Worth reading
73In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
597600
Shares (common stock to be delivered)Wording
Conditional
How definitive the wording is.Decision and Details
The boards of directors and other corporate decision-making bodies of the company and block party (contractual conditions precedent requiring the necessary decisions).A share exchange under which Striders Corporation will become the wholly owning parent company and block party Co., Ltd. will become the wholly owned subsidiary.
Decision30 September 2026 (date of execution of the share exchange agreement)
Period CoveredThe period from 30 October 2026 onward during which block party will be a wholly owned subsidiary of Striders Corporation
Implementation30 October 2026 (scheduled date, effective date of the share exchange; subject to change by agreement)
Going forwardblock party is scheduled to obtain the necessary approval at a shareholders meeting by 30 September 2026. If the conditions, including the necessary corporate decisions and regulatory approvals, are satisfied, the share exchange is scheduled to be implemented on 30 October 2026. Any changes to these matters will be disclosed.
AmountValue of block party shares: approximately ¥150 million; total share exchange consideration: ¥149.4 million; business transfer consideration: ¥1; result of block party share valuation: ¥120 million–¥155 million
Quantity / scaleShare exchange ratio: 16,600 common shares of Striders Corporation for each common share of block party; 36 issued common shares of block party; 597,600 shares scheduled to be delivered; appraised value of Striders Corporation shares: ¥250 per share
Reason
The shareholders of block party can continue to benefit from the business results of the company group after the share exchange, and the transaction does not require a substantial cash outlay, unlike a cash consideration. The share exchange ratio was determined after comprehensively considering the valuation by an independent valuation institution, block party's financial and asset position, and its future business outlook.
Impact on Business Performance
The company's stated capital and reserves are not expected to increase. Other impacts on results: Not disclosed
| Item | Details |
|---|---|
| Matter Covered | A share exchange under which Striders Corporation will become the wholly owning parent company and block party Co., Ltd. will become the wholly owned subsidiary. |
| Decision-Making Body | The boards of directors and other corporate decision-making bodies of the company and block party (contractual conditions precedent requiring the necessary decisions). |
| Decision Date | 30 September 2026 (date of execution of the share exchange agreement) |
| Implementation Date | 30 October 2026 (scheduled date, effective date of the share exchange; subject to change by agreement) |
| Period Covered | The period from 30 October 2026 onward during which block party will be a wholly owned subsidiary of Striders Corporation |
| Amount | Value of block party shares: approximately ¥150 million; total share exchange consideration: ¥149.4 million; business transfer consideration: ¥1; result of block party share valuation: ¥120 million–¥155 million |
| Quantity / scale | Share exchange ratio: 16,600 common shares of Striders Corporation for each common share of block party; 36 issued common shares of block party; 597,600 shares scheduled to be delivered; appraised value of Striders Corporation shares: ¥250 per share |
| Impact on Business Performance | The company's stated capital and reserves are not expected to increase. Other impacts on results: Not disclosed |
| Reason | The shareholders of block party can continue to benefit from the business results of the company group after the share exchange, and the transaction does not require a substantial cash outlay, unlike a cash consideration. The share exchange ratio was determined after comprehensively considering the valuation by an independent valuation institution, block party's financial and asset position, and its future business outlook. |
| Governing Rule | Companies Act, Articles 767, 768, paragraph 1, item 1, 794, paragraph 1, 796, paragraph 2, and 799, paragraph 1, item 3; Companies Act Enforcement Regulations, Article 193; Ordinance on Company Calculations; Financial Instruments and Exchange Act; Tokyo Stock Exchange Securities Listing Regulations |
| Future plans | block party is scheduled to obtain the necessary approval at a shareholders meeting by 30 September 2026. If the conditions, including the necessary corporate decisions and regulatory approvals, are satisfied, the share exchange is scheduled to be implemented on 30 October 2026. Any changes to these matters will be disclosed. |
Items this document does not state (1)
Related previous disclosures
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 company chose its common shares as consideration after comprehensively considering that the shareholders of block party could continue to benefit from the business results of the company group after the share exchange, and that, unlike a cash consideration, the transaction would not require a substantial cash outlay.
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