Worth reading
49Recurring
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
22800
SharesWording
Conditional
How definitive the wording is.This transaction
Acquisition of shares (making the company a subsidiary)CounterpartyFukuda Kumiko (福田久美子), Fukuda Shinichi (福田愼一)
Disclosing companySPK CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Sales of automotive parts and accessories
Location Chuo-ku, Sapporo, HokkaidoShare capital ¥12 millionDate of incorporation March 1957
Net Sales¥3,781 million (fiscal year ended January 2026)
Operating profit¥181 million (fiscal year ended January 2026)
Net income for the current fiscal year¥167 million (fiscal year ended January 2026)
Net assets¥3,763 million (fiscal year ended January 2026)
Consideration and expenses
Acquisition priceThe acquisition price will not be disclosed because a confidentiality agreement has been entered into with the counterparties.
Impact on Business Performance
The impact of this share acquisition on the Company's consolidated results for the fiscal year ending March 2027 is currently expected to be immaterial.
Procedures and assumptions
Valuation methodologyThe price has been appropriately determined based on the results of due diligence conducted by a third party.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (making the company a subsidiary) |
| Counterparty name | Fukuda Kumiko (福田久美子), Fukuda Shinichi (福田愼一) |
| Name of the Subject Company | 福田部品株式会社 |
| Business Description of the Subject Company | Sales of automotive parts and accessories |
| Location of the Subject Company | Chuo-ku, Sapporo, Hokkaido |
| Capital Stock of the Subject Company | ¥12 million |
| Date of Establishment of the Subject Company | March 1957 |
| Net Sales of the Subject Company | ¥3,781 million (fiscal year ended January 2026) |
| Operating Profit of the Subject Company | ¥181 million (fiscal year ended January 2026) |
| Net Income of the Subject Company | ¥167 million (fiscal year ended January 2026) |
| Net Assets of the Subject Company | ¥3,763 million (fiscal year ended January 2026) |
| Acquisition price | The acquisition price will not be disclosed because a confidentiality agreement has been entered into with the counterparties. |
| Number of shares acquired | 22,800 shares (22,800 voting rights) |
| Voting rights ownership percentage | Before 5.00％ → after 100％ |
| Impact on Business Performance | The impact of this share acquisition on the Company's consolidated results for the fiscal year ending March 2027 is currently expected to be immaterial. |
| Date of board resolution | 27 August 2026 |
| Contract Date | 28 August 2026 (scheduled) |
| Execution Date / Effective Date | 1 October 2026 (scheduled) |
| Valuation methodology | The price has been appropriately determined based on the results of due diligence conducted by a third party. |
Items this document does not state (13)
Expenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Independent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition
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.The transaction is intended to create synergies, including expanding the range of products handled and broadening the Group's business areas, by combining 福田部品's customer base and locally focused sales and delivery structure with the SPK Group's global sales network and procurement capabilities, thereby strengthening the Group's competitiveness and enhancing corporate value.
How to read this page
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