Worth reading
49Recurring
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
688
¥ millionWording
Conditional
How definitive the wording is.This transaction
Acquisition of shares and conversion into a subsidiaryCounterparty株式会社アドベンチャー
Disclosing companyH.I.S.Co.,Ltd.
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.White points represent dates designated as scheduled dates in the document.
Target company
Travel Business
Location Kita-ku, Osaka, Osaka PrefectureShare capital ¥30 millionDate of incorporation 25 November 1968
Net SalesJPY 2,726 million (fiscal year ended June 2025)
Operating profitJPY 129 million (fiscal year ended June 2025)
Net income for the current fiscal year¥80 million (fiscal year ended June 2025)
Net assetsJPY 642 million (fiscal year ended June 2025)
Consideration and expenses
Acquisition price684 million for the common shares of ラド観光株式会社
Expenses other than the acquisition priceTransaction-related expenses: JPY 4 million
Type of ConsiderationCash (share acquisition price)
Impact on Business Performance
Immaterial
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares and conversion into a subsidiary |
| Counterparty name | 株式会社アドベンチャー |
| Name of the Subject Company | ラド観光株式会社 |
| Business Description of the Subject Company | Travel Business |
| Location of the Subject Company | Kita-ku, Osaka, Osaka Prefecture |
| Capital Stock of the Subject Company | ¥30 million |
| Date of Establishment of the Subject Company | 25 November 1968 |
| Net Sales of the Subject Company | JPY 2,726 million (fiscal year ended June 2025) |
| Operating Profit of the Subject Company | JPY 129 million (fiscal year ended June 2025) |
| Net Income of the Subject Company | ¥80 million (fiscal year ended June 2025) |
| Net Assets of the Subject Company | JPY 642 million (fiscal year ended June 2025) |
| Acquisition price | 684 million for the common shares of ラド観光株式会社 |
| Expenses other than the acquisition price | Transaction-related expenses: JPY 4 million |
| Type of Consideration | Cash (share acquisition price) |
| Number of shares acquired | 50,000 shares (500 voting rights) |
| Voting rights ownership percentage | Before －％ → after 100％ |
| Impact on Business Performance | Immaterial |
| Date of board resolution | 11 September 2026 |
| Contract Date | 11 September 2026 |
| Execution Date / Effective Date | 30 November 2026 (予定) |
Items this document does not state (12)
Merger 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 ExecutionManagement structure after acquisition
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 transaction is intended to combine ラド観光株式会社's high market share in bus ski tours, supplier network, regional network and product development expertise with the Company's sales network and customer acquisition capabilities, thereby enabling the joint planning of products departing from regional locations and strengthening product development and rollout 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.
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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.