Worth reading
55In 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
117
¥ millionWording
Conditional
How definitive the wording is.This transaction
Share transferCounterpartyPEARLCOIN（HONG KONG）LIMITED
Disclosing companyARTNATURE INC.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
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
Wig manufacturing
Location San Pedro, Laguna Province, Republic of the PhilippinesShare capital PHP90 millionDate of incorporation 17 November 1994
Net Sales¥667 million (fiscal year ended December 2025)
Operating profitOperating loss of ¥62 million (fiscal year ended December 2025)
Net income for the current fiscal yearNet loss of ¥42 million (fiscal year ended December 2025)
Net assetsNet assets of ¥265 million (fiscal year ended December 2025)
Consideration and expenses
Acquisition pricePHP46 million (¥117 million)
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 is immaterial. Transactions with ANPI will continue for the time being after the transfer, with a gradual reduction planned.
Procedures and assumptions
Management structure after acquisitionTransactions with ANPI are expected to continue for the time being after the share transfer, with a policy of gradually reducing them going forward. The company name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Share transfer |
| Counterparty name | PEARLCOIN（HONG KONG）LIMITED |
| Name of the Subject Company | ARTNATURE PHILIPPINES INC. |
| Business Description of the Subject Company | Wig manufacturing |
| Location of the Subject Company | San Pedro, Laguna Province, Republic of the Philippines |
| Capital Stock of the Subject Company | PHP90 million |
| Date of Establishment of the Subject Company | 17 November 1994 |
| Net Sales of the Subject Company | ¥667 million (fiscal year ended December 2025) |
| Operating Profit of the Subject Company | Operating loss of ¥62 million (fiscal year ended December 2025) |
| Net Income of the Subject Company | Net loss of ¥42 million (fiscal year ended December 2025) |
| Net Assets of the Subject Company | Net assets of ¥265 million (fiscal year ended December 2025) |
| Acquisition price | PHP46 million (¥117 million) |
| Number of shares acquired | 900,000 shares (number of voting rights: 900,000) |
| Voting rights ownership percentage | Before 100.0% → after 0% |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is immaterial. Transactions with ANPI will continue for the time being after the transfer, with a gradual reduction planned. |
| Date of board resolution | 15 October 2026 |
| Contract Date | 30 November 2026 (予定) |
| Execution Date / Effective Date | 1 December 2026 (scheduled) |
| Management structure after acquisition | Transactions with ANPI are expected to continue for the time being after the share transfer, with a policy of gradually reducing them going forward. The company name, representative and treatment of employees: Not disclosed |
Items this document does not state (13)
Expenses 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 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 company states that, after fundamentally reviewing its production structure following the establishment and commencement of operations at a Bangladesh plant to diversify the risks of concentrating production in the Philippines and increase production capacity in line with business expansion, it decided to transfer ANPI's business.
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