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M&A and Subsidiary Changes7743SEED CO.,LTD.Electrical Equipment and Precision Instruments

Notice Regarding the Transfer of Business Between Consolidated Subsidiaries

All business of the Company's consolidated subsidiary SEED EU will change from SEED EU to Woehlk, also a consolidated subsidiary. SEED EU is scheduled to be liquidated after completion of the transfer.

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This transaction

Business Transfers
CounterpartyWoehlk Contactlinsen GmbH
Disclosing companySEED CO.,LTD.
SEED Contact Lens Europe GmbHSubject of this transactionVoting rights ownership percentage Before 当社100%(当事者概要記載) (after not disclosed)
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

コンタクトレンズの輸出入業務、欧州内物流業務、欧州地域営業補助業務、CEマーク欧州代理人業務

Location Schönkirchen, GermanyShare capital €25,000Date of incorporation 2017年1月25日
Impact on Business Performance

本事業譲渡による当社の2024年3月期の通期連結業績に与える影響は軽微なものと見込んでおります。

Procedures and assumptions
Management structure after acquisition事業譲渡完了後、SEED EUを清算する。SEED EUの全ての事業はWoehlkに集約する。
This transaction
ItemDetails
Transaction nameBusiness Transfers
Counterparty nameWoehlk Contactlinsen GmbH
Name of the Subject CompanySEED Contact Lens Europe GmbH
Business Description of the Subject Companyコンタクトレンズの輸出入業務、欧州内物流業務、欧州地域営業補助業務、CEマーク欧州代理人業務
Location of the Subject CompanySchönkirchen, Germany
Capital Stock of the Subject Company€25,000
Date of Establishment of the Subject Company2017年1月25日
Voting rights ownership percentageBefore 当社100%(当事者概要記載) (after not disclosed)
Impact on Business Performance本事業譲渡による当社の2024年3月期の通期連結業績に与える影響は軽微なものと見込んでおります。
Date of board resolution2024年2月7日
Execution Date / Effective Date事業譲渡:2024年3月(予定)、清算完了:2025年3月(予定)
Management structure after acquisition事業譲渡完了後、SEED EUを清算する。SEED EUの全ての事業はWoehlkに集約する。
Items this document does not state (20)
Net 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 acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract 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.

英国及び欧州の事業をWoehlkに集約し、管理負担の軽減、重複する業務・費用の削減による効率化、費用構造の明確化を進め、同地域における将来的な損益改善を図るため。

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Notice Regarding the Transfer of Business Between Consolidated Subsidiaries | SEED CO.,LTD. (7743) timely disclosure | Komori