Worth reading
64In focus
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
240
¥ million (gain on transfer and extraordinary gain)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Transfer of the fixed assets concernedCounterparty株式会社レダグループホールディングス
Disclosing companyLedax Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Funding arrangementsThe proceeds from the transfer are planned to be allocated to growth investments, including the joint venture with Freedom Holding Corp., the SuperX project and M&A. The method of financing the acquisition is Not disclosed
Amount of extraordinary income (loss)The Company expects to recognize an approximately ¥240 million gain on the sale of fixed assets as an extraordinary gain in its consolidated financial results for the fiscal year ending March 2026
Impact on Business Performance
The Company expects to recognize an approximately ¥240 million extraordinary gain in the fiscal year ending March 2026. The impact on the consolidated earnings forecast is currently under review
Procedures and assumptions
Valuation methodologyThree valuation methods, including official valuation and the income capitalization approach, were used in combination. The latest real estate appraisal report for nearby land prepared by a real estate appraiser was adopted as the reference price, with factors specific to the property concerned reflected in the valuation
Independent valuation institution株式会社SESプロジェクト
Special CommitteeNo establishment of a special committee is mentioned. The matter was referred to 2 independent outside directors with no conflicts of interest, and their opinions were obtained
Management structure after acquisitionAfter the transfer, the Company will enter into a fixed-term business land leasehold agreement with the transferee, lease the land and sublease it to its consolidated subsidiary 株式会社カーチス for use as a sales outlet and service facility. Information on the trade name, representative and employee treatment is Not disclosed
| Item | Details |
|---|---|
| Transaction name | Transfer of the fixed assets concerned |
| Counterparty name | 株式会社レダグループホールディングス |
| Voting rights ownership percentage | Before 54.91% (the parent company’s ownership of voting rights in the Company) (after not disclosed) |
| Funding arrangements | The proceeds from the transfer are planned to be allocated to growth investments, including the joint venture with Freedom Holding Corp., the SuperX project and M&A. The method of financing the acquisition is Not disclosed |
| Amount of extraordinary income (loss) | The Company expects to recognize an approximately ¥240 million gain on the sale of fixed assets as an extraordinary gain in its consolidated financial results for the fiscal year ending March 2026 |
| Impact on Business Performance | The Company expects to recognize an approximately ¥240 million extraordinary gain in the fiscal year ending March 2026. The impact on the consolidated earnings forecast is currently under review |
| Date of board resolution | 18 March 2026 |
| Contract Date | 18 March 2026 |
| Execution Date / Effective Date | 30 March 2026 (scheduled) |
| Valuation methodology | Three valuation methods, including official valuation and the income capitalization approach, were used in combination. The latest real estate appraisal report for nearby land prepared by a real estate appraiser was adopted as the reference price, with factors specific to the property concerned reflected in the valuation |
| Independent valuation institution | 株式会社SESプロジェクト |
| Special Committee | No establishment of a special committee is mentioned. The matter was referred to 2 independent outside directors with no conflicts of interest, and their opinions were obtained |
| Management structure after acquisition | After the transfer, the Company will enter into a fixed-term business land leasehold agreement with the transferee, lease the land and sublease it to its consolidated subsidiary 株式会社カーチス for use as a sales outlet and service facility. Information on the trade name, representative and employee treatment is Not disclosed |
Items this document does not state (19)
Name of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales 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 acquiredGoodwill amountConditions 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.The purpose is to optimize asset ownership across the group and improve capital efficiency and financial strength. The Company plans to allocate the proceeds from the transfer to growth investments, including the joint venture with Freedom Holding Corp., the SuperX project and future M&A.
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.