Worth reading
44Recurring
Scored from 1 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
963
¥ million (expected)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Disposal of Fixed AssetsTimelineThe spacing between the points is proportional to the actual number of days.
Execution Date / Effective DateAgreement effective date: Undetermined; property handover date: Undetermined. These dates are expected to be determined once approval is obtained from the relevant local authorities.
Target company
Manufacture and sale of architectural coatings and coating materials
Location Changshu, Jiangsu ProvinceShare capital 62 million yuan (¥1,149 million)Date of incorporation May 2017
Consideration and expenses
Acquisition price41 million yuan (¥963 million) (expected)
Amount of extraordinary income (loss)The amount of the extraordinary gain has not yet been determined and is expected to be recognized in the fiscal year ending March 2027.
Impact on Business Performance
The impact on tax calculations, including the gain on the sale of the fixed assets and tax-effect accounting, has not yet been determined. The Company plans to promptly disclose the expected amount once it becomes available.
Procedures and assumptions
Conditions Precedent to ExecutionApproval from the relevant local authorities
| Item | Details |
|---|---|
| Transaction name | Disposal of Fixed Assets |
| Business Description of the Subject Company | Manufacture and sale of architectural coatings and coating materials |
| Location of the Subject Company | Changshu, Jiangsu Province |
| Capital Stock of the Subject Company | 62 million yuan (¥1,149 million) |
| Date of Establishment of the Subject Company | May 2017 |
| Acquisition price | 41 million yuan (¥963 million) (expected) |
| Amount of extraordinary income (loss) | The amount of the extraordinary gain has not yet been determined and is expected to be recognized in the fiscal year ending March 2027. |
| Impact on Business Performance | The impact on tax calculations, including the gain on the sale of the fixed assets and tax-effect accounting, has not yet been determined. The Company plans to promptly disclose the expected amount once it becomes available. |
| Date of board resolution | 10 June 2026 |
| Contract Date | 11 June 2026 |
| Execution Date / Effective Date | Agreement effective date: Undetermined; property handover date: Undetermined. These dates are expected to be determined once approval is obtained from the relevant local authorities. |
| Conditions Precedent to Execution | Approval from the relevant local authorities |
Items this document does not state (20)
Counterparty nameName of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses 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 amountValuation methodologyIndependent valuation institutionSpecial CommitteeManagement 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 improve the Company’s financial position in light of the impact of business developments and uncertainty in market conditions.
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.