Worth reading
62In focus
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
279
¥ million (estimated amount)Wording
Conditional
How definitive the wording is.This transaction
Acquisition of shares (making the company a subsidiary)CounterpartyIkeda Yuya (池田 裕也)
Disclosing companyFibergate Inc.
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
Installation, sales and maintenance of solar power generation systems, and other related businesses
Location Narita, Chiba PrefectureShare capital ¥1 millionDate of incorporation August 2021
Net Sales¥183 million (fiscal year ended July 2025)
Operating profit¥39 million (fiscal year ended July 2025)
Net income for the current fiscal year¥28 million (fiscal year ended July 2025)
Net assets¥50 million (fiscal year ended July 2025)
Consideration and expenses
Acquisition price¥250 million
Expenses other than the acquisition priceAdvisory fees and other expenses (approximate amount): ¥29 million
Impact on Business Performance
The impact of this share acquisition on the group's consolidated results for the fiscal year ending June 2026 is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionThe disclosure states that Smart Green will join the group and create synergies by leveraging the company's existing customer base and conducting joint sales activities in the business-use segment. The treatment of the trade name, representative and employees is Not disclosed.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares (making the company a subsidiary) |
| Counterparty name | Ikeda Yuya (池田 裕也) |
| Name of the Subject Company | 株式会社Smart Green |
| Business Description of the Subject Company | Installation, sales and maintenance of solar power generation systems, and other related businesses |
| Location of the Subject Company | Narita, Chiba Prefecture |
| Capital Stock of the Subject Company | ¥1 million |
| Date of Establishment of the Subject Company | August 2021 |
| Net Sales of the Subject Company | ¥183 million (fiscal year ended July 2025) |
| Operating Profit of the Subject Company | ¥39 million (fiscal year ended July 2025) |
| Net Income of the Subject Company | ¥28 million (fiscal year ended July 2025) |
| Net Assets of the Subject Company | ¥50 million (fiscal year ended July 2025) |
| Acquisition price | ¥250 million |
| Expenses other than the acquisition price | Advisory fees and other expenses (approximate amount): ¥29 million |
| Number of shares acquired | 100 shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 0% → after 100% |
| Impact on Business Performance | The impact of this share acquisition on the group's consolidated results for the fiscal year ending June 2026 is expected to be immaterial. |
| Date of board resolution | 7 April 2026 |
| Contract Date | 7 April 2026 (予定) |
| Execution Date / Effective Date | 27 April 2026 (予定) |
| Management structure after acquisition | The disclosure states that Smart Green will join the group and create synergies by leveraging the company's existing customer base and conducting joint sales activities in the business-use segment. The treatment of the trade name, representative and employees is Not disclosed. |
Items this document does not state (12)
Type 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.The acquisition will incorporate Smart Green's expertise and construction know-how relating to solar power generation and storage batteries in order to expand and accelerate the renewable energy business. The group also aims to improve services for multi-unit residential properties and maximize project acquisition by leveraging its approximately 50,000-building existing customer base and sales capabilities.
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.