Worth reading
47Recurring
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
% (all shares and voting rights of the 2 companies subject to the transfer)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Share transferDisclosing companyTokyo Tatemono Co.,Ltd.
Date of board resolution12 November 2026
Target company
Real Estate Development, Real Estate Development
Location South Jakarta, Indonesia, South Jakarta, IndonesiaShare capital IDR 1,095.1 billion (approximately ¥9,527 million), IDR 889.1 billion (approximately ¥7,735 million)Date of incorporation 22 January 2016, 22 January 2016
Net SalesFiscal year ended December 2025: - IDR billion (-¥ million), Fiscal year ended December 2025: - IDR billion (-¥ million)
Operating profitFiscal year ended December 2025: △IDR 133.0 billion (approximately △¥1,157 million), Fiscal year ended December 2025: △IDR 91.1 billion (approximately △¥793 million)
Net income for the current fiscal yearFiscal year ended December 2025: △IDR 141.7 billion (approximately △¥1,233 million), Fiscal year ended December 2025: △IDR 103.0 billion (approximately △¥896 million)
Net assetsFiscal year ended December 2025: IDR 188.4 billion (approximately ¥1,639 million), Fiscal year ended December 2025: △IDR 101.1 billion (approximately △¥879 million)
Consideration and expenses
Acquisition priceThe planned transfer price will not be disclosed due to confidentiality obligations with the planned transferee.
Impact on Business Performance
The impact of this share transfer on consolidated results for the fiscal year ending December 2026 is expected to be immaterial, and the earnings forecast announced on 6 August 2026 remains unchanged.
Procedures and assumptions
Management structure after acquisitionFollowing the transfer, the number of shares owned and the ownership ratio of voting rights in both DTP and DTR will be 0, and DTP is not expected to qualify as a specified subsidiary. The trade names, representatives and treatment of employees are Not disclosed
| Item | Details |
|---|---|
| Transaction name | Share transfer |
| Name of the Subject Company | PT Dharma Tatemono Property, PT Dharma Tatemono Residences |
| Business Description of the Subject Company | Real Estate Development, Real Estate Development |
| Location of the Subject Company | South Jakarta, Indonesia, South Jakarta, Indonesia |
| Capital Stock of the Subject Company | IDR 1,095.1 billion (approximately ¥9,527 million), IDR 889.1 billion (approximately ¥7,735 million) |
| Date of Establishment of the Subject Company | 22 January 2016, 22 January 2016 |
| Net Sales of the Subject Company | Fiscal year ended December 2025: - IDR billion (-¥ million), Fiscal year ended December 2025: - IDR billion (-¥ million) |
| Operating Profit of the Subject Company | Fiscal year ended December 2025: △IDR 133.0 billion (approximately △¥1,157 million), Fiscal year ended December 2025: △IDR 91.1 billion (approximately △¥793 million) |
| Net Income of the Subject Company | Fiscal year ended December 2025: △IDR 141.7 billion (approximately △¥1,233 million), Fiscal year ended December 2025: △IDR 103.0 billion (approximately △¥896 million) |
| Net Assets of the Subject Company | Fiscal year ended December 2025: IDR 188.4 billion (approximately ¥1,639 million), Fiscal year ended December 2025: △IDR 101.1 billion (approximately △¥879 million) |
| Acquisition price | The planned transfer price will not be disclosed due to confidentiality obligations with the planned transferee. |
| Number of shares acquired | DTP: 109,510 shares (109,510 voting rights), DTR: 88,910 shares (88,910 voting rights) |
| Voting rights ownership percentage | Before DTP 100％ / DTR 100％ → after DTP 0％ / DTR 0％ |
| Impact on Business Performance | The impact of this share transfer on consolidated results for the fiscal year ending December 2026 is expected to be immaterial, and the earnings forecast announced on 6 August 2026 remains unchanged. |
| Date of board resolution | 12 November 2026 |
| Management structure after acquisition | Following the transfer, the number of shares owned and the ownership ratio of voting rights in both DTP and DTR will be 0, and DTP is not expected to qualify as a specified subsidiary. The trade names, representatives and treatment of employees are Not disclosed |
Items this document does not state (16)
Counterparty nameExpenses 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)Contract DateExecution Date / Effective DateValuation methodologyIndependent 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.The Company determined that transferring the shares of the project companies to a third party was the optimal course of action after pursuing business restructuring in light of the spread of COVID-19 and the weak local real estate market. The Company also stated that it would pursue optimization of its business portfolio based on its medium-term management plan to further enhance corporate value.
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