Kanadevia Corporation
Notice Regarding Change in Consolidated Subsidiary Due to Stock Transfer
Kanadevia Corporation has resolved to transfer all 886,400 shares of its wholly owned subsidiary V-Tech Co., Ltd. to KITZ Corporation for 9,198 million yen, with the transfer scheduled for June 1, 2026.
Key Figures
- Number of shares transferred: 886,400 shares (100% voting rights)
- Transfer price: 9,198 million yen
- Estimated special profit in individual financial statements: Approx. 7.3 billion yen (First quarter of fiscal year ending March 2027)
AI要約
Overview of Stock Transfer
Kanadevia Corporation resolved at the Board of Directors meeting on March 26, 2026, to transfer all 886,400 shares (100% voting rights) of its wholly owned subsidiary V-Tech Co., Ltd. to KITZ Corporation. The transfer price is 9,198 million yen, and the transfer is scheduled for execution on June 1, 2026. V-Tech specializes in the development and manufacturing of special valves and plays a critical role in the semiconductor and FPD fields.
Reasons for Transfer and Future Impact
The background for this transfer is business structure reform and portfolio optimization under Kanadevia's medium-term management plan “Forward 25.” To ensure sustainable growth and strengthen technological development capabilities of V-Tech, KITZ, the largest company in the valve industry, was deemed the most suitable transferee. The transfer is expected to record an estimated special profit of approximately 7.3 billion yen in the individual financial results for the first quarter of fiscal year ending March 2027. The impact on consolidated earnings is currently being examined and will be promptly disclosed as necessary.
