Hoshizaki Corporation
Notice Regarding Additional Acquisition of Shares in Consolidated Subsidiary
Hoshizaki Corporation will additionally acquire 13,530,479 shares of ARICO, a consolidated subsidiary, increasing its ownership ratio from 51% to 99.616%. The acquisition is scheduled around June 2026.
Key Figures
- Number of Shares Additionally Acquired: 13,530,479 shares (increasing voting rights ownership from 51% to 99.616%)
- Scheduled Acquisition Period: Around June 2026
- ARICO Capital: 278,311,200 thousand Vietnamese dong (1,669 million yen)
AI要約
Overview of Additional Share Acquisition
Hoshizaki Corporation has resolved to additionally acquire shares in its consolidated subsidiary ASIA REFRIGERATION INDUSTRY JOINT STOCK COMPANY (ARICO) through its consolidated subsidiary HOSHIZAKI SOUTHEAST ASIA HOLDINGS PTE. LTD., raising its ownership ratio from 51% to 99.616%. The number of shares to be acquired is 13,530,479, with the acquisition scheduled around June 2026. ARICO is located in Vietnam and engages in the manufacturing and sales of commercial and industrial freezers and food processing equipment. This additional acquisition aims to strengthen governance, expedite decision-making, and integrate business strategies.
Outlook and Impact
This additional acquisition will be accounted for as a transaction with non-controlling interests based on accounting standards for business combinations. In the financial statements for the fiscal year ending December 2026, the difference between non-controlling interests and the acquisition cost will reduce capital surplus. No impact is expected on the consolidated income statement. The acquisition is expected to contribute to strengthening manufacturing bases and business expansion in the Southeast Asia region, supporting the growth strategy of the Hoshizaki Group.
Hoshizaki Corporation
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