Worth reading
49Recurring
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
100
More than ¥10 billion (DG Group revenue for the fiscal year ended June 2025)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Acquisition of shares in this transactionDisclosing companyXEBIO holdings CO.,LTD.
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.
Contract DateUndecided as of this date
Target company
Golf equipment retail, franchise operations, wholesale operations, simulator-related business, and e-commerce operations
Location Commonwealth of AustraliaShare capital A$112 (approximately ¥12 thousand)Date of incorporation 8 October 2002
Net SalesMore than ¥10 billion (fiscal year ended June 2025)
Consideration and expenses
Acquisition priceThe acquisition price is not being disclosed at this time. When the share transfer agreement is executed, the terms of the agreement, including the acquisition price, will be finalized, and timely disclosure will be made again.
Impact on Business Performance
The impact on consolidated results for the fiscal year ending March 2027 is expected to be immaterial. The impact on consolidated results from the fiscal year ending March 2028 onward is currently under review.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the reorganization of the DG Group, a change in the fiscal year-end, and satisfaction of other conditions precedent stipulated in the share transfer agreement
Management structure after acquisitionDG is expected to become a consolidated subsidiary of the Company. Following the acquisition, the companies will pursue collaboration in product sourcing, reciprocal development of private-brand products, the use of e-commerce and digital technologies, and store operations. The corporate name, representative and treatment of employees are Not disclosed
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares in this transaction |
| Name of the Subject Company | Drummond Golf Pty Ltd |
| Business Description of the Subject Company | Golf equipment retail, franchise operations, wholesale operations, simulator-related business, and e-commerce operations |
| Location of the Subject Company | Commonwealth of Australia |
| Capital Stock of the Subject Company | A$112 (approximately ¥12 thousand) |
| Date of Establishment of the Subject Company | 8 October 2002 |
| Net Sales of the Subject Company | More than ¥10 billion (fiscal year ended June 2025) |
| Acquisition price | The acquisition price is not being disclosed at this time. When the share transfer agreement is executed, the terms of the agreement, including the acquisition price, will be finalized, and timely disclosure will be made again. |
| Number of shares acquired | All issued shares of DG (number of voting rights: under confirmation) |
| Voting rights ownership percentage | Before 0.0% → after 100.0% |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending March 2027 is expected to be immaterial. The impact on consolidated results from the fiscal year ending March 2028 onward is currently under review. |
| Date of board resolution | 15 May 2026 |
| Contract Date | Undecided as of this date |
| Execution Date / Effective Date | April 2027 (予定) |
| Conditions Precedent to Execution | Completion of the reorganization of the DG Group, a change in the fiscal year-end, and satisfaction of other conditions precedent stipulated in the share transfer agreement |
| Management structure after acquisition | DG is expected to become a consolidated subsidiary of the Company. Following the acquisition, the companies will pursue collaboration in product sourcing, reciprocal development of private-brand products, the use of e-commerce and digital technologies, and store operations. The corporate name, representative and treatment of employees are Not disclosed |
Items this document does not state (16)
Counterparty nameOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets 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)Valuation 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 aim is to acquire a business expected to achieve stable growth in APAC, particularly Australia, and expand consolidated revenue. In addition, by combining DG's store network, customer base and brand recognition in Australia with the Group's product sourcing capabilities, negotiating strength with manufacturers, private-brand product development capabilities, store operation expertise, and e-commerce and digital expertise, the Group aims to drive DG's growth and improve its profitability while expanding its overseas retail business.
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.