This transaction
This share transferThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Operation of AUTOBACS stores, sales of automotive products, automotive-related services and wholesaling
In the interim consolidated accounting period of the fiscal year ending March 2027, the Company expects to record approximately ¥4.5 billion in deferred tax assets and income taxes adjustment (benefit). In addition, in the third quarter of the fiscal year ending March 2027, the Company expects to record approximately ¥2.3 billion in extraordinary losses, including losses on business restructuring. In light of these effects, the Company will revise its full-year consolidated earnings forecast for the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Transaction name | This share transfer |
| Counterparty name | FairCap Holding 12 GmbH (FairCap Group) |
| Name of the Subject Company | AUTOBACS FRANCE S.A.S. |
| Business Description of the Subject Company | Operation of AUTOBACS stores, sales of automotive products, automotive-related services and wholesaling |
| Location of the Subject Company | 254ter Boulevard du Havre, 95480 Pierrelaye, France |
| Capital Stock of the Subject Company | €35,300 thousand |
| Date of Establishment of the Subject Company | 14 March 2001 |
| Net Sales of the Subject Company | €44,697 thousand (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | Operating loss of €4,299 thousand (fiscal year ending March 2026) |
| Net Income of the Subject Company | Net loss of €4,941 thousand (fiscal year ending March 2026) |
| Net Assets of the Subject Company | Net assets of €23,049 thousand (fiscal year ending March 2026) |
| Acquisition price | €1 (transfer price) |
| Type of Consideration | Cash (€1) |
| Number of shares acquired | 3,530,000 shares (planned; number of shares to be transferred). Voting rights: not disclosed |
| Voting rights ownership percentage | Before 100% → after 0% |
| Amount of extraordinary income (loss) | Approximately ¥2.3 billion as losses on business restructuring and other items (expected to be recorded in the third quarter of the fiscal year ending March 2027) |
| Impact on Business Performance | In the interim consolidated accounting period of the fiscal year ending March 2027, the Company expects to record approximately ¥4.5 billion in deferred tax assets and income taxes adjustment (benefit). In addition, in the third quarter of the fiscal year ending March 2027, the Company expects to record approximately ¥2.3 billion in extraordinary losses, including losses on business restructuring. In light of these effects, the Company will revise its full-year consolidated earnings forecast for the fiscal year ending March 2027. |
| Date of board resolution | 27 August 2026 |
| Contract Date | Put option agreement: 27 August 2026. Share transfer agreement: third quarter of the fiscal year ending March 2027 (planned) |
| Execution Date / Effective Date | Third quarter of the fiscal year ending March 2027 (planned) |
| Conditions Precedent to Execution | Completion of consultations with AUTOBACS FRANCE's employee representative body in accordance with French law. The Company and FairCap may enter into the share transfer agreement only after the consultations have been completed. |
| Management structure after acquisition | The business is expected to be operated under FairCap. Changes to the trade name and the treatment of the representative and employees: not disclosed |
Items this document does not state (10)
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 Group is reviewing its business portfolio and pursuing the selective allocation and concentration of management resources in growth areas. As the difficult business environment in France is expected to continue due to the economic downturn and intensifying competition, the Group has determined that operating AUTOBACS FRANCE under FairCap, which has knowledge of the European automotive industry and a track record of enhancing corporate value, will contribute to AUTOBACS FRANCE's growth and help optimize the Group's management resources.