluded from the acquisition.
| Item | Details |
|---|---|
| Transaction name | Acquisition of the business |
| Counterparty name | Name of alliance partner |
| Business Description of the Subject Company | The business operated by DENSO CORPORATION and its subsidiaries, collectively referred to as the DENSO Group, involving the development, manufacturing and sales of HUD products |
| Location of the Subject Company | Japan, China, Spain, the United States and Mexico |
| Net Sales of the Subject Company | Not disclosed pursuant to the confidentiality agreement between the parties (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | Not disclosed pursuant to the confidentiality agreement between the parties (fiscal year ending March 2026) |
| Net Income of the Subject Company | Not disclosed pursuant to the confidentiality agreement between the parties (fiscal year ending March 2026) |
| Acquisition price | Not disclosed pursuant to the confidentiality agreement between the parties |
| Type of Consideration | Cash (planned) |
| Funding arrangements | Internal funds |
| Impact on Business Performance | Immaterial |
| Date of board resolution | 28 August 2026 |
| Contract Date | 28 August 2026 |
| Execution Date / Effective Date | 26 February 2027 (予定) |
| Valuation methodology | Calculated based on the cash flows of the HUD business, taking into account estimates of future earnings and other factors |
| Conditions Precedent to Execution | The conditions precedent to completion of the transaction are satisfied, including clearance by the Japan Fair Trade Commission and the acquisition of other approvals and permits from the relevant authorities and customer consents required under applicable laws and regulations. |
| Management structure after acquisition | Following the acquisition, the business is expected to be operated using the personnel resources of the 日本精機 Group. The acquired production equipment will be transferred sequentially after the necessary arrangements have been made to receive it, and production is expected to be outsourced to the DENSO Group for a certain period to facilitate the transfer. Officers and employees of the DENSO Group, as well as land and buildings, are excluded from the acquisition. |
Items this document does not state (15)
Name of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger 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)Independent 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 combine DENSO's HUD development expertise, production capabilities, and technological and business foundations with 日本精機's business platform, thereby optimizing development and production, establishing a stable supply system, enhancing cost competitiveness and proposal capabilities for customers, and expanding sales opportunities.
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.