Torishima Pump Mfg. Co., Ltd.
Notice Regarding Acquisition of Shares of Shinnihon Zoki Co., Ltd. (Subsidiary) and Change of a Specified Subsidiary
Torishima Pump Mfg. Co., Ltd. resolved to acquire 17,397,200 shares of Shinnihon Zoki Co., Ltd. for approximately 14.9 billion yen scheduled on July 1, 2026, making it a subsidiary.
Key Figures
- Number of Shares Acquired: 17,397,200 shares (100.0% voting rights ownership)
- Acquisition Price: Approximately 14.9 billion yen (estimated)
- Share Transfer Execution Date: Scheduled for July 1, 2026
AI要約
Overview of M&A
At the board meeting held on February 10, 2026, Torishima Pump Mfg. Co., Ltd. resolved to acquire 17,397,200 shares of Shinnihon Zoki Co., Ltd. from Sumitomo Heavy Industries, Ltd. for approximately 14.9 billion yen, thereby making it a subsidiary. Shinnihon Zoki’s main business is manufacturing and selling steam turbines and process pumps, with consolidated net sales of 19,167 million yen and consolidated operating income of 2,395 million yen for the fiscal year ending December 2025. The acquisition price has been determined based on appraisal by an independent third-party institution to ensure fairness and appropriateness.
Future Outlook and Impact
The share transfer execution date is scheduled for July 1, 2026, and the impact on the fiscal year ending March 2026 results is expected to be minimal. Earnings guidance revisions will be made as necessary. Furthermore, the medium-term management plan “Beyond110” is planned to be promptly reviewed after the completion of the transfer. By integrating the technologies and product portfolios of both companies, we aim to strengthen competitiveness in the global market and enhance corporate value.
