Worth reading
57In focus
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
4241
Millions of yenWording
Conditional
How definitive the wording is.This transaction
This share acquisitionCounterparty日建コラボレーションスクエア株式会社
Disclosing companySERENDIP HOLDINGS Co.,Ltd.
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.
Target company
Manufacture and sale of lined steel pipes for water supply and drainage Manufacture and sale of construction equipment parts, primarily products for hydraulic excavator and crane manufacturers
Location Osaka City, Osaka PrefectureShare capital ¥90 millionDate of incorporation 1 December 2021
Net Sales¥9,524 million (fiscal year ending March 2026)
Operating profit¥689 million (fiscal year ending March 2026)
Net income for the current fiscal year¥466 million (fiscal year ending March 2026)
Net assets¥1,721 million (fiscal year ending March 2026)
Consideration and expenses
Acquisition price¥3,941 million for the common shares of 日建産業株式会社
Expenses other than the acquisition priceAdvisory fees and other expenses (estimated amount): ¥300 million
Type of ConsiderationCash (the acquisition price is stated as ¥3,941 million)
Impact on Business Performance
The impact on consolidated full-year results for the fiscal year ending March 2027 is currently under review.
Procedures and assumptions
Management structure after acquisitionThe current representative director and president, Hamaguchi Takehiro (濵口健宏), is expected to remain in position as representative director and president. Mizuta Yuki (水田裕木) from our company is expected to become a director and CFO of 日建産業.
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| Counterparty name | 日建コラボレーションスクエア株式会社 |
| Name of the Subject Company | 日建産業株式会社 |
| Business Description of the Subject Company | Manufacture and sale of lined steel pipes for water supply and drainage Manufacture and sale of construction equipment parts, primarily products for hydraulic excavator and crane manufacturers |
| Location of the Subject Company | Osaka City, Osaka Prefecture |
| Capital Stock of the Subject Company | ¥90 million |
| Date of Establishment of the Subject Company | 1 December 2021 |
| Net Sales of the Subject Company | ¥9,524 million (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | ¥689 million (fiscal year ending March 2026) |
| Net Income of the Subject Company | ¥466 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥1,721 million (fiscal year ending March 2026) |
| Acquisition price | ¥3,941 million for the common shares of 日建産業株式会社 |
| Expenses other than the acquisition price | Advisory fees and other expenses (estimated amount): ¥300 million |
| Type of Consideration | Cash (the acquisition price is stated as ¥3,941 million) |
| Number of shares acquired | 3,000,000 shares (number of voting rights: 3,000,000) |
| Voting rights ownership percentage | Before －％ → after 100.0％ |
| Impact on Business Performance | The impact on consolidated full-year results for the fiscal year ending March 2027 is currently under review. |
| Date of board resolution | 11 June 2026 |
| Contract Date | 11 June 2026 |
| Execution Date / Effective Date | 1 July 2026 (scheduled) |
| Management structure after acquisition | The current representative director and president, Hamaguchi Takehiro (濵口健宏), is expected to remain in position as representative director and president. Mizuta Yuki (水田裕木) from our company is expected to become a director and CFO of 日建産業. |
Items this document does not state (11)
Merger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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 enter the construction equipment sector, which is adjacent to the automotive industry and shares common structural components and processing technologies, thereby expanding our business scope and earnings opportunities. We will also create synergies by leveraging 日建産業’s customer base, supply capacity, procurement network in South Korea, and bases in the Kansai region.
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