TOKYO, Apr 14 (Pulse News Wire) – EBARA CORPORATION (6361.T) announced today that its board of directors decided to transfer its shares in Watering Co., Ltd. to Infrastructure Firm Ronia/Hoorudingusu Kabushiki Kaisha.
The decision was made due to changes in the business environment, such as the expansion of water PPP projects and aging infrastructure requiring updates. Watering Co., Ltd. had a capital of ¥5.500 billion as of December 31, 2025, established on April 1, 1977. As of March 31, 2025, EBARA held 100% of Watering's outstanding shares, representing a total of 1,000,000 shares. The transfer price is set at ¥30.40 billion per share, resulting in a total transaction value of 1,000,000. Following the transfer, EBARA will hold no shares in Watering.
Infrastructure Firm Ronia/Hoorudingusu Kabushiki Kaisha has a capital of ¥20.00 billion as of December 31, 2025, and was founded on October 1, 2021. Its major shareholders include Sumitomo Real Estate Co., Ltd. with a holding ratio of 3.09%, and others. The transfer is scheduled to take place on July 1, 2026. The impact on EBARA’s consolidated earnings for the fiscal year ending December 2026 will be reflected through gains from the sale of investment accounted for under the equity method and related-party stock sales. However, the precise figures and their effect on the overall performance remain under review.
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