Worth reading
66In focus
Scored from 3 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
3233
¥ millionWording
Conditional
How definitive the wording is.This transaction
Acquisition of shares and conversion into a subsidiaryCounterpartyMitsubishi Corporation, UBE Corporation
Disclosing companyICHINEN HOLDINGS CO.,LTD.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Export and import of fertilizer raw materials, and sales of various fertilizer products and agricultural materials, Manufacture and sale of fertilizers
Location Chiyoda-ku, Tokyo, Chiyoda-ku, TokyoShare capital ¥300 million, ¥1,226 millionDate of incorporation 2 October 1989, 27 May 1966
Net Sales¥26,337 million (fiscal year ended March 2025), ¥14,898 million (fiscal year ended March 2025)
Operating profit¥317 million (fiscal year ended March 2025), ¥259 million (fiscal year ended March 2025)
Net income for the current fiscal year¥233 million (fiscal year ended March 2025), -¥359 million (fiscal year ended March 2025)
Net assets¥1,398 million (fiscal year ended March 2025), ¥4,693 million (fiscal year ended March 2025)
Consideration and expenses
Acquisition price¥439 million, ¥2,794 million
Expenses other than the acquisition priceAdvisory fees, etc.: undetermined
Impact on Business Performance
If any matter requiring disclosure arises regarding the impact on financial results, it will be disclosed promptly.
Procedures and assumptions
Management structure after acquisition三菱商事アグリサービス changed its corporate name to 株式会社イチネンＭＡＣ effective 1 June 2026. エムシー・ファーティコム is scheduled to change its corporate name to 株式会社イチネンファーティコム effective 1 June 2027. Both companies established new management structures including personnel from イチネンホールディングス and others.
| Item | Details |
|---|---|
| Transaction name | Acquisition of shares and conversion into a subsidiary |
| Counterparty name | Mitsubishi Corporation, UBE Corporation |
| Name of the Subject Company | 三菱商事アグリサービス株式会社, エムシー・ファーティコム株式会社 |
| Business Description of the Subject Company | Export and import of fertilizer raw materials, and sales of various fertilizer products and agricultural materials, Manufacture and sale of fertilizers |
| Location of the Subject Company | Chiyoda-ku, Tokyo, Chiyoda-ku, Tokyo |
| Capital Stock of the Subject Company | ¥300 million, ¥1,226 million |
| Date of Establishment of the Subject Company | 2 October 1989, 27 May 1966 |
| Net Sales of the Subject Company | ¥26,337 million (fiscal year ended March 2025), ¥14,898 million (fiscal year ended March 2025) |
| Operating Profit of the Subject Company | ¥317 million (fiscal year ended March 2025), ¥259 million (fiscal year ended March 2025) |
| Net Income of the Subject Company | ¥233 million (fiscal year ended March 2025), -¥359 million (fiscal year ended March 2025) |
| Net Assets of the Subject Company | ¥1,398 million (fiscal year ended March 2025), ¥4,693 million (fiscal year ended March 2025) |
| Acquisition price | ¥439 million, ¥2,794 million |
| Expenses other than the acquisition price | Advisory fees, etc.: undetermined |
| Number of shares acquired | 6,000 shares (6,000 voting rights), 1,089,481 shares (1,089,481 voting rights) |
| Voting rights ownership percentage | Before 0.0％, 0.0％ → after 100.0％, 93.16％ |
| Impact on Business Performance | If any matter requiring disclosure arises regarding the impact on financial results, it will be disclosed promptly. |
| Contract Date | 3 April 2026 (stated as the announcement date) |
| Execution Date / Effective Date | 1 June 2026 (completion of the acquisition of shares) |
| Management structure after acquisition | 三菱商事アグリサービス changed its corporate name to 株式会社イチネンＭＡＣ effective 1 June 2026. エムシー・ファーティコム is scheduled to change its corporate name to 株式会社イチネンファーティコム effective 1 June 2027. Both companies established new management structures including personnel from イチネンホールディングス and others. |
Items this document does not state (13)
Type of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation 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 expand the scale and improve the profitability of the agricultural business by incorporating fertilizer raw-material procurement channels, domestic and overseas sales networks, product lineups and product development capabilities, thereby enhancing procurement and purchasing capabilities, sales capabilities, product proposal capabilities, competitiveness and market share.
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