Penta-Ocean Construction Co., Ltd.
Notice Regarding Capital Contribution in Kind to Consolidated Subsidiary (Change in Specified Subsidiary)
Consolidated subsidiary Japan Offshore Marine Co., Ltd. makes a capital contribution in kind of approximately 7.4 billion yen to its wholly-owned subsidiary JOMDK, which will become a specified subsidiary.
Key Figures
- Capital Increase Amount: 40,326,321 euros (7,412,784,306 yen) (planned)
- Capital After Increase: 40,331,701 euros (approx. 7.4 billion yen) (planned)
- Ownership Ratio After Increase: Japan Offshore Marine Co., Ltd. 100%
AI要約
Overview of Capital Contribution in Kind
Japan Offshore Marine Co., Ltd. (JOM), a consolidated subsidiary of Penta-Ocean Construction Co., Ltd., has resolved to make a capital contribution in kind of the receivables it holds to its wholly-owned subsidiary Japan Offshore Marine DK ApS (JOMDK). As a result, JOMDK’s capital will be increased to approximately 7.4 billion yen, and JOMDK will become a specified subsidiary of the Company. JOMDK’s business involves owning and leasing offshore wind service vessels and is based in Denmark.
Outlook and Impact
At present, this transaction will have no impact on the current fiscal period’s performance; however, if any impact on results arises in the future, it will be promptly disclosed. The capital increase is scheduled for March 2026, with the yen conversion using an exchange rate of 1 euro = 183.82 yen.
Penta-Ocean Construction Co., Ltd.
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