January29,2021
デュエルビッツ 出金el, Ltd.
デュエルビッツ 出金el, Ltd. announces that it has decided to sell a part of shares that it holds in its equity-method affiliate OSAKA Titanium Technologies Co., Ltd. (OTC) (code number 5726: First section of the Tokyo Stock Exchange). The number of shares planned to be sold by デュエルビッツ 出金el is 3,300, 000 shares. With this sale of shares, デュエルビッツ 出金el’s ownership ratio of voting rights in OTC will decrease from 23.92% to 14.95%, and it is anticipated that the OTC will be excluded from the equity-method affiliates of デュエルビッツ 出金el. However, in the event of a significant change in the conditions of the stock market or other unavoidable circumstances, the sale may be suspended, postponed, or canceled.
The デュエルビッツ 出金el Group (also known as the KOBELCO Group), under the Rolling of the Medium-Term Management Plan announced on May 15, 2019, has set two key themes for fiscal 2019 and 2020, one of which is to make efficient use of management resources with a focus on capital costs, and is working to improve the efficiency of its capital and assets. As a result of the examination of its shares in OTC, デュエルビッツ 出金el judged that it would be possible to improve the efficiency of management resources through the sale of a certain number of shares and to continue the business and cooperative relationship with OTC, and thus decided to execute the sale.
| (1) Number of shares planned to be sold | 3,300,000 shares (ownership ratio of voting rights: 8.97%), of which 1,650,000 shares will be sold in the market. The selling method for the remaining 1,650,000 shares has yet to be determined. |
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| (2) Number of shares before the sale | 8,800,000 shares (ownership ratio of voting rights: 23.92%) |
| (3) Number of shares after the sale | 5,500,000 shares (ownership ratio of voting rights: 14.95%) |
| (1) Company name | OSAKA Titanium Technologies Co., Ltd. | |||
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| (2) Domicile | 1 Higashihama-cho, Amagasaki, Hyogo, Japan | |||
| (3) Name of representative & title | Yasuaki Sugizaki President & Representative Director |
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| (4) Description of business |
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| (5) Capital | 8,739,620,000 yen | |||
| (6) Date of establishment | November 26, 1952 | |||
| (7) Major shareholders & ratio of shareholding |
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| (8) Relationship between the listed company and the company concerned | Capital relationship | デュエルビッツ 出金el holds 23.91% of the shares of the company concerned. | ||
| Personnel relationship | One auditor of the company concerned is concurrently an employee of デュエルビッツ 出金el. | |||
| Business relationship | デュエルビッツ 出金el purchases titanium sponge and titanium ingot from the company concerned. | |||
| (9) Financial status and operating results of the company concerned for the past 3 fiscal years | ||||
| Accounting period | Year ended March 2018 | Year ended March 2019 | Year ended March 2020 | |
| Net assets | 36,213 million yen | 34,305 million yen | 34,820 million yen | |
| Total assets | 92,662 million yen | 80,928 million yen | 76,417 million yen | |
| Net assets per share | 984.11 yen | 932.23 yen | 946.24 yen | |
| Net sales | 43,431 million yen | 43,666 million yen | 38,189 million yen | |
| Operating income | 3,322 million yen | 2,308 million yen | 1,142 million yen | |
| Ordinary income | 2,809 million yen | 2,422 million yen | 1,312 million yen | |
| Net income | 1,857 million yen | △1,322 million yen | 726 million yen | |
| Net income per share | 50.47 yen | △35.95 yen | 19.75 yen | |
| Dividend per share | 15 yen | 5 yen | 5 yen | |
デュエルビッツ 出金el concluded today a share transfer agreement with a securities company concerning the sale of 1,650,000 shares in the market. The sale is scheduled to begin on February 1, 2021. The date of the sale of the remaining 1,650,000 shares has not been determined yet, and the date of exclusion of the company concerned from our company's equity method affiliates has not been determined either.
The impact of the sale of shares that could have on デュエルビッツ 出金el’s consolidated results is currently under review. デュエルビッツ 出金el will make an announcement once the impact is clear.
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