This transaction
Conversion into a consolidated subsidiary through the acquisition of additional sharesThe voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Research and development support in the electrochemical field, particularly in fuel cells and electrolysis ・Design and manufacture of cells, stacks and MEAs ・Testing and evaluation, contract research and joint development ・Design, manufacture and sale of various testing equipment
The impact on consolidated results will be immaterial.
| Item | Details |
|---|---|
| Transaction name | Conversion into a consolidated subsidiary through the acquisition of additional shares |
| Counterparty name | 3 individual shareholders |
| Name of the Subject Company | エフシー開発株式会社 |
| Business Description of the Subject Company | Research and development support in the electrochemical field, particularly in fuel cells and electrolysis ・Design and manufacture of cells, stacks and MEAs ・Testing and evaluation, contract research and joint development ・Design, manufacture and sale of various testing equipment |
| Location of the Subject Company | Hitachi, Ibaraki Prefecture |
| Capital Stock of the Subject Company | ¥10 million |
| Date of Establishment of the Subject Company | 10 December 2003 |
| Net Sales of the Subject Company | ¥234 million (fiscal year ended June 2025) |
| Net Assets of the Subject Company | ¥139 million (fiscal year ended June 2025) |
| Acquisition price | The acquisition price of the shares will not be disclosed at the request of each counterparty. |
| Number of shares acquired | 172 shares (number of voting rights: 172) |
| Voting rights ownership percentage | Before 14.0% → after 100.0% |
| Impact on Business Performance | The impact on consolidated results will be immaterial. |
| Date of board resolution | 21 August 2026 |
| Contract Date | 21 August 2026 |
| Execution Date / Effective Date | 21 August 2026 (予定) |
| Valuation methodology | To be determined through discussions with the shareholders, taking into account the results of due diligence conducted by external experts and other factors |
Items this document does not state (15)
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 aims to strengthen its proposal and response capabilities in the electrochemical market, particularly in fuel cells and electrolysis, by combining its sales network and customer base with エフシー開発's research and development capabilities. The Company also expects to create new business opportunities and enhance the value provided to existing customers.