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M&A and Subsidiary Changes8159TACHIBANA ELETECH CO.,LTD.Trading & Wholesale

Notice of the Execution of a Basic Agreement on the Acquisition of a Semiconductor-Related Business in South Korea

TACHIBANA ELETECH CO., LTD. entered into a basic agreement to acquire part of the semiconductor device-related business operated by the Korean subsidiary of 株式会社コシダテック. The parties are still discussing the execution of the definitive agreement, completion of the transaction, and the specific transaction structure and schedule.

Worth reading
65In focus
Scored from 2 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
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Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Acquisition of a Semiconductor-Related Business in South Korea
Counterparty株式会社コシダテック
Disclosing companyTACHIBANA ELETECH CO.,LTD.
KOSHIDA KOREA CORPORATIONSubject of this transaction
Contract Date24 September 2026
Target company

Business relating to Renesas Electronics semiconductor devices

Location South Korea
Impact on Business Performance

If matters requiring disclosure arise as a result of future developments, including any impact on business performance, the Company will make a timely disclosure.

Procedures and assumptions
Conditions Precedent to ExecutionFollowing the necessary investigations and consideration, the parties aim to execute the definitive agreement and complete the transaction.
Management structure after acquisitionThe Company expects further growth of the target business by assuming the business foundation of the counterparty's target business and leveraging the resources of the Company Group.
This transaction
ItemDetails
Transaction nameAcquisition of a Semiconductor-Related Business in South Korea
Counterparty name株式会社コシダテック
Name of the Subject CompanyKOSHIDA KOREA CORPORATION
Business Description of the Subject CompanyBusiness relating to Renesas Electronics semiconductor devices
Location of the Subject CompanySouth Korea
Impact on Business PerformanceIf matters requiring disclosure arise as a result of future developments, including any impact on business performance, the Company will make a timely disclosure.
Contract Date24 September 2026
Conditions Precedent to ExecutionFollowing the necessary investigations and consideration, the parties aim to execute the definitive agreement and complete the transaction.
Management structure after acquisitionThe Company expects further growth of the target business by assuming the business foundation of the counterparty's target business and leveraging the resources of the Company Group.
Items this document does not state (23)
Capital 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 periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionExecution Date / Effective DateValuation 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.

The Company determined that the transaction would help strengthen its overseas business foundation and expand its business areas as part of the global expansion set out in its medium- to long-term management plan, GIC30. It also expects further growth of the target business by assuming its business foundation and leveraging the resources of the Company Group.

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Notice of the Execution of a Basic Agreement on the Acquisition of a Semiconductor-Related Business in South Korea | TACHIBANA ELETECH CO.,LTD. (8159) timely disclosure | Komori