Autobacs Seven Co., Ltd.
Notice Regarding Transfer of a Specific Subsidiary (Share Transfer)
Announces the start of the process to transfer all shares of AUTOBACS FRANCE to FairCap. The transfer is conditioned on completion of consultations with the employees’ representative body, and a put option agreement is executed. The transfer consideration is 1 euro, with the transfer execution planned for the 3Q of 2027. In the interim, deferred tax assets will be recognized, and the full-year forecast will be revised.
Key Figures
- Transfer shares: 3,530,000 shares (planned)
- Transfer consideration: 1 euro
- Post-transfer ownership: 0 shares
- Deferred tax assets and corporate tax adjustments (gain): approximately 4.5 billion yen
- Approximately 2.3 billion yen to be recognized as a special loss from business restructuring
AI要約
Section Heading
As an overview of the transfer of a specific subsidiary, we announce that all shares of AUTOBACS FRANCE S.A.S. will be transferred to FairCap Group. The transfer is conditioned on completion of consultations with the employees’ representatives under French law, and the transfer agreement is to be executed after these consultations. The transfer aims to shift the global strategy and optimize capital resources.
Section 2 Heading
Specific transfer terms include 3,530,000 shares (100%) to be transferred, with a transfer consideration of 1 euro. The transfer is planned to be executed in the 3Q of the fiscal year ending March 2027, but the consultations with the French employees’ representatives are expected to take up to about three months. Going forward, in the interim period of the 2027 fiscal year, approximately 4.5 billion yen in deferred tax assets and corporate tax adjustments will be recognized, and approximately 2.3 billion yen will be recognized as a special loss from business restructuring, with revisions to the full-year earnings guidance planned.
AUTOBACS Seven Co., Ltd.
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