Phan Vu acquired an additional 954,415 shares of TDLA, raising its voting rights from 45.9% to 52.2%, deciding to make it a consolidated subsidiary. Acquisition price is undisclosed. Acquisition scheduled after approval in May 2026.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"5288","jir_company_name":"Asia Pile Holdings Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-24","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/5288-20260424-01.pdf","jir_short_summary":"Phan Vu acquired an additional 954,415 shares of TDLA, raising its voting rights from 45.9% to 52.2%, deciding to make it a consolidated subsidiary. Acquisition price is undisclosed. Acquisition scheduled after approval in May 2026.","jir_summary":"### Overview of M&A\nAsia Pile Holdings Co., Ltd. has decided that its consolidated subsidiary, Phan Vu Investment Corporation, will acquire additional shares of Thu Duc Long An Centrifugal Concrete Joint Stock Company (TDLA), an equity method associate, raising its voting rights from 45.9% to 52.2%, thereby making TDLA a consolidated subsidiary. The number of shares acquired is 954,415, and the acquisition price is undisclosed. TDLA manufactures and sells centrifugally formed concrete products and recorded a loss for the fiscal year ending December 2025; however, this deficit is attributed to a one-time provision for long-term overdue receivables.\n\n### Outlook and Impact\nThe share acquisition is scheduled to be executed after obtaining approval from the Vietnam National Competition Commission, expected after May 2026. The impact on the consolidated results for the fiscal year ending March 2027 is currently under review and will be promptly disclosed if necessary. This subsidiarization aligns with the company's medium-term management plan aimed at expanding production capacity and market share in Vietnam, as part of its strategy to strengthen overseas operations.","jir_financial_highlights":"Number of Shares Acquired: 954,415 shares (Voting rights increased from 45.9% to 52.2%)\nAcquisition Price: Undisclosed (Unknown)\nTDLA Sales (Fiscal Year ending December 2025): 433 billion VND (2,583 million JPY) (Year-over-year decrease)\nTDLA Operating Income (Fiscal Year ending December 2025): \u25b3122.9 billion VND (\u25b3733 million JPY) (Turned to deficit)\nTDLA Net Income (Fiscal Year ending December 2025): \u25b3123.7 billion VND (\u25b3738 million JPY) (Turned to deficit)","jir_category":"","jir_hashtags":"#AsiaPileHoldings, #M&A, #JapaneseStocks","jir_key_figures":"Number of Shares Acquired: 954,415 shares (Voting rights increased to 52.2%)\nTDLA Sales (Fiscal Year ending December 2025): 433 billion VND (2,583 million JPY)\nTDLA Operating Income (Fiscal Year ending December 2025): \u25b3122.9 billion VND (\u25b3733 million JPY)","jir_meta_title":"[Asia Pile Holdings] Additional Acquisition of TDLA Shares Leads to Subsidiarization\uff5cApril 2026","jir_meta_description":"Asia Pile Holdings, through its consolidated subsidiary Phan Vu, has acquired an additional 954,415 shares of TDLA, raising voting rights to 52.2% and making TDLA a consolidated subsidiary. Acquisition price is undisclosed; acquisition scheduled after May 2026.","jir_og_title":"[Asia Pile Holdings] Additional Acquisition of TDLA Shares Leads to Subsidiarization","jir_og_description":"Phan Vu has acquired additional shares of TDLA, making it a consolidated subsidiary. Acquisition is planned after May 2026, with the impact on earnings currently under review.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17270,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-42521","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n