Heavy Equipment & Construction Machinery Rental and Sales (Hokkaido, Share Transfer)

1. Industry: Construction machinery sales and leasing, civil engineering construction (the real estate business is separated and excluded via corporate split) 2. Location: Sapporo suburbs 3. Financial Information: - Income Statement [2023] Revenue: ¥885 million (including approx. ¥45 million in real estate revenue), Adjusted EBITDA: ¥231 million (of which ¥37 million from real estate), Depreciation: ¥221 million [2024] Revenue: ¥1,055 million (including approx. ¥45 million in real estate revenue), Adjusted EBITDA: ¥218 million (of which ¥37 million from real estate), Depreciation: ¥214 million [2025] Revenue: ¥901 million (including approx. ¥45 million in real estate revenue), Adjusted EBITDA: ¥275 million (of which ¥37 million from real estate), Depreciation: ¥234 million - Balance Sheet Items [2025] Total assets: ¥1,278 million, Cash and deposits: ¥73 million, Interest-bearing debt: ¥166 million, Net assets at market value: ¥397 million 4. Employees: Representative plus 3 others 5. Business Overview: - Owns a large fleet of heavy equipment and trucks. - 70% of revenue comes from leasing. - Vehicle sales. A little over 20% is civil engineering work. - For some of the heavy equipment manufacturers handled, the company is the sole sales agent in Hokkaido. - Although the effective operating period is 6-7 years, sales have been stable every term. Current sales top out at around ¥1 billion, but further sales growth is possible. 6. Acquisition Price: ¥400 million + brokerage fee (Lehman formula on total assets at market value) 7. Transfer Scheme: Share transfer

2億5,000万円〜5億円

--〜--

--〜--

5億円〜10億円

会社譲渡

3

その他

その他： ・代表は引継後、退任希望ではあるが現職のまま継続も可能。 ・不動産に関しては譲渡する。(会社分割により不動産を切り離し) ・不動産売却した際の事業用不動産(土地)の賃料について応相談。 ・車輌時価については半導体不足による中古車輌値上がりのため簿価の1.5倍～2倍程度。 ・投資額に対して、現状約2～3年程度で投資回収は可能な水準。