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Full-year forecast for the fiscal year ending December 2026 is unchanged. Acquisition of shares of Miura Electronics and change in consolidation scope were executed, making the company a wholly owned subsidiary, and an absorption-type merger effective January 1, 2027 was announced. Equity ratio is 74.8% and net assets are 71,204 million yen. Dividend forecast remains conservative.","jir_summary":"### Summary of Performance\nDaiwa Ltd. recorded net sales of 36,460 million yen, operating income of 5,299 million yen, ordinary income of 5,423 million yen, and quarterly net income attributable to owners of parent of 3,622 million yen for the third quarter of the fiscal year ending December 2026. On a consolidated balance sheet basis, total assets were 95,143 million yen, net assets were 71,204 million yen, and the equity ratio remained at 74.8%. In this quarterly financial report, Daiwa Ltd. newly included Miura Electronics Co., Ltd. within the scope of consolidation, completed making it a wholly owned subsidiary, and announced plans to carry out an absorption-type merger. The current fiscal year forecast remains unchanged; the company will continue passing through higher logistics and raw material costs while advancing the build-out of comprehensive support systems for kitchen equipment.\n\n### M&A\/Integration and Outlook\nDaiwa Ltd. acquired shares of Miura Electronics to expand its consolidation scope and plans an absorption-type merger effective on or after January 1, 2027. The acquisition consideration is 533 million yen in cash, with acquisition cost recognized as 532 million yen (presented as 533 thousand yen). Provisional accounting for goodwill and other items is in progress. Post-merger organizational integration will promote unification of development, manufacturing and quality control to enhance medium- to long-term corporate value. The absorption-type merger will be implemented with Daiwa Ltd. as the surviving company and Miura Electronics disappearing as a separate legal entity, with no increase in capital stock or capital surplus.","jir_financial_highlights":"Net Sales: 36,460 million yen (Year-over-Year Unknown)\nOperating Income: 5,299 million yen (Year-over-Year Unknown)\nOrdinary Income: 5,423 million yen (Year-over-Year Unknown)\nQuarterly Net Income Attributable to Owners of Parent: 3,622 million yen (Year-over-Year Unknown)\nEquity Ratio: 74.8% (Unknown)","jir_category":"","jir_hashtags":"#DaiwaLtd, #Earnings, #MiuraElectronics, #AbsorptionMerger","jir_key_figures":"Net Sales: 36,460 million yen\nOperating Income: 5,299 million yen\nOrdinary Income: 5,423 million yen","jir_meta_title":"Daiwa Ltd. Third Quarter Financial Summary and Announcement of Absorption Merger with Miura Electronics\uff5cNovember 10, 2026","jir_meta_description":"Daiwa Ltd. announced its third quarter results for the fiscal year ending December 2026: net sales of 36,460 million yen and operating income of 5,299 million yen. The company revealed plans to make Miura Electronics a wholly owned subsidiary and proceed with an absorption-type merger. Full-year forecast unchanged; equity ratio 74.8% and a stable cash position support efforts to maximize long-term value.","jir_og_title":"Daiwa Ltd. Third Quarter Results and Announcement of Absorption Merger","jir_og_description":"Third quarter results include net sales of 36,460 million yen and announcement to make Miura Electronics a wholly owned subsidiary and proceed with an absorption-type merger. Full-year forecast unchanged; equity ratio 74.8%.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16806,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-146464","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n