Worth reading
41Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Share acquisition (making the company a wholly owned subsidiary)CounterpartyFujiwara Masao (藤原 雅生), Other individual shareholders (names not disclosed)
Disclosing companyCOMPUTER ENGINEERING & CONSULTING 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.
Target company
Systems integration, product solutions and consulting
Location Shibuya, TokyoShare capital ¥50 millionDate of incorporation April 1999
Net Sales¥666.315 million (fiscal year ended April 2026)
Operating profit¥32.152 million (fiscal year ended April 2026)
Net income for the current fiscal year¥14.061 million (fiscal year ended April 2026)
Net assets¥265.701 million (fiscal year ended April 2026)
Impact on Business Performance
The impact of this share acquisition on consolidated results is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionサイファー株式会社 will become a consolidated subsidiary of the Company from the day following the closing date. Changes to the corporate name, representative and treatment of employees: not disclosed
| Item | Details |
|---|---|
| Transaction name | Share acquisition (making the company a wholly owned subsidiary) |
| Counterparty name | Fujiwara Masao (藤原 雅生), Other individual shareholders (names not disclosed) |
| Name of the Subject Company | サイファー株式会社 |
| Business Description of the Subject Company | Systems integration, product solutions and consulting |
| Location of the Subject Company | Shibuya, Tokyo |
| Capital Stock of the Subject Company | ¥50 million |
| Date of Establishment of the Subject Company | April 1999 |
| Net Sales of the Subject Company | ¥666.315 million (fiscal year ended April 2026) |
| Operating Profit of the Subject Company | ¥32.152 million (fiscal year ended April 2026) |
| Net Income of the Subject Company | ¥14.061 million (fiscal year ended April 2026) |
| Net Assets of the Subject Company | ¥265.701 million (fiscal year ended April 2026) |
| Number of shares acquired | 400 shares (400 voting rights) |
| Voting rights ownership percentage | After 100% (before not disclosed) |
| Impact on Business Performance | The impact of this share acquisition on consolidated results is expected to be immaterial. |
| Date of board resolution | 18 September 2026 |
| Contract Date | 30 September 2026 |
| Execution Date / Effective Date | 2 November 2026 (scheduled) |
| Management structure after acquisition | サイファー株式会社 will become a consolidated subsidiary of the Company from the day following the closing date. Changes to the corporate name, representative and treatment of employees: not disclosed |
Items this document does not state (14)
Acquisition priceExpenses 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.The purpose is to strengthen and expand the systems and infrastructure construction business. サイファー株式会社 operates a systems integration business focused mainly on the financial, manufacturing and government sectors and has long had a business partnership with COMPUTER ENGINEERING & CONSULTING LTD. Through the acquisition, the Company aims to enhance corporate value over the medium to long term.
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.