Worth reading
44Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.This transaction
This merger (absorption merger)Counterparty (target company)有限会社渡部紙工
Disclosing companySEKI CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Paper processing
Location Iyo, Ehime PrefectureShare capital ¥3 millionDate of incorporation 9 May 1991
Net Sales¥39 million (fiscal year ended March 2026)
Operating profit-¥7 million (fiscal year ended March 2026)
Net income for the current fiscal year-¥4 million (fiscal year ended March 2026)
Net assets¥0.7 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition priceNo shares or other assets or cash will be allotted
Type of ConsiderationNo consideration (no shares or other assets or cash will be allotted)
Impact on Business Performance
The impact on the Company's consolidated results will be immaterial
Procedures and assumptions
Conditions Precedent to ExecutionShareholder approval is not required. The Company will conduct a simplified absorption merger under Article 796, Paragraph 2 of the Companies Act, while 有限会社渡部紙工 will conduct a short-form merger under Article 784, Paragraph 1 of the same Act.
Management structure after acquisitionThere will be no change to the Company's name, location, title or name of its Representative Director and President, business activities, stated capital or fiscal year-end as a result of this merger.
| Item | Details |
|---|---|
| Transaction name | This merger (absorption merger) |
| Counterparty name | 有限会社渡部紙工 |
| Name of the Subject Company | 有限会社渡部紙工 |
| Business Description of the Subject Company | Paper processing |
| Location of the Subject Company | Iyo, Ehime Prefecture |
| Capital Stock of the Subject Company | ¥3 million |
| Date of Establishment of the Subject Company | 9 May 1991 |
| Net Sales of the Subject Company | ¥39 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | -¥7 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | -¥4 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥0.7 million (fiscal year ended March 2026) |
| Acquisition price | No shares or other assets or cash will be allotted |
| Type of Consideration | No consideration (no shares or other assets or cash will be allotted) |
| Voting rights ownership percentage | Before 100% (after not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated results will be immaterial |
| Date of board resolution | 5 November 2026 |
| Contract Date | 5 November 2026 |
| Execution Date / Effective Date | 1 April 2027 (scheduled effective date) |
| Conditions Precedent to Execution | Shareholder approval is not required. The Company will conduct a simplified absorption merger under Article 796, Paragraph 2 of the Companies Act, while 有限会社渡部紙工 will conduct a short-form merger under Article 784, Paragraph 1 of the same Act. |
| Management structure after acquisition | There will be no change to the Company's name, location, title or name of its Representative Director and President, business activities, stated capital or fiscal year-end as a result of this merger. |
Items this document does not state (12)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
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 improve the efficiency of group management.
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.