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
6500
千米ドル（取得価額）Wording
Conditional
How definitive the wording is.This transaction
Share AcquisitionCounterpartySwell International Incorporated
Disclosing companyNIPPON KANZAI Holdings Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.7 days from 決議 to 締結 / 実行.White points represent dates designated as scheduled dates in the document.
Target company
Residential Property Management and Operations Business
Location Honolulu, Hawaii, United StatesShare capital 4,270千米ドルDate of incorporation 2008年９月24日（創業は1955年）
Net Sales28,581千米ドル（2022年12月期）
Net income for the current fiscal year496千米ドル（2022年12月期）
Net assets10,640千米ドル（2022年12月期）
Consideration and expenses
Acquisition price6,500千米ドル
Impact on Business Performance
連結業績への影響は軽微。持分法適用関連会社から孫会社への異動に伴う連結業績への取り込みは2024年３月期第３四半期から予定
Procedures and assumptions
Management structure after acquisitionHawaiiana Holdingsを当社の100％子会社（孫会社）とすること以外の、商号、代表者、従業員の処遇はNot disclosed
| Item | Details |
|---|---|
| Transaction name | Share Acquisition |
| Counterparty name | Swell International Incorporated |
| Name of the Subject Company | Hawaiiana Holdings Incorporated |
| Business Description of the Subject Company | Residential Property Management and Operations Business |
| Location of the Subject Company | Honolulu, Hawaii, United States |
| Capital Stock of the Subject Company | 4,270千米ドル |
| Date of Establishment of the Subject Company | 2008年９月24日（創業は1955年） |
| Net Sales of the Subject Company | 28,581千米ドル（2022年12月期） |
| Net Income of the Subject Company | 496千米ドル（2022年12月期） |
| Net Assets of the Subject Company | 10,640千米ドル（2022年12月期） |
| Acquisition price | 6,500千米ドル |
| Number of shares acquired | 133,929株（発行済株式総数（自己株式消却後）の41.67％）、議決権の数はNot disclosed |
| Voting rights ownership percentage | Before 50% → after 100% |
| Impact on Business Performance | 連結業績への影響は軽微。持分法適用関連会社から孫会社への異動に伴う連結業績への取り込みは2024年３月期第３四半期から予定 |
| Date of board resolution | 2023年８月24日（当社）／2023年８月29日（NKUSA、予定） |
| Contract Date | 2023年８月31日（予定） |
| Execution Date / Effective Date | 2023年８月31日（予定） |
| Management structure after acquisition | Hawaiiana Holdingsを当社の100％子会社（孫会社）とすること以外の、商号、代表者、従業員の処遇はNot disclosed |
Items this document does not state (14)
Operating Profit of the Subject CompanyExpenses 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)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.米国での事業展開や業容の拡大を目指すため。Swell Internationalとの協議の結果、Hawaiiana Holdingsによる自己株式の消却後、残りの株式をNIPPON KANZAI USAが取得することで合意した。
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