Worth reading
46Recurring
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
15
Acquisition price as a percentage of net assets (less than 15%)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares (acquisition of a subsidiary)CounterpartyNiida Tsutau (新井田傳), 3 individuals
Disclosing companyKOURAKUEN 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.White points represent dates designated as scheduled dates in the document.
Target company
Manufacture and sale of alcoholic beverages
Location Aizuwakamatsu, Fukushima PrefectureShare capital ¥30 millionDate of incorporation 11 April 2016
Net Sales¥351 million (fiscal year ended June 2026)
Consideration and expenses
Acquisition priceNot disclosed pursuant to a confidentiality agreement with the counterparty.
Impact on Business Performance
The impact of this transaction on results for the fiscal year ending March 2027 is expected to be immaterial. If it becomes clear that the transaction will have a material impact on results, we will promptly make an announcement.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (acquisition of a subsidiary) |
| Counterparty name | Niida Tsutau (新井田傳), 3 individuals |
| Name of the Subject Company | 花春酒造株式会社 |
| Business Description of the Subject Company | Manufacture and sale of alcoholic beverages |
| Location of the Subject Company | Aizuwakamatsu, Fukushima Prefecture |
| Capital Stock of the Subject Company | ¥30 million |
| Date of Establishment of the Subject Company | 11 April 2016 |
| Net Sales of the Subject Company | ¥351 million (fiscal year ended June 2026) |
| Acquisition price | Not disclosed pursuant to a confidentiality agreement with the counterparty. |
| Number of shares acquired | 3,000 shares (number of voting rights: 3,000) |
| Voting rights ownership percentage | Before 0％ → after 100％ |
| Impact on Business Performance | The impact of this transaction on results for the fiscal year ending March 2027 is expected to be immaterial. If it becomes clear that the transaction will have a material impact on results, we will promptly make an announcement. |
| Date of board resolution | 24 September 2026 |
| Contract Date | 24 September 2026 |
| Execution Date / Effective Date | 30 October 2026 (予定) |
Items this document does not state (17)
Operating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses 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)Valuation methodologyIndependent 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.To position 花春酒造 as an important element of the product strategy for alcoholic beverages at locations opened in front of train stations, and to accelerate the growth strategy through synergies from making it a subsidiary.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.