ES-CON JAPAN Ltd.
Notice of Completion of Share Acquisition and Consolidation of Kitahama Realty as a Subsidiary by ES-CON JAPAN Ltd.
In accordance with the policy announced on March 19, 2026, Kitahama Realty Co., Ltd. has been consolidated as a subsidiary. The new subsidiary trade name is Kitahama Realty. Changes in directors have been made. Acquisition price: 11,088 million yen; estimated incidental expenses: 36 million yen; total: 11,124 million yen. The impact on consolidated results for the fiscal year ending March 2027 has been factored in.
Key Figures
- Acquisition price: 11,088 million yen
- Total acquisition amount: 11,124 million yen
- New consolidated subsidiary: Kitahama Realty Co., Ltd. (100%)
AI要約
Overview of Consolidation as a Subsidiary
Today, the share acquisition procedure to make Kitahama Realty Co., Ltd. a consolidated subsidiary of the Company has been completed. The trade name was changed to Kitahama Realty effective August 1, 2026. The company's location and business activities are real estate sale, leasing, brokerage, and management. Number of shares acquired: 1,800 shares; ownership ratio: 100%; acquisition price: 11,088 million yen; estimated incidental expenses: 36 million yen; total amount: 11,124 million yen. The valuation was confirmed as reasonable based on financial due diligence.
Organization and Future Outlook
The newly appointed Representative Director is Yoshiaki Komatsu. Newly appointed directors are Takatoshi Ito, Minoru Nakanishi, and Bunzo Takada. Hiroyuki Suzuki will serve as the newly appointed corporate auditor. The acquisition has been incorporated into the consolidated earnings forecasts for the fiscal year ending March 2027. The integration process and realization of business synergies will likely be the focus for investors going forward.
ES-CON JAPAN Ltd.
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