Notice Regarding the Acquisition of Goodwill from a Sales Agent by a Consolidated Subsidiary and Change of Corporate Name | NAKANISHI INC. (7716) timely disclosure

Worth reading

67In focus

Scored from 4 of 5 sections

Direction

Improvement

Direction inferred from the company’s description.

Scale

—

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Wording

Conditional

How definitive the wording is.

This transaction

Acquisition of goodwill

CounterpartyTS Dental Sales AB

Disclosing companyNAKANISHI INC.

Subject of this transaction

TimelineThe spacing between the points is proportional to the actual number of days.

Target company

Rights to sell the Company's products in Sweden, and bidding and sales contracts held by TSD

Location Sweden

Impact on Business Performance

The Company believes that the impact of this transaction on consolidated results for the fiscal year ending December 2021 will be immaterial.

Procedures and assumptions

Management structure after acquisitionIn parallel with the acquisition, IDSAB will change its corporate name to NSK Dental Nordic AB, strengthen its operations as a core sales base in the Nordic region, and expand its activities into Norway and Denmark.

This transaction
Item	Details
Transaction name	Acquisition of goodwill
Counterparty name	TS Dental Sales AB
Business Description of the Subject Company	Rights to sell the Company's products in Sweden, and bidding and sales contracts held by TSD
Location of the Subject Company	Sweden
Impact on Business Performance	The Company believes that the impact of this transaction on consolidated results for the fiscal year ending December 2021 will be immaterial.
Contract Date	24 August 2021
Execution Date / Effective Date	1 November 2021 (scheduled)
Management structure after acquisition	In parallel with the acquisition, IDSAB will change its corporate name to NSK Dental Nordic AB, strengthen its operations as a core sales base in the Nordic region, and expand its activities into Norway and Denmark.

Items this document does not state (24)

Name 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 acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation 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.

The purpose is to expand the Company's stagnant market share in Sweden by shifting from sales through a distributor to a direct-sales structure, and to expand sales of implant treatment-related products, preventive dentistry products, high-pressure steam sterilizers and other products in addition to dental treatment handpieces. The Company also plans to expand its activities into Norway and Denmark, using the entity as a core sales base in the Nordic region, to increase awareness of the NSK brand and expand market share.

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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.