Worth reading
41Recurring
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
100
Percentage of issued shares acquired (%)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of Gennex Group Shares and Conversion into a SubsidiaryDisclosing companyTAKEBISHI CORPORATION
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
Sale of electronic components and semiconductor components
Location Singapore, Singapore, Singapore, Bayan Lepas, Pulau Pinang, Malaysia, Bangkok, Thailand, Sta. Rosa City, Laguna, Philippines, Las Piñas City, Metro Manila, PhilippinesDate of incorporation Company name GENNEX SINGAPORE PTE. LTD. / Year founded 2007, Company name ACTON TECHNOLOGY PTE. LTD. / Year founded 2008, Company name GENNEX INTERNATIONAL PTE. LTD. / Year founded 2011, Company name GENNEX TECHNOLOGY MALAYSIA SDN. BHD. / Year founded 2013, Company name ACTON TECHNOLOGY (THAILAND) COMPANY LIMITED / Year founded 2015, Company name GENNEX SOLUTIONS PHILS. INC. / Year founded 2000, Company name TSOOMI SYSTEMS PHIL., INCORPORATED / Year founded 2017
Net SalesFiscal year ended December 2025: US$43.1 million (¥6,872 million)
Impact on Business Performance
As Gennex Group's results are expected to be reflected in our consolidated results only in the fourth quarter of the fiscal year ending March 2027, the impact of the acquisition of the shares on our consolidated results for the fiscal year ending March 2027 is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionFollowing organizational restructuring to be carried out under the relevant agreements, certain businesses of Gennex Group are scheduled to be integrated into our group in stages. The treatment of the representative and employees has not been disclosed.
| Item | Details |
|---|---|
| Transaction name | Acquisition of Gennex Group Shares and Conversion into a Subsidiary |
| Name of the Subject Company | GENNEX SINGAPORE PTE. LTD., ACTON TECHNOLOGY PTE. LTD., GENNEX INTERNATIONAL PTE. LTD., GENNEX TECHNOLOGY MALAYSIA SDN. BHD., ACTON TECHNOLOGY (THAILAND) COMPANY LIMITED, GENNEX SOLUTIONS PHILS. INC., TSOOMI SYSTEMS PHIL., INCORPORATED |
| Business Description of the Subject Company | Sale of electronic components and semiconductor components |
| Location of the Subject Company | Singapore, Singapore, Singapore, Bayan Lepas, Pulau Pinang, Malaysia, Bangkok, Thailand, Sta. Rosa City, Laguna, Philippines, Las Piñas City, Metro Manila, Philippines |
| Date of Establishment of the Subject Company | Company name GENNEX SINGAPORE PTE. LTD. / Year founded 2007, Company name ACTON TECHNOLOGY PTE. LTD. / Year founded 2008, Company name GENNEX INTERNATIONAL PTE. LTD. / Year founded 2011, Company name GENNEX TECHNOLOGY MALAYSIA SDN. BHD. / Year founded 2013, Company name ACTON TECHNOLOGY (THAILAND) COMPANY LIMITED / Year founded 2015, Company name GENNEX SOLUTIONS PHILS. INC. / Year founded 2000, Company name TSOOMI SYSTEMS PHIL., INCORPORATED / Year founded 2017 |
| Net Sales of the Subject Company | Fiscal year ended December 2025: US$43.1 million (¥6,872 million) |
| Voting rights ownership percentage | After 100% (issued shares) (before not disclosed) |
| Impact on Business Performance | As Gennex Group's results are expected to be reflected in our consolidated results only in the fourth quarter of the fiscal year ending March 2027, the impact of the acquisition of the shares on our consolidated results for the fiscal year ending March 2027 is expected to be immaterial. |
| Date of board resolution | 28 August 2026 |
| Contract Date | 28 August 2026 |
| Execution Date / Effective Date | October 2026 (scheduled) |
| Management structure after acquisition | Following organizational restructuring to be carried out under the relevant agreements, certain businesses of Gennex Group are scheduled to be integrated into our group in stages. The treatment of the representative and employees has not been disclosed. |
Items this document does not state (20)
Counterparty nameCapital Stock of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding 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.Although Gennex Group operates in business areas common to those of our group, there is limited overlap in the products handled by the two groups, and the transaction is expected to expand sales channels through cross-selling to both groups' customers. We also aim to accelerate the development of our business in overseas markets by mutually leveraging Gennex Group's sales network and our group's bases and customer base in India and the ASEAN region.
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