Daito Trust Construction Co.,Ltd.
Notice of Contract Conclusion Regarding Shares of Equity-Method Affiliate (Solasto Co., Ltd.)
Daito Trust Construction Co., Ltd. will transfer its 31,805,100 shares of Solasto Co., Ltd. (35.07% voting rights) for approximately 24.68 billion yen and expects to be removed from equity-method affiliates around August 2026.
Key Figures
- Number of shares transferred: 31,805,100 shares (35.07% voting rights)
- Transfer value: 24,680 million yen
- Expected recording of special profit: Approximately 10 billion yen (scheduled around August 2026)
AI要約
Overview of the Transaction
Daito Trust Construction Co., Ltd. has entered into a contract to transfer its 31,805,100 shares of Solasto Co., Ltd. (35.07% voting rights) to the tender offeror related to a tender offer conducted by a fund affiliated with MBK Partners. The transfer price is 24,680 million yen, with the transfer execution scheduled around August 2026. As a result, Solasto will no longer be an equity-method affiliate of the Company, and the capital and business alliance agreement will also be terminated.
Future Outlook and Use of Proceeds
The Company expects to record a special profit of approximately 10 billion yen from the share transfer. The proceeds from the transfer will be partially allocated as strategic investment funds for the real estate development business and overseas business, which are key focus areas in the medium-term management plan covering fiscal years 2024 to 2026. The Company will promptly disclose any necessary revisions to earnings guidance or other material matters.
