Worth reading
56In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This management integration (joint share transfer)Counterparty (target company)HASHIMOTO SOGYO HOLDINGS CO.,LTD., AINAVO HOLDINGS Co.,Ltd.
Disclosing companyHASHIMOTO SOGYO HOLDINGS CO.,LTD.
Execution Date / Effective DateThe effective date of the business integration and other specific dates are currently being coordinated and will be disclosed separately once determined.
Target company
Holding company (wholesale of plumbing and equipment materials, residential equipment and related products), Holding company (sales and construction of interior and exterior building materials, residential equipment and related products)
Location 14-7 Nihombashi Kodenmacho, Chuo-ku, Tokyo, 4th Floor, Tokyo Nissan Taito Building, 2-6-6 Motoasakusa, Taito-ku, TokyoShare capital ¥542 million (as of 31 March 2025), ¥896 million (as of 30 September 2025)Date of incorporation 15 March 1938, 3 March 1955
Net Sales¥165,339 million (fiscal year ended March 2025), ¥92,272 million (fiscal year ended September 2025)
Operating profit¥2,444 million (fiscal year ended March 2025), ¥2,531 million (fiscal year ended September 2025)
Net income for the current fiscal year¥2.890 million (fiscal year ended March 2025), ¥1,679 million (fiscal year ended September 2025)
Net assets¥32,317 million (fiscal year ended March 2025), ¥26,298 million (fiscal year ended September 2025)
Consideration and expenses
Type of ConsiderationShares (joint share transfer)
Merger ratio/share exchange ratioIntegration ratio: undetermined
Tender offer priceNot applicable (no tender offer is currently contemplated)
Minimum number of shares to be purchasedNot applicable (no tender offer is currently contemplated)
Tender offer periodNot applicable (no tender offer is currently contemplated)
Impact on Business Performance
The impact of this matter on the current fiscal year's results has not yet been determined.
Procedures and assumptions
Management structure after acquisitionFollowing the integration, the companies aim to generate synergies in sales, distribution, products and management while continuing to respect the distinct characteristics and brands of their respective businesses. The joint holding company is expected to be listed on the Tokyo Stock Exchange, while both companies are expected to be delisted.
| Item | Details |
|---|---|
| Transaction name | This management integration (joint share transfer) |
| Counterparty name | HASHIMOTO SOGYO HOLDINGS CO.,LTD., AINAVO HOLDINGS Co.,Ltd. |
| Name of the Subject Company | HASHIMOTO SOGYO HOLDINGS CO.,LTD., AINAVO HOLDINGS Co.,Ltd. |
| Business Description of the Subject Company | Holding company (wholesale of plumbing and equipment materials, residential equipment and related products), Holding company (sales and construction of interior and exterior building materials, residential equipment and related products) |
| Location of the Subject Company | 14-7 Nihombashi Kodenmacho, Chuo-ku, Tokyo, 4th Floor, Tokyo Nissan Taito Building, 2-6-6 Motoasakusa, Taito-ku, Tokyo |
| Capital Stock of the Subject Company | ¥542 million (as of 31 March 2025), ¥896 million (as of 30 September 2025) |
| Date of Establishment of the Subject Company | 15 March 1938, 3 March 1955 |
| Net Sales of the Subject Company | ¥165,339 million (fiscal year ended March 2025), ¥92,272 million (fiscal year ended September 2025) |
| Operating Profit of the Subject Company | ¥2,444 million (fiscal year ended March 2025), ¥2,531 million (fiscal year ended September 2025) |
| Net Income of the Subject Company | ¥2.890 million (fiscal year ended March 2025), ¥1,679 million (fiscal year ended September 2025) |
| Net Assets of the Subject Company | ¥32,317 million (fiscal year ended March 2025), ¥26,298 million (fiscal year ended September 2025) |
| Type of Consideration | Shares (joint share transfer) |
| Merger ratio/share exchange ratio | Integration ratio: undetermined |
| Tender offer price | Not applicable (no tender offer is currently contemplated) |
| Minimum number of shares to be purchased | Not applicable (no tender offer is currently contemplated) |
| Tender offer period | Not applicable (no tender offer is currently contemplated) |
| Impact on Business Performance | The impact of this matter on the current fiscal year's results has not yet been determined. |
| Execution Date / Effective Date | The effective date of the business integration and other specific dates are currently being coordinated and will be disclosed separately once determined. |
| Management structure after acquisition | Following the integration, the companies aim to generate synergies in sales, distribution, products and management while continuing to respect the distinct characteristics and brands of their respective businesses. The joint holding company is expected to be listed on the Tokyo Stock Exchange, while both companies are expected to be delisted. |
Items this document does not state (13)
Acquisition priceExpenses other than the acquisition priceNumber 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.In the housing-related industry, the number of new housing starts is declining and the shortage of skilled workers is becoming more acute, while the market is also expected to contract in the future as a result of population decline. At the same time, demand for renovation and renewal and needs related to environmental measures and energy efficiency are expanding. The companies aim to combine their respective strengths in the distribution of piping materials and equipment and in sales and construction functions in the interior, exterior and residential equipment fields, thereby enhancing the complementary relationship between their products and sales channels and their overall competitiveness in residential environment infrastructure.
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.