Worth reading
41Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.This transaction
This mergerCounterparty (target company)株式会社フォーサイト
Disclosing companyASAX CO.,LTD.
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
Real Estate Business
Location Minato-ku, TokyoShare capital ¥10 millionDate of incorporation 28 September 2015
Net SalesOperating revenue: ¥44.946 million (31 March 2026)
Operating profit¥24.386 million (31 March 2026)
Net income for the current fiscal year¥10.689 million (31 March 2026)
Net assets¥67.691 million (31 March 2026)
Consideration and expenses
Acquisition priceNo shares or other monetary consideration will be allocated in connection with the merger.
Type of ConsiderationNo consideration (no allocation of shares or other monetary consideration)
Merger ratio/share exchange ratioNot applicable (no shares or other monetary consideration will be allocated)
Impact on Business Performance
As this is a merger with a wholly owned subsidiary, the impact on consolidated results will be immaterial.
Procedures and assumptions
Conditions Precedent to ExecutionAs this is a simplified and short-form merger, no shareholders' meeting will be held to approve the merger agreement.
Management structure after acquisition株式会社フォーサイト will be dissolved. There will be no changes to ASAX CO.,LTD.'s corporate name, head office location, representative, business activities, stated capital or fiscal year-end.
| Item | Details |
|---|---|
| Transaction name | This merger |
| Counterparty name | 株式会社フォーサイト |
| Name of the Subject Company | 株式会社フォーサイト |
| Business Description of the Subject Company | Real Estate Business |
| Location of the Subject Company | Minato-ku, Tokyo |
| Capital Stock of the Subject Company | ¥10 million |
| Date of Establishment of the Subject Company | 28 September 2015 |
| Net Sales of the Subject Company | Operating revenue: ¥44.946 million (31 March 2026) |
| Operating Profit of the Subject Company | ¥24.386 million (31 March 2026) |
| Net Income of the Subject Company | ¥10.689 million (31 March 2026) |
| Net Assets of the Subject Company | ¥67.691 million (31 March 2026) |
| Acquisition price | No shares or other monetary consideration will be allocated in connection with the merger. |
| Type of Consideration | No consideration (no allocation of shares or other monetary consideration) |
| Merger ratio/share exchange ratio | Not applicable (no shares or other monetary consideration will be allocated) |
| Voting rights ownership percentage | Before 100.00% (as of 31 March 2026) → after Not applicable (株式会社フォーサイト will be dissolved) |
| Impact on Business Performance | As this is a merger with a wholly owned subsidiary, the impact on consolidated results will be immaterial. |
| Date of board resolution | 19 August 2026 |
| Contract Date | 19 August 2026 |
| Execution Date / Effective Date | 28 September 2026 (予定) |
| Conditions Precedent to Execution | As this is a simplified and short-form merger, no shareholders' meeting will be held to approve the merger agreement. |
| Management structure after acquisition | 株式会社フォーサイト will be dissolved. There will be no changes to ASAX CO.,LTD.'s corporate name, head office location, representative, business activities, stated capital or fiscal year-end. |
Items this document does not state (11)
Expenses other than the acquisition priceTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding 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.To consolidate overlapping business areas and improve the efficiency of the management structure and business operations.
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.