Toyo Seikan Group Holdings, Ltd.
Notice of Share Transfer Agreement Concerning a Consolidated Subsidiary (Sub-subsidiary)
Toyo Seikan Group Holdings has entered into an agreement on February 27, 2026, to transfer 4,662,000 shares (25.9% voting rights) of Bangkok Can Manufacturing Co., Ltd., held by its consolidated subsidiary Toyo Seikan Kaisha, Ltd., to BG Container Glass Public Company Limited for approximately JPY 3,798 million, with execution planned for April 30, 2026.
Key Figures
- Number of Shares Transferred: 4,662,000 shares (25.9% voting rights)
- Transfer Price: THB 788 million (JPY 3,798 million)
- Transfer Execution Date: 2026-04-30 (Scheduled)
AI要約
Overview of Share Transfer
Toyo Seikan Kaisha, Ltd., a consolidated subsidiary of Toyo Seikan Group Holdings, Ltd., concluded an agreement on February 27, 2026, to transfer 4,662,000 shares (equivalent to 25.9% voting rights) of its consolidated subsidiary Bangkok Can Manufacturing Co., Ltd. (BCM) to BG Container Glass Public Company Limited (BGC). The transfer price is THB 788 million (approximately JPY 3,798 million), and the transaction is scheduled to be executed on April 30, 2026. BCM is a Thai company engaged in the manufacturing and sales of beverage cans, and this transfer is expected to exclude BCM from the scope of consolidation within the Toyo Seikan Group.
Background and Future Outlook of the Transfer
This share transfer was conducted in response to BGC's intention to acquire a majority stake in BCM, aiming to strengthen its business foundation in Thailand. Following the transfer, Toyo Seikan Kaisha, Ltd.'s shareholding ratio in BCM will decrease from 74.9% to 49.0%. The impact on future consolidated earnings is currently under review, and any matters requiring disclosure will be promptly announced. The consolidated earnings forecast for the fiscal year ending March 2026 remains sales of JPY 960,000 million, operating income of JPY 45,000 million, and net income attributable to owners of parent of JPY 49,000 million.
