Heiwa Corporation
Notice on Acquisition of Shares of Kitakyushu Golf Co., Ltd. by Our Consolidated Subsidiary (Becoming a Grandchild Company)
Consolidated subsidiary Pacific Golf Management Co., Ltd. acquires all 200 shares of Kitakyushu Golf Co., Ltd., making it a grandchild company. Acquisition price is less than 2% of consolidated net assets. Scheduled acquisition date is 2026-06-01.
Key Figures
- Number of Shares Acquired: 200 shares (100% Ownership)
- Acquisition Price: Not Disclosed (Less than 2% of Consolidated Net Assets)
- Target Golf Course Sales (Fiscal Year Ending March 2025): 367 million yen
AI要約
Overview of M&A
Pacific Golf Management Co., Ltd. (PGM), a consolidated subsidiary of Heiwa Corporation, resolved to acquire all 200 shares of Kitakyushu Golf Co., Ltd., which succeeded the business of Setabanomori Kitakyushu Golf Course managed by Diatrix Co., Ltd., thereby making it a grandchild company. The acquisition price is not disclosed, but is less than 2% of consolidated net assets, with the acquisition scheduled for 2026-06-01. Through this, the Heiwa Group aims to expand the number of golf courses owned and strengthen its earnings base.
Outlook and Impact
The impact on consolidated earnings from this share acquisition is expected to be minimal. Kitakyushu Golf Co., Ltd., scheduled to be established in April 2026, has shown a declining trend in sales over the past three fiscal years but is anticipated to contribute to the overall expansion of the Group’s golf business. After the acquisition, the Group will work towards building a stable earnings foundation.
