Worth reading
35Immaterial
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
50
Percentage of issued shares transferred (%)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This Share Transfer AgreementCounterpartyITOCHU Corporation
Disclosing companyTokyo Century Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Impact on Business Performance
The impact on the consolidated earnings forecast for the fiscal year ending March 2027 cannot be reasonably calculated.
Procedures and assumptions
Conditions Precedent to ExecutionFulfillment of conditions precedent to completion of the transaction, including obtaining the necessary approvals and permits under competition laws in the relevant countries
Management structure after acquisitionFollowing completion of the transfer, the company is expected to become an equity-method affiliate. Its corporate name, representative and treatment of employees have not been disclosed.
| Item | Details |
|---|---|
| Transaction name | This Share Transfer Agreement |
| Counterparty name | ITOCHU Corporation |
| Name of the Subject Company | TC Skyward Aviation U.S., Inc. |
| Number of shares acquired | 50.0% of the total number of issued shares |
| Impact on Business Performance | The impact on the consolidated earnings forecast for the fiscal year ending March 2027 cannot be reasonably calculated. |
| Contract Date | 2 September 2026 |
| Execution Date / Effective Date | November 2026 (scheduled) |
| Conditions Precedent to Execution | Fulfillment of conditions precedent to completion of the transaction, including obtaining the necessary approvals and permits under competition laws in the relevant countries |
| Management structure after acquisition | Following completion of the transfer, the company is expected to become an equity-method affiliate. Its corporate name, representative and treatment of employees have not been disclosed. |
Items this document does not state (23)
Business 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 priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation 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 explained that the timing and amount of profit recognition from this transaction may vary depending on the progress of regulatory approval procedures under the competition laws of the relevant countries, foreign exchange fluctuations and other factors. No strategic rationale for the transaction itself was provided.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.