Komori
M&A and Subsidiary Changes8844COSMOS INITIA Co.,Ltd.Real estate

Notice Regarding a Change in a Specified Subsidiary

The Company plans to make a preferred equity investment in CIF1特定目的会社 and establish it as a specified purpose company in which it holds 100% of the preferred equity, effective 29 June 2026. Through the company, the Company will develop the apartment hotel “MIMARU” in Osaka City.

Worth reading
51Recurring
Scored from 4 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
3800000
¥ thousand
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

Preferred equity investment in CIF1特定目的会社
Disclosing companyCOSMOS INITIA Co.,Ltd.
CIF1特定目的会社Voting rights ownership percentage

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

TimelineThe spacing between the points is proportional to the actual number of days.
Target company

・Acquisition of specified assets, and activities relating to the management and disposal thereof, in accordance with an asset securitization plan under the Act on Securitization of Assets ・All other activities incidental or related to the securitization of the specified assets described above

Location Chuo-ku, TokyoShare capital Specified capital: ¥100 thousand; preferred capital: ¥3,800 million (planned as of 29 June 2026)Date of incorporation 5 June 2026
Consideration and expenses
Acquisition price¥3,800 million (amount of preferred capital; planned as of 29 June 2026)
Impact on Business Performance

The impact of this transaction on consolidated results for the fiscal year ending March 2027 will be immaterial.

Procedures and assumptions
Management structure after acquisitionThe representative will be Mishina Kisen (三品 貴仙). Company name change and employee treatment: not disclosed
This transaction
ItemDetails
Transaction namePreferred equity investment in CIF1特定目的会社
Name of the Subject CompanyCIF1特定目的会社
Business Description of the Subject Company・Acquisition of specified assets, and activities relating to the management and disposal thereof, in accordance with an asset securitization plan under the Act on Securitization of Assets ・All other activities incidental or related to the securitization of the specified assets described above
Location of the Subject CompanyChuo-ku, Tokyo
Capital Stock of the Subject CompanySpecified capital: ¥100 thousand; preferred capital: ¥3,800 million (planned as of 29 June 2026)
Date of Establishment of the Subject Company5 June 2026
Acquisition price¥3,800 million (amount of preferred capital; planned as of 29 June 2026)
Voting rights ownership percentageAfter 100% (preferred equity ratio) (before not disclosed)
Impact on Business PerformanceThe impact of this transaction on consolidated results for the fiscal year ending March 2027 will be immaterial.
Date of board resolution24 June 2026
Execution Date / Effective Date29 June 2026 (scheduled)
Management structure after acquisitionThe representative will be Mishina Kisen (三品 貴仙). Company name change and employee treatment: not disclosed
Items this document does not state (20)
Counterparty nameNet Sales of the Subject CompanyOperating 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 periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract 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.

To carry out the development of the apartment hotel “MIMARU” on a business site near Osaka Metro Nagahoribashi Station and Shinsaibashi Station.

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.
Notice Regarding a Change in a Specified Subsidiary | COSMOS INITIA Co.,Ltd. (8844) timely disclosure | Komori