FUJITA CORPORATION Co.,Ltd.
Notice on Acquisition of Shares of an Agricultural Land-ownership Qualified Corporation (Consolidation as a Subsidiary)
The target company will acquire 994 shares of Ichikawa Ranch, holding 40.0% voting rights and 99.4% economic interest. Governance through a dedicated director and compliance with the Agricultural Land Act eligibility requirements aim to consolidate as a subsidiary. Acquisition price about 113 million yen, advisory costs about 26 million yen. A minor impact is expected for the fiscal year ending March 2027.
Key Figures
- 取得株式数: 994株
- 取得価額: 113 百万円
- 経済的持分割合: 99.4%
AI要約
Background and Overview
To strengthen the agri-business in Hokkaido, acquire Ichikawa Ranch shares and pursue consolidation as a subsidiary. To meet the agricultural land Act eligibility, voting rights are set at 40.0%, and economic ownership is configured at 99.4% using non-voting shares (Type A preferred stock). By leveraging the target company's experienced management and raw milk production capacity, the goal is to establish a business succession and a sustainable dairy farming model.
Governance and Outlook
The Company plans to amend the Articles of Incorporation at the target company's extraordinary general meeting, converting 10 ordinary shares into 4 ordinary shares and 990 Type A preferred shares. Subsequently, the company intends to transfer voting rights shares to a prospective officer who will be continuously engaged. Consolidation is judged to meet the criteria for de facto control, and governance support will be provided through a majority-attendance of the board of directors and pre-approval agreements. A minor impact on consolidated earnings for the FY2027 is expected.
Fuji-Ta Corporation Ltd.
Company overview · Stock price · Financial data · All IR
