Worth reading
70In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
501
¥100 million (total acquisition price)Wording
Conditional
How definitive the wording is.This transaction
This share acquisitionCounterpartyBCPE Advance Cayman, L.P., 株式会社エイティアイシーホールディングス
Disclosing companyKANEMATSU CORPORATION
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
株式会社BCJ-61 1. Controlling and managing the business activities of companies by owning their shares or equity interests 2. All business activities incidental or related to the preceding item / 株式会社BCJ-62 1. Controlling and managing the business activities of companies by owning their shares or equity interests 2. All business activities incidental or related to the preceding item / 株式会社IDAJ Sales and technical support for MBD and CAE products; various consulting services related to digital engineering; MBD and CAE systems integration / 株式会社アイ・ディー・クロスリンク Model-based development support services and related technical training services; development of digital twin environments using VR/AR/MR visualization technologies; provision of glass-mold CAE solutions / リアルコネクト株式会社 Sales and import/export of goods in Japan and overseas; manufacturing, sales and import/export of general merchandise; planning, operation and implementation of information processing systems
Location 株式会社BCJ-61 Chiyoda-ku, Tokyo / 株式会社BCJ-62 Chiyoda-ku, Tokyo / 株式会社IDAJ Nishi-ku, Yokohama, Kanagawa / 株式会社アイ・ディー・クロスリンク Nishi-ku, Yokohama, Kanagawa / リアルコネクト株式会社 Naha, Okinawa PrefectureShare capital 株式会社BCJ-61 ¥100 million / 株式会社BCJ-62 ¥100 million / 株式会社IDAJ ¥100 million / 株式会社アイ・ディー・クロスリンク ¥10 million / リアルコネクト株式会社 ¥9 millionDate of incorporation 株式会社BCJ-61 14 February 2023 / 株式会社BCJ-62 14 February 2023 / 株式会社IDAJ 1 October 1994 / 株式会社アイ・ディー・クロスリンク 1 July 2011 / リアルコネクト株式会社 16 March 2020
Net Sales株式会社IDAJ ¥14,408 million (fiscal year ended September 2025) / 株式会社アイ・ディー・クロスリンク ¥258 million (fiscal year ended September 2025) / リアルコネクト株式会社 ¥18 million (fiscal year ended September 2025) / 株式会社BCJ-61 Not disclosed / 株式会社BCJ-62 Not disclosed
Operating profit株式会社IDAJ ¥2,778 million (fiscal year ended September 2025) / 株式会社アイ・ディー・クロスリンク (¥72 million) (fiscal year ended September 2025) / リアルコネクト株式会社 (¥7 million) (fiscal year ended September 2025) / 株式会社BCJ-61 Not disclosed / 株式会社BCJ-62 Not disclosed
Net income for the current fiscal year株式会社IDAJ ¥2,034 million (fiscal year ended September 2025) / 株式会社アイ・ディー・クロスリンク (¥62 million) (fiscal year ended September 2025) / リアルコネクト株式会社 ¥2 million (fiscal year ended September 2025) / 株式会社BCJ-61 Not disclosed / 株式会社BCJ-62 Not disclosed
Net assets株式会社IDAJ ¥8,991 million (fiscal year ended September 2025) / 株式会社アイ・ディー・クロスリンク (¥298 million) (fiscal year ended September 2025) / リアルコネクト株式会社 (¥9 million) (fiscal year ended September 2025) / 株式会社BCJ-61 Not disclosed / 株式会社BCJ-62 Not disclosed
Consideration and expenses
Acquisition priceTotal acquisition price for BCJ-61, BCJ-62, IDAJ, IDxL and RC: ¥50.1 billion. Equity value: ¥39.0 billion. The final transfer price will be determined at closing after the price adjustment specified in the share transfer agreement.
Expenses other than the acquisition priceAdvisory fees and other expenses (estimated): ¥360 million
Impact on Business Performance
The impact of this share acquisition on consolidated results for the current fiscal year is expected to be immaterial.
Procedures and assumptions
Valuation methodologyDue diligence and equity valuation conducted by external experts
Conditions Precedent to ExecutionObtaining the approvals and permits of the relevant authorities and satisfying the other conditions precedent specified in the agreement
| Item | Details |
|---|---|
| Transaction name | This share acquisition |
| Counterparty name | BCPE Advance Cayman, L.P., 株式会社エイティアイシーホールディングス |
| Name of the Subject Company | 株式会社BCJ-61, 株式会社BCJ-62, 株式会社IDAJ, 株式会社アイ・ディー・クロスリンク, リアルコネクト株式会社 |
| Business Description of the Subject Company | 株式会社BCJ-61 1. Controlling and managing the business activities of companies by owning their shares or equity interests 2. All business activities incidental or related to the preceding item / 株式会社BCJ-62 1. Controlling and managing the business activities of companies by owning their shares or equity interests 2. All business activities incidental or related to the preceding item / 株式会社IDAJ Sales and technical support for MBD and CAE products; various consulting services related to digital engineering; MBD and CAE systems integration / 株式会社アイ・ディー・クロスリンク Model-based development support services and related technical training services; development of digital twin environments using VR/AR/MR visualization technologies; provision of glass-mold CAE solutions / リアルコネクト株式会社 Sales and import/export of goods in Japan and overseas; manufacturing, sales and import/export of general merchandise; planning, operation and implementation of information processing systems |
| Location of the Subject Company | 株式会社BCJ-61 Chiyoda-ku, Tokyo / 株式会社BCJ-62 Chiyoda-ku, Tokyo / 株式会社IDAJ Nishi-ku, Yokohama, Kanagawa / 株式会社アイ・ディー・クロスリンク Nishi-ku, Yokohama, Kanagawa / リアルコネクト株式会社 Naha, Okinawa Prefecture |
| Capital Stock of the Subject Company | 株式会社BCJ-61 ¥100 million / 株式会社BCJ-62 ¥100 million / 株式会社IDAJ ¥100 million / 株式会社アイ・ディー・クロスリンク ¥10 million / リアルコネクト株式会社 ¥9 million |
| Date of Establishment of the Subject Company | 株式会社BCJ-61 14 February 2023 / 株式会社BCJ-62 14 February 2023 / 株式会社IDAJ 1 October 1994 / 株式会社アイ・ディー・クロスリンク 1 July 2011 / リアルコネクト株式会社 16 March 2020 |
| Net Sales of the Subject Company | 株式会社IDAJ ¥14,408 million (fiscal year ended September 2025) / 株式会社アイ・ディー・クロスリンク ¥258 million (fiscal year ended September 2025) / リアルコネクト株式会社 ¥18 million (fiscal year ended September 2025) / 株式会社BCJ-61 Not disclosed / 株式会社BCJ-62 Not disclosed |
| Operating Profit of the Subject Company | 株式会社IDAJ ¥2,778 million (fiscal year ended September 2025) / 株式会社アイ・ディー・クロスリンク (¥72 million) (fiscal year ended September 2025) / リアルコネクト株式会社 (¥7 million) (fiscal year ended September 2025) / 株式会社BCJ-61 Not disclosed / 株式会社BCJ-62 Not disclosed |
| Net Income of the Subject Company | 株式会社IDAJ ¥2,034 million (fiscal year ended September 2025) / 株式会社アイ・ディー・クロスリンク (¥62 million) (fiscal year ended September 2025) / リアルコネクト株式会社 ¥2 million (fiscal year ended September 2025) / 株式会社BCJ-61 Not disclosed / 株式会社BCJ-62 Not disclosed |
| Net Assets of the Subject Company | 株式会社IDAJ ¥8,991 million (fiscal year ended September 2025) / 株式会社アイ・ディー・クロスリンク (¥298 million) (fiscal year ended September 2025) / リアルコネクト株式会社 (¥9 million) (fiscal year ended September 2025) / 株式会社BCJ-61 Not disclosed / 株式会社BCJ-62 Not disclosed |
| Acquisition price | Total acquisition price for BCJ-61, BCJ-62, IDAJ, IDxL and RC: ¥50.1 billion. Equity value: ¥39.0 billion. The final transfer price will be determined at closing after the price adjustment specified in the share transfer agreement. |
| Expenses other than the acquisition price | Advisory fees and other expenses (estimated): ¥360 million |
| Number of shares acquired | 52,177 shares (number of voting rights: 38,060) |
| Voting rights ownership percentage | Before 0％ → after 100％ |
| Impact on Business Performance | The impact of this share acquisition on consolidated results for the current fiscal year is expected to be immaterial. |
| Date of board resolution | 10 July 2026 |
| Contract Date | 18 September 2026 |
| Execution Date / Effective Date | 1 October 2026 (予定) |
| Valuation methodology | Due diligence and equity valuation conducted by external experts |
| Conditions Precedent to Execution | Obtaining the approvals and permits of the relevant authorities and satisfying the other conditions precedent specified in the agreement |
Items this document does not state (11)
Type of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Independent 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 expand the business into upstream processes in manufacturing, including design, development and analysis, and establish a structure that provides integrated support from design through manufacturing. The company plans to leverage IDAJ's MBD and CAE capabilities, specialized personnel, software and customer base to pursue joint proposals, cross-selling and expansion into growth areas.
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.