Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
50
% (阿波銀行's voting rights ownership after the change)Wording
Conditional
How definitive the wording is.This transaction
This capital and business alliance (third-party allotment capital increase)Counterparty四国放送株式会社
Disclosing companyThe Awa Bank,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.
Target company
E-commerce platform operation and consulting businesses, including marketing analysis and content production
Location Tokushima, Tokushima PrefectureShare capital ¥100 millionDate of incorporation 15 January 2021
Net Sales¥141 million (fiscal year ended March 2026)
Net income for the current fiscal year¥2 million (fiscal year ended March 2026)
Net assets¥65 million (fiscal year ended March 2026)
Consideration and expenses
Acquisition priceNot disclosed due to contractual confidentiality obligations
Type of ConsiderationCash (subscription payment for the third-party allotment capital increase; amount not disclosed)
Impact on Business Performance
The Company expects the impact of this capital and business alliance and the change in status of 阿波銀コネクト株式会社 to an equity-method affiliate on its consolidated results for the fiscal year ending March 2027 to be immaterial.
Procedures and assumptions
Valuation methodologyConsultation between the parties, taking comprehensive account of 阿波銀コネクト株式会社's financial position, business plan and other factors
Management structure after acquisitionAfter the change, 阿波銀コネクト株式会社 will continue to operate its e-commerce platform and consulting businesses as a company engaged in advanced banking-related business, under appropriate management and internal controls in accordance with applicable laws and regulations. The trade name, representative and treatment of employees: not disclosed
| Item | Details |
|---|---|
| Transaction name | This capital and business alliance (third-party allotment capital increase) |
| Counterparty name | 四国放送株式会社 |
| Name of the Subject Company | 阿波銀コネクト株式会社 |
| Business Description of the Subject Company | E-commerce platform operation and consulting businesses, including marketing analysis and content production |
| Location of the Subject Company | Tokushima, Tokushima Prefecture |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 15 January 2021 |
| Net Sales of the Subject Company | ¥141 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | ¥2 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥65 million (fiscal year ended March 2026) |
| Acquisition price | Not disclosed due to contractual confidentiality obligations |
| Type of Consideration | Cash (subscription payment for the third-party allotment capital increase; amount not disclosed) |
| Number of shares acquired | 2,000 shares (四国放送株式会社 is expected to subscribe for all shares; the number of voting rights is not stated in the main text) |
| Voting rights ownership percentage | Before 100.0％ → after 50.0％ |
| Impact on Business Performance | The Company expects the impact of this capital and business alliance and the change in status of 阿波銀コネクト株式会社 to an equity-method affiliate on its consolidated results for the fiscal year ending March 2027 to be immaterial. |
| Date of board resolution | Date of approval by the Company's Board of Directors: 25 September 2026; date of resolution by 阿波銀コネクト株式会社's Board of Directors: 25 September 2026 |
| Contract Date | 29 September 2026 (予定) |
| Execution Date / Effective Date | Payment date for the third-party allotment capital increase and commencement date of this capital and business alliance: 2 November 2026 (予定) |
| Valuation methodology | Consultation between the parties, taking comprehensive account of 阿波銀コネクト株式会社's financial position, business plan and other factors |
| Management structure after acquisition | After the change, 阿波銀コネクト株式会社 will continue to operate its e-commerce platform and consulting businesses as a company engaged in advanced banking-related business, under appropriate management and internal controls in accordance with applicable laws and regulations. The trade name, representative and treatment of employees: not disclosed |
Items this document does not state (12)
Operating Profit of the Subject CompanyExpenses other than the acquisition priceMerger 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 Execution
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 combine 阿波銀コネクト株式会社's expertise in operating e-commerce platforms, network of regional businesses and consulting capabilities with 四国放送株式会社's ability to disseminate information, plan and produce content, and engage with the local community, thereby helping regional businesses expand their sales channels, enhance brand value, promote the appeal of Tokushima and develop regional industries.
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.