Worth reading
60In focus
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
24000
SharesWording
Conditional
How definitive the wording is.This transaction
Acquisition of All Shares of 株式会社小川真功商店 and Its Conversion into a Wholly Owned SubsidiaryCounterpartyOgawa Masakatsu (小川正勝), Kamata Motoko (鎌田元子), 9 other family shareholders
Disclosing companyCANOX 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.
Target company
Wholesale and processing of metal materials
Location 4-3-25 Ogimachi, Miyagino-ku, Sendai, MiyagiShare capital ¥12 millionDate of incorporation 16 September 1954
Net assets¥400 million
Consideration and expenses
Acquisition priceIn light of the counterparty's wishes, the acquisition price will not be disclosed.
Impact on Business Performance
The impact of this transaction on the Company's results is immaterial. If any matters requiring disclosure arise in the future, including revisions to the earnings forecast, the Company will disclose them promptly.
Procedures and assumptions
Valuation methodologyDetermined following discussions between the parties, based on the results of due diligence and the share valuation conducted by a third-party institution, among other factors
| Item | Details |
|---|---|
| Transaction name | Acquisition of All Shares of 株式会社小川真功商店 and Its Conversion into a Wholly Owned Subsidiary |
| Counterparty name | Ogawa Masakatsu (小川正勝), Kamata Motoko (鎌田元子), 9 other family shareholders |
| Name of the Subject Company | 株式会社小川真功商店 |
| Business Description of the Subject Company | Wholesale and processing of metal materials |
| Location of the Subject Company | 4-3-25 Ogimachi, Miyagino-ku, Sendai, Miyagi |
| Capital Stock of the Subject Company | ¥12 million |
| Date of Establishment of the Subject Company | 16 September 1954 |
| Net Assets of the Subject Company | ¥400 million |
| Acquisition price | In light of the counterparty's wishes, the acquisition price will not be disclosed. |
| Number of shares acquired | 24,000 shares (number of voting rights: 24,000) |
| Voting rights ownership percentage | Before 0.00% → after 100.00% |
| Impact on Business Performance | The impact of this transaction on the Company's results is immaterial. If any matters requiring disclosure arise in the future, including revisions to the earnings forecast, the Company will disclose them promptly. |
| Date of board resolution | 28 April 2026 |
| Contract Date | 30 April 2026 |
| Execution Date / Effective Date | 1 July 2026 (scheduled) |
| Valuation methodology | Determined following discussions between the parties, based on the results of due diligence and the share valuation conducted by a third-party institution, among other factors |
Items this document does not state (16)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyExpenses 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)Independent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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 acquire sales rights in southern Tohoku and integrate them with the sales network of the Company's Tohoku Branch in northern Tohoku, thereby establishing a steel products sales channel covering the entire Tohoku region and strengthening the Group's steel products supply chain.
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.