Worth reading
44Recurring
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
271
¥ hundreds of millions (total silent partnership investment)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Transaction nameCounterpartyさくら・ホールディング特定目的会社, Tokyo Century Corporation
Disclosing companySEIBU HOLDINGS INC.
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, holding and disposal of trust beneficiary interests in real estate, and related activities
Location Chiyoda-ku, TokyoShare capital Total silent partnership investment: ¥27.1 billionDate of incorporation 30 July 2026
Consideration and expenses
Acquisition priceNot disclosed
Type of ConsiderationCash (silent partnership investment)
Impact on Business Performance
The impact on the earnings forecast for the fiscal year ending March 2027 is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionSPW will be entrusted with hotel operations, while SAM will be solely entrusted with asset management for the SPC. SRE and the group will be directly involved in hotel operations, asset management and building management. The Akasaka Prince Classic House is scheduled to be brought under direct operation from October 2026.
| Item | Details |
|---|---|
| Transaction name | Transaction name |
| Counterparty name | さくら・ホールディング特定目的会社, Tokyo Century Corporation |
| Name of the Subject Company | 合同会社エス・エム・エル・I 匿名組合 |
| Business Description of the Subject Company | Acquisition, holding and disposal of trust beneficiary interests in real estate, and related activities |
| Location of the Subject Company | Chiyoda-ku, Tokyo |
| Capital Stock of the Subject Company | Total silent partnership investment: ¥27.1 billion |
| Date of Establishment of the Subject Company | 30 July 2026 |
| Acquisition price | Not disclosed |
| Type of Consideration | Cash (silent partnership investment) |
| Voting rights ownership percentage | After 67% (silent partnership investment ratio) (before not disclosed) |
| Impact on Business Performance | The impact on the earnings forecast for the fiscal year ending March 2027 is expected to be immaterial. |
| Date of board resolution | 29 July 2026 |
| Contract Date | 29 July 2026 |
| Execution Date / Effective Date | 30 July 2026 (scheduled) and 30 September 2026 (scheduled). The scheduled closing date for the transfer of assets related to the trust beneficiary interests is 30 September 2026. |
| Management structure after acquisition | SPW will be entrusted with hotel operations, while SAM will be solely entrusted with asset management for the SPC. SRE and the group will be directly involved in hotel operations, asset management and building management. The Akasaka Prince Classic House is scheduled to be brought under direct operation from October 2026. |
Items this document does not state (17)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation 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 purpose is to become directly involved not only in hotel operations but also in asset management and building management, thereby increasing the value of these assets and group earnings, while also developing the asset management business through capital recycling.
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.