Worth reading
75Important
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Additional Acquisition of Shares in an Equity-Method Affiliate and Acquisition of Shares in an Operating Company Resulting in Consolidation as SubsidiariesCounterpartyTKP: Multiple shareholders (names and other details not disclosed), DKM: Individual shareholder (name and other details not disclosed)
Disclosing companyTOKYO KEIKI INC.
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 hydraulic and pneumatic equipment, manufacture and sale of measuring instruments, and other businesses, Manufacture and wholesale and retail sale of navigation and communications equipment, marine equipment and related marine systems
Location SEOUL, KOREA, SEOUL, KOREAShare capital KRW 1,750,000,000, KRW 250,000,000Date of incorporation December 1998, July 1994
Net SalesKRW 51,193 million (fiscal year ended December 2025), KRW 22,786 million (fiscal year ended December 2025)
Operating profitKRW 480 million (fiscal year ended December 2025), KRW 367 million (fiscal year ended December 2025)
Net assetsKRW 34,557 million (fiscal year ended December 2025), KRW 13,864 million (fiscal year ended December 2025)
Consideration and expenses
Acquisition priceTKP: Undisclosed, DKM: Undisclosed
Impact on Business Performance
The impact of this transaction on the Company's consolidated results for the current fiscal year, ending March 2027, is expected to be immaterial because the consolidation period will be limited.
| Item | Details |
|---|---|
| Transaction name | Additional Acquisition of Shares in an Equity-Method Affiliate and Acquisition of Shares in an Operating Company Resulting in Consolidation as Subsidiaries |
| Counterparty name | TKP: Multiple shareholders (names and other details not disclosed), DKM: Individual shareholder (name and other details not disclosed) |
| Name of the Subject Company | TOKIMEC KOREA POWER CONTROL CO.,LTD., DK M-TECH CO.,LTD. |
| Business Description of the Subject Company | Manufacture and sale of hydraulic and pneumatic equipment, manufacture and sale of measuring instruments, and other businesses, Manufacture and wholesale and retail sale of navigation and communications equipment, marine equipment and related marine systems |
| Location of the Subject Company | SEOUL, KOREA, SEOUL, KOREA |
| Capital Stock of the Subject Company | KRW 1,750,000,000, KRW 250,000,000 |
| Date of Establishment of the Subject Company | December 1998, July 1994 |
| Net Sales of the Subject Company | KRW 51,193 million (fiscal year ended December 2025), KRW 22,786 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | KRW 480 million (fiscal year ended December 2025), KRW 367 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | KRW 34,557 million (fiscal year ended December 2025), KRW 13,864 million (fiscal year ended December 2025) |
| Acquisition price | TKP: Undisclosed, DKM: Undisclosed |
| Number of shares acquired | TKP: 96,300 shares (number of voting rights: 96,300), DKM: 34,000 shares (number of voting rights: 34,000) |
| Voting rights ownership percentage | Before TKP：34.48％, DKM：0％ → after TKP：67.69％, DKM：68.0％ |
| Impact on Business Performance | The impact of this transaction on the Company's consolidated results for the current fiscal year, ending March 2027, is expected to be immaterial because the consolidation period will be limited. |
| Date of board resolution | 31 August 2026 |
| Contract Date | September 2026 (予定) |
| Execution Date / Effective Date | October 2026 (scheduled) |
Items this document does not state (15)
Net Income 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 leverage as a group the sales, manufacturing, technology and service platforms that TKP and DKM have established in the South Korean market, thereby expanding existing businesses, developing new business areas, strengthening customer relationships in South Korea, and expanding the group's products and technologies into Asian markets from South Korea.
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