Worth reading
83Important
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
100
¥100 million (forecast contribution to 日建産業’s consolidated net sales for the fiscal year ending March 2027)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This share acquisitionDisclosing companySERENDIP HOLDINGS Co.,Ltd.
Execution Date / Effective DateThe acquisition of shares was completed on 1 July 2026. 30 September 2026 will be treated as the deemed acquisition date.
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 Nishi-ku, Osaka, Osaka PrefectureDate of incorporation 1 December 2021 (separate materials state “June 1946 (founded March 1939)”)
Net Sales¥9,524 million (fiscal year ended March 2026)
Consideration and expenses
Expenses other than the acquisition priceM&A-related expenses: ¥230 million
Impact on Business Performance
The impact on consolidated results for the full fiscal year ending March 2027 will be disclosed promptly once determined. Separate materials indicate consolidated net sales of ¥10 billion and consolidated operating profit of ¥700 million for 日建産業.
Procedures and assumptions
Management structure after acquisitionHamaguchi Takehiro (濵口健宏) will remain as representative director and president of 日建産業. Onoda Shuzo (小野田修三) was promoted to managing director, while Mizuta Hiroki (水田裕木) was appointed as director and CFO, Takeuchi Aru (竹内在) as director, and Nishiyama Kazuhiko (西山一彦) as corporate auditor, all from our group. Changes to the trade name and employee treatment: not disclosed
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| 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 | Nishi-ku, Osaka, Osaka Prefecture |
| Date of Establishment of the Subject Company | 1 December 2021 (separate materials state “June 1946 (founded March 1939)”) |
| Net Sales of the Subject Company | ¥9,524 million (fiscal year ended March 2026) |
| Expenses other than the acquisition price | M&A-related expenses: ¥230 million |
| Impact on Business Performance | The impact on consolidated results for the full fiscal year ending March 2027 will be disclosed promptly once determined. Separate materials indicate consolidated net sales of ¥10 billion and consolidated operating profit of ¥700 million for 日建産業. |
| Execution Date / Effective Date | The acquisition of shares was completed on 1 July 2026. 30 September 2026 will be treated as the deemed acquisition date. |
| Management structure after acquisition | Hamaguchi Takehiro (濵口健宏) will remain as representative director and president of 日建産業. Onoda Shuzo (小野田修三) was promoted to managing director, while Mizuta Hiroki (水田裕木) was appointed as director and CFO, Takeuchi Aru (竹内在) as director, and Nishiyama Kazuhiko (西山一彦) as corporate auditor, all from our group. Changes to the trade name and employee treatment: not disclosed |
Items this document does not state (22)
Counterparty nameCapital Stock of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition 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)Date of board resolutionContract DateValuation 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 by leveraging the foundation built in the automotive industry, reduce dependence on specific industries and stabilize the earnings base, make mutual use of the customer base, procurement network and operating locations, and improve productivity through higher quality, DX and automation.
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.