Midac Holdings Co., Ltd.
Notice Regarding Subsidiarization through Share Acquisition
On April 3, 2026, Midac Holdings Co., Ltd. acquired all 60 shares of Enoken Kogyo Co., Ltd., making it a subsidiary. The acquisition price is undisclosed, and the impact on earnings is expected to be minimal.
Key Figures
- Number of Shares Acquired: 60 shares (100.0% voting rights ownership)
- Share Transfer Agreement Signing Date: 2026-04-03
- Capital: 3,000 thousand yen (Enoken Kogyo Co., Ltd.)
AI要約
Overview of M&A
Midac Holdings Co., Ltd. resolved to acquire all shares of Enoken Kogyo Co., Ltd. on April 3, 2026, thereby making it a subsidiary. Enoken Kogyo is located in Makinohara City, Shizuoka Prefecture, primarily engaged in operating stable-type final disposal sites as a waste disposal company. This share acquisition aims to support Enoken Kogyo with its succession issues through a supportive M&A, enhance the market share of stable-type landfill sites within Shizuoka Prefecture, and extend the lifespan of final disposal sites. The acquisition price is not disclosed as it does not meet disclosure criteria but was agreed upon based on a reasonable evaluation by a third-party institution.
Outlook and Impact
The impact on the Company's consolidated earnings from this transaction is expected to be minimal. As part of its growth strategy, the Company is also considering expanding processing capacity to accept waste from the Kanto region and establishing new stable-type final disposal sites. In line with the Midac Group's 10-year vision 'Challenge 80th,' the Company intends to accelerate proactive M&A promotion and growth investments. The Company will promptly make public any matters that require disclosure in the future.
