Worth reading
53Recurring
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
2750
¥ million (acquisition price)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares and subscription for shares issued through a third-party allotment (making the company a subsidiary)CounterpartyHYDRA COMMERCIAL INVESTMENTS LLC
Disclosing companyK.R.S.Corporation
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.White points represent dates designated as scheduled dates in the document.
Target company
Provision of temperature-controlled storage, transportation and delivery services in India
Location Mumbai, Maharashtra, IndiaShare capital INR 2 million (approximately ¥3.4 million)Date of incorporation October 2012
Net Sales¥1,655 million (fiscal year ended March 2025)
Operating profit¥142 million (fiscal year ended March 2025)
Net income for the current fiscal year¥38 million (fiscal year ended March 2025)
Net assets¥708 million (fiscal year ended March 2025)
Consideration and expenses
Acquisition price¥2,750 million
Impact on Business Performance
The impact on consolidated results for the fiscal year ending November 2026 is immaterial
Procedures and assumptions
Management structure after acquisitionThe Company will hold 51.6% of the shares and establish a governance structure while maintaining the current robust operations on a stable basis. Going forward, the Company's temperature-control technology will be combined with Coldrush's operations. The trade name, representative, and treatment of employees are not disclosed.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares and subscription for shares issued through a third-party allotment (making the company a subsidiary) |
| Counterparty name | HYDRA COMMERCIAL INVESTMENTS LLC |
| Name of the Subject Company | Coldrush Logistics Private Limited |
| Business Description of the Subject Company | Provision of temperature-controlled storage, transportation and delivery services in India |
| Location of the Subject Company | Mumbai, Maharashtra, India |
| Capital Stock of the Subject Company | INR 2 million (approximately ¥3.4 million) |
| Date of Establishment of the Subject Company | October 2012 |
| Net Sales of the Subject Company | ¥1,655 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | ¥142 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥38 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥708 million (fiscal year ended March 2025) |
| Acquisition price | ¥2,750 million |
| Number of shares acquired | 144,504 shares (number of voting rights not stated) |
| Voting rights ownership percentage | Before 0% → after 51.6% |
| Impact on Business Performance | The impact on consolidated results for the fiscal year ending November 2026 is immaterial |
| Date of board resolution | 23 April 2026 |
| Contract Date | 11 May 2026 |
| Execution Date / Effective Date | 10 August 2026 (予定) |
| Management structure after acquisition | The Company will hold 51.6% of the shares and establish a governance structure while maintaining the current robust operations on a stable basis. Going forward, the Company's temperature-control technology will be combined with Coldrush's operations. The trade name, representative, and treatment of employees are not disclosed. |
Items this document does not state (13)
Expenses 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.To advance overseas expansion under the Eighth Medium-Term Management Plan's policy of expanding and further developing new business areas. In India, where the cold-chain logistics market is expected to expand on the back of population growth and economic development, the aim is to accelerate the development of a cold-chain logistics network by combining Coldrush's logistics bases and transportation network with the temperature-control technology cultivated by the Company.
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