Komori
M&A and Subsidiary Changes8020KANEMATSU CORPORATIONTrading & Wholesale

Notice Regarding the Expected Recognition of "Gain on Investments Accounted for Using the Equity Method" in Connection with the Sale of Shares Tendered in the Tender Offer and the Impact on Financial Results

Kanematsu Electronics will not tender its shares in the tender offer and plans to sell all of its GSX shares in response to the treasury share acquisition to be conducted by GSX after the tender offer is completed. This sale is expected to increase profit attributable to owners of the parent for the fiscal year ending March 2027 by approximately ¥14.5 billion.

Worth reading
35Immaterial
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
145
¥100 million
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Treasury share acquisition to be conducted by GSX after completion of the tender offer
CounterpartyAccenture
Disclosing companyKANEMATSU CORPORATION
Global Security Experts Inc.Subject of this transactionNumber of shares acquired All GSX shares held by Kanematsu Electronics (number of shares and voting rights: Not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.
Execution Date / Effective DateAfter completion of the tender offer (scheduled)
Impact on Business Performance

Profit attributable to owners of the parent in the company's consolidated results for the fiscal year ending March 2027 is expected to increase by approximately ¥14.5 billion

Procedures and assumptions
Conditions Precedent to ExecutionThe public tender offer is successfully completed at the planned purchase price
This transaction
ItemDetails
Transaction nameTreasury share acquisition to be conducted by GSX after completion of the tender offer
Counterparty nameAccenture
Name of the Subject CompanyGlobal Security Experts Inc.
Number of shares acquiredAll GSX shares held by Kanematsu Electronics (number of shares and voting rights: Not disclosed)
Impact on Business PerformanceProfit attributable to owners of the parent in the company's consolidated results for the fiscal year ending March 2027 is expected to increase by approximately ¥14.5 billion
Date of board resolution27 October 2026
Contract Date30 October 2026
Execution Date / Effective DateAfter completion of the tender offer (scheduled)
Conditions Precedent to ExecutionThe public tender offer is successfully completed at the planned purchase price
Items this document does not state (23)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet 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 periodVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation 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.

After comprehensively reviewing the details and terms of the tender offer and the series of transactions to be conducted after its completion, the company determined that transferring all of its GSX shares would contribute to enhancing corporate value through optimization of the business portfolio and improved capital efficiency.

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.
Notice Regarding the Expected Recognition of "Gain on Investments Accounted for Using the Equity Method" in Connection with the Sale of Shares Tendered in the Tender Offer and the Impact on Financial Results | KANEMATSU CORPORATION (8020) timely disclosure | Komori