TOKAI Holdings Corporation
Notice Regarding Acquisition of Shares of Taft Hydroenergy Corporation (Becoming a Consolidated Subsidiary)
TOKAI Corporation plans to acquire 520,000,000 shares (40.0% voting rights) of Taft Hydroenergy Corporation to make it a consolidated subsidiary. The acquisition price is undisclosed. Execution planned for June 2026.
Key Figures
- Number of Shares Acquired: 520,000,000 shares (40.0% voting rights acquired)
- Acquisition Price: Undisclosed (due to confidentiality obligations)
- Taft Hydroenergy Net Sales (Fiscal Year Ending December 2024): 220,892,968 Philippine Pesos
AI要約
Overview of the M&A
TOKAI Holdings Corporation, through its wholly owned subsidiary TOKAI Corporation, resolved to acquire 520,000,000 shares (40.0% voting rights) of Taft Hydroenergy Corporation in the Philippines, thereby making it a consolidated subsidiary. Taft Hydroenergy operates approximately 15MW of run-of-river hydroelectric power plants, aiming to strengthen profitability in the renewable energy sector and enhance overseas expansion. The acquisition price is not disclosed due to confidentiality obligations but has been determined based on reasonable standards. The share transfer is scheduled for execution in June 2026.
Outlook and Impact
Through this share acquisition, the Company will obtain management control of Taft Hydroenergy, which will become a consolidated subsidiary. Repower Energy Development Corporation holds 40% of Taft Hydroenergy's shares, and will continue cooperation as an equity-method affiliate of the Group. The impact of this transaction on the consolidated financial results for the fiscal year ending March 2026 is assessed to be minor.
TOKAI Holdings Corporation
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