Worth reading
40Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
5344
¥ million (book value of the fixed assets to be spun off)Wording
Conditional
How definitive the wording is.This transaction
This incorporation-type company splitVoting rights ownership percentageNot disclosed → 100% (予定)
Number of shares acquiredAll shares of 髙島屋ファイナンシャル・パートナーズ株式会社, ヴァスト・キュルチュール株式会社, 株式会社髙島屋クレイキャピタル and ほがらか信託株式会社 (number of shares and voting rights: Not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Consideration and expenses
Type of ConsiderationShares (the new company will issue 20,000 common shares and allot all of them to the company)
Amount of extraordinary income (loss)The amounts of special income and special losses are Not disclosed. The impact on consolidated results is immaterial
Impact on Business Performance
The impact on the company's consolidated results for the fiscal years ending February 2027 and February 2028 is immaterial
Procedures and assumptions
Conditions Precedent to ExecutionAs the requirements for a simplified company split under Article 805 of the Companies Act are satisfied, the transaction will be carried out without obtaining approval at a shareholders' meeting
Management structure after acquisitionThe new company is expected to become a wholly owned subsidiary of the company. The new company's representative director and president is undecided. The company's name, address, representative, business activities, capital and fiscal year-end will remain unchanged. Employee treatment is Not disclosed
| Item | Details |
|---|---|
| Transaction name | This incorporation-type company split |
| Type of Consideration | Shares (the new company will issue 20,000 common shares and allot all of them to the company) |
| Number of shares acquired | All shares of 髙島屋ファイナンシャル・パートナーズ株式会社, ヴァスト・キュルチュール株式会社, 株式会社髙島屋クレイキャピタル and ほがらか信託株式会社 (number of shares and voting rights: Not disclosed) |
| Voting rights ownership percentage | After 100% (予定) (before not disclosed) |
| Amount of extraordinary income (loss) | The amounts of special income and special losses are Not disclosed. The impact on consolidated results is immaterial |
| Impact on Business Performance | The impact on the company's consolidated results for the fiscal years ending February 2027 and February 2028 is immaterial |
| Date of board resolution | 15 October 2026 |
| Execution Date / Effective Date | 1 March 2027 (予定) |
| Conditions Precedent to Execution | As the requirements for a simplified company split under Article 805 of the Companies Act are satisfied, the transaction will be carried out without obtaining approval at a shareholders' meeting |
| Management structure after acquisition | The new company is expected to become a wholly owned subsidiary of the company. The new company's representative director and president is undecided. The company's name, address, representative, business activities, capital and fiscal year-end will remain unchanged. Employee treatment is Not disclosed |
Items this document does not state (22)
Counterparty nameName of the Subject CompanyBusiness 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 priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountContract 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 purpose is to centralize strategic planning and management of the financial business, enhance governance and risk management, accelerate decision-making, and strengthen coordination among group companies. The company also states that it will use its human resources, expertise and customer base to create new services and revenue opportunities, contributing to growth in the financial business and across the group.
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.