FTSVA has entered into a share transfer agreement to acquire 100% of FLH shares for approximately 140.3 billion JPY. A public offering is scheduled within approximately 16.8 billion JPY.<\/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":"6890","jir_company_name":"Pellotec Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-04-30","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/6890-20260430-01.pdf","jir_short_summary":"FTSVA has entered into a share transfer agreement to acquire 100% of FLH shares for approximately 140.3 billion JPY. A public offering is scheduled within approximately 16.8 billion JPY.","jir_summary":"### Overview of M&A\nOur Chinese parts cleaning business subsidiary, FTSVA, has entered into a share transfer agreement to acquire 100% of the shares of power semiconductor substrate manufacturing subsidiary FLH. As acquisition consideration, FTSVA will issue its shares and convertible bonds to FLH's shareholders, and plans to conduct a public offering. The valuation of FLH\u2019s shares is 6.55 billion CNY (approximately 140.3 billion JPY) based on a third-party valuation company. The convertible bonds have a 4-year maturity, 0.01% interest rate, and contain a mandatory conversion clause.\n\n### Impact on Shareholders and Profit Compensation Agreement\nIn conjunction with this transaction, when FTS transfers FLH shares, a profit compensation agreement will be signed with FTSVA. If FLH's profit performance over three years falls below the promised target, FTS will compensate by repurchasing the shares. The public offering subscription amount is within approximately 16.8 billion JPY, and the funds will be allocated to projects such as developing high-performance silicon nitride ceramic substrates. Following the transaction, FTSVA\u2019s equity stake is expected to change from 50.24% to 51.46%.","jir_financial_highlights":"Valuation of FLH shares: 6.55 billion CNY (approx. 140.3 billion JPY) (Unknown)\nFTSVA public offering subscription amount: 782.5938 million CNY (within approx. 16.8 billion JPY) (Unknown)\nFTSVA convertible bonds issue price: 16.3 CNY (approx. 349 JPY) (Unknown)","jir_category":"","jir_hashtags":"#PellotecCorporation, #M&A, #CapitalAlliance, #JapaneseStocks","jir_key_figures":"Valuation of FLH shares: 6.55 billion CNY (approx. 140.3 billion JPY)\nFTSVA public offering subscription amount: 782.5938 million CNY (within approx. 16.8 billion JPY)\nFTSVA convertible bonds issue price: 16.3 CNY (approx. 349 JPY), 4-year maturity, interest rate 0.01%","jir_meta_title":"[Pellotec] Acquisition of Shares in Power Semiconductor Substrate Manufacturing Subsidiary by Chinese Subsidiary\uff5cApril 2026","jir_meta_description":"Pellotec Corporation's Chinese subsidiary FTSVA acquires 100% shares of power semiconductor substrate manufacturing subsidiary FLH for approximately 140.3 billion JPY. A public offering within approximately 16.8 billion JPY is planned.","jir_og_title":"[Pellotec] Chinese Subsidiary Acquires Shares of Power Semiconductor Substrate Manufacturing Subsidiary\uff5cApril 2026","jir_og_description":"Pellotec Corporation\u2019s subsidiary FTSVA acquires FLH shares. Valuation approximately 140.3 billion JPY, with a planned public offering of approx. 16.8 billion JPY.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8880,"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-43937","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n