Hanwa Co., Ltd.
Notice Regarding Acquisition of All Interests in Associated Steel Group, LLC (Consolidation) and Capital Increase of Consolidated Subsidiary
Acquisition of all interests in US ASG to become a consolidated subsidiary. HAMCO capital increase executed, total investment amount of about 226 million USD. Ownership stake becomes 50.1% for Sankyo Kogyo (Sanko) and 49.9% for DBJ, with the capital structure after the capital increase resulting in Sankyo Kogyo owning 100%. The impact for the fiscal year ending March 2027 is not disclosed and is currently under review.
Key Figures
- Total investment: 226 million USD
- Capital increase amount: 235,000 thousand USD
- Shareholding ratio: 50.1％
- Post‑increase capital stock: 275,000 thousand USD
- Date of share transfer: August 31, 2026
- Date of contract signing: June 29, 2026
- ASG consolidation: August 31, 2026
AI要約
Section Heading
This release centers on acquiring all equity interests in US Associated Steel Group, LLC (ASG) and completing Sankyo Kogyo’s consolidation as a subsidiary. The acquisition was conducted with joint investment by DBJ, with 50.1% acquired by Sankyo Kogyo through HAMCO and 49.9% by DBJ. ASG becomes a consolidated subsidiary, with total investment amount set at 226 million USD. Additionally, ASG underwent a capital increase, with the increase amount of 235,000 thousand USD, resulting in a post-increase capital stock of 275,000 thousand USD and ownership at 100%.
Section 2 Heading
Regarding the impact on future performance, the effect on consolidated results is not included in the fiscal year ending March 2027 forecast and is under review. The impact of the capital increase on the 2027 fiscal year is currently unknown, and any additional disclosures will be promptly announced if necessary.
Hanwa Co., Ltd.
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