Interim report
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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. August 3, 2026 Consolidated Financial Results for the Six Months Ended June 30, 2026 (Under Japanese GAAP) Company name: Daitron Co., Ltd. Listing: Tokyo Stock Exchange Securities code: 7609 URL: https://www.daitron.co.jp/en/ Representative: Shinsuke Tsuchiya, President, CEO & COO Inquiries: Hajimu Mouri, Senior Managing Director & Representative Director, Senior Managing Corporate Officer & Division Manager – Business Administration Tel: +81-6-6399-5041 Scheduled date to file semi-annual securities report: August 7, 2026 Scheduled date to commence dividend payments: September 8, 2026 Preparation of supplementary materials for financial results: Yes Holding of a financial results briefing: Yes (for institutional investors and analysts) (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the six months ended June 30 , 2026 (from January 1, 202 6 to June 30, 2026) （1）Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.) Net sales Operating income Ordinary income Net income attributable to owners of parent Six months ended Millions of yen % Millions of yen % Millions of yen % Millions of yen % June 30, 2026 59,702 22.2 5,045 35.5 5,198 42.3 3,556 39.2 June 30, 2025 48,852 9.1 3,723 40.0 3,651 29.2 2,555 35.6 Note: Comprehensive income For the six months ended June 30, 2026: ¥5,028 million [117.5%] For the six months ended June 30, 2025: ¥2,311 million [(7.8)%] Basic net income per share Diluted net income per share Six months ended Yen Yen June 30, 2026 168.83 – June 30, 2025 119.83 – Notes: 1. Diluted net income per share is not presented, as there are no potential shares. 2. The Company conducted a two -for-one stock split of its common shares effect ive January 1, 2026. Basic net income per share has been calculated on the assumption that the stock split had taken place at the beginning of the previous fiscal year.
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（2）Consolidated financial position Total assets Net assets Equity ratio Net assets per share As of Millions of yen Millions of yen % Yen June 30, 2026 81,625 39,406 48.2 1,865.80 December 31, 2025 79,295 35,586 44.8 1,687.18 Reference: Equity (Shareholders’ equity + Accumulated other comprehensive income) As of June 30, 2026: ¥39,336 million As of December 31, 2025: ¥35,540 million Note: The Company conducted a two -for-one stock split of its common shares effective January 1, 2026. Net assets per share have been calculated on the assumption that the stock split had taken place at the beginning of the previous fiscal year. 2. Dividends Annual dividends per share Q1-end Q2-end Q3-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended December 31, 2025 – 70.00 – 120.00 190.00 Fiscal year ending December 31, 2026 – 55.00 Fiscal year ending December 31, 2026 (forecast) – 65.00 120.00 Notes: 1. Revisions to the forecast of cash dividends most recently announced: Yes 2. The Company conducted a two -for-one stock split of its common shares effective January 1, 2026. For the fiscal years ended December 31, 2025, the actual dividend amounts before the stock split are presented. For the fiscal year ending December 31, 2026 (forecast), the am ounts after the stock split are presented. If the stock split were not taken into account, the forecast annual dividend s per share for the fiscal year ending December 31, 2026 would be ¥240.00. 3. Consolidated earnings forecasts for the fiscal year ending December 31, 202 6 (from January 1, 2026 to December 31, 2026) (Percentages indicate year-on-year changes.) Net sales Operating income Ordinary income Net income attributable to owners of parent Basic net income per share Millions of yen % Millions of yen % Millions of yen % Millions of yen % Yen Full year 118,000 14.4 9,000 28.4 9,150 27.8 6,300 28.0 298.93 Note: Revisions to the earnings forecasts most recently announced: Yes
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* Notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement (i) Changes in accounting policies due to revisions to accounting standards and other regulations: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 21,266,698 shares As of December 31, 2025 21,266,698 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 183,552 shares As of December 31, 2025 201,432 shares (iii) Average number of shares outstanding during the period Six months ended June 30, 2026 21,067,570 shares Six months ended June 30, 2025 21,322,590 shares Note: The Company conducted a two -for-one stock split of its common shares effective January 1, 2026. The total number of issued shares at the end of the period, the number of treasury shares at the end of the period, and the average number of shares outstanding during the period have been calculated on the assumption that the stock split had taken place at the beginning of the previous fiscal year. * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Proper use of earnings forecasts, and other special matters Cautionary statement regarding forward-looking statements Forward-looking statements in this document, including earnings forecasts, are based on information currently available to the Company and on certain assumptions deemed reasonable by the Company, and are not intended as a commitment by the Company to achieve such results. Actual results may differ materially from these forecasts due to various factors. For the assumptions underlying the earnings forecasts and notes on the use of such forecasts, please refer to the attached materials on page 4, “1. Overview of Financial Performance (3) Explanation of Forward-looking Statements such as Consolidated Earnings Forecasts.” How to obtain supplementary materials for financial results and information on the financial results briefing The Company plans to hold an online financial results briefing for institutional investors and analysts on Wednesday, August 5, 2026. The presentation materials to be used on the day will be posted promptly on the Company’s website following the announcement of financial results. Change in unit of presentation for yen amounts Effective from the first quarter ended March 31, 2026 and the three months ended March 31, 2026, the Company has changed the unit of presentation for amounts reported for line items and other disclosures in its semi-annual consolidated financial statements from thousands of yen to millions of yen. For ease of comparison, figures for the previous fiscal year, and the corresponding period of the previous fiscal year have also been restated in millions of yen.
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- 1 - Contents of Attached Materials 1. Overview of Financial Performance………………………………………………………………………....... 2 (1) Overview of Operating Results…….……………………………………………………………………… 2 (2) Overview of Financial Position…………………….……………………………………………………… 3 (3) Explanation of Forward-looking Statements such as Consolidated Earnings Forecasts…………… 4 2. Semi-annual Consolidated Financial Statements and Principal Notes……………………………………. 5 (1) Semi-annual Consolidated Balance Sheets……………………………………………………………. 5 (2) Semi-annual Consolidated Statements of Income and Comprehensive Income…………………... 7 Semi-annual Consolidated Statements of Income…………………...…………………...…………... 7 Semi-annual Consolidated Statements of Comprehensive Income…………………...……………… 8 (3) Semi-annual Consolidated Statements of Cash Flows…………………...…………………………… 9 (4) Notes to Semi-annual Consolidated Financial Statements…………………………………………… 10 Segment information etc.…………………………………………………………………........................ 10 In case of significant changes in the amount of shareholders’ equity………………………………… 11 Going concern assumption………………………………………………………………………………… 11 Subsequent events………………………………………...………...……...………...………...………... 11
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- 2 - 1. Overview of Financial Performance (1) Overview of Operating Results During the six months ended June 30, 2026 (the “period under review”), the Japanese economy showed a moderate recovery, supported by improvements in employment and income conditions, desp ite the impact of rising prices and tensions in the Middle East . Corporate capital investment was robust against the backdrop of labor shortages, and production activity remained firm, although it was affected by persistently high prices for resources and raw materials. As for the global economy, the economy in the United States grew only moderately against the backdrop of uncertainty stemming from a slowdown in the employment situation and tariff policies , although the consumer spending remained strong. In China, the recovery in consumer spending remained sluggish amid prolonged sluggishness of the real estate market , and domestic demand deficiency and oversupply weighed on the economy . In addition, heightened uncertainty persisted amid ongoing geopolitical risks, including the policy trends in the United States, the Ukraine conflict and tensions in the Middle East. In the electronics industry in which the Group operates, capital investment for production of cutting-edge semiconductors and high-performance memory was strong against the backdrop of the growing adoption of generative AI and increased investment in data centers , and the related demand for electronic components and manufacturing equipment was robust. Under these circumstances, based on the basic policy of the 11th Medium-Term Business Plan (FY2024– FY2026), the Group worked to expand sales of original products, grow overseas business, and create new businesses that will serve as new earnings pillars. As a result, for the period under review, the Group recorded net sales of ¥ 59,702 million (up 22.2% year on year), operating income of ¥5,045 million (up 35.5% year on year), ordinary income of ¥5,198 million (up 42.3% year on year), and net income attributable to owners of parent of ¥ 3,556 million (up 39.2% year on year). Overview of segments is as follows. From the first quarter ended March 31, 2026, the Group has changed the names and classification of the product segments under manufacturing equipment, which is included in the Domestic Sales Business and the Global Business. This is to conduct numerical management and information disclosure in accordance with “enhancement of original product development ” and “enhancement of overseas business expansion,” which are our business strategies of the 11th Medium-Term Business Plan. Domestic Sales Business In the electronic equipment & components business, sales increased for connectors and harnesses in electronic components & assembly products, cameras and lenses in automotive image-related equipment & components, and UPS systems for data centers in green facility. In the manufacturing equipment business, sales increased for optical devices, substrate and wafer equipment used in the production of communications devices for data centers. As a result of these factors, both net sales and profit increased compared with the same period of the previous fiscal year. Consequently, net sales in this segment amounted to ¥ 44,452 million ( up 33.1% year on year), and segment profit (operating income) was ¥3,520 million (up 73.3% year on year). Domestic Manufacturing Business In the Components Business Operation engaged in the electronic equipment & components business, sales of specialty connectors increased. In the Equipment Business Operation engaged in the manufacturing equipment business, sales of processing machines for communications devices rose. As a result of these factors, both net sales and profit increased compared with the same period of the previous fiscal year.
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- 3 - Consequently, net sales in this segment, including intersegment sales, amounted to ¥ 7,073 million (up 19.8% year on year). Net sales to external customers were ¥ 2,812 million (up 33.9% year on year), and segment profit (operating income) was ¥831 million (up 73.7% year on year). Global Business In the U.S. market , sales increased for image-related equipment & components in the electronic equipment & components business , while sales of electronic components & assembly products in the electronic equipment & components business , and power devices, substrate and wafer equipment in the manufacturing equipment business declined. In the Chinese market , s ales increased for electronic components & assembly products in the electronic equipment & components business . In the European market, sales declined for electronic parts, semiconductors, substrate and wafer equipment in the manufacturing equipment business . As a result of these factors, both net sales and profit decreased compared with the same period of the previous fiscal year. Consequently, net sales in this segment amounted to ¥ 12,437 million ( down 6.9 % year on year), and segment profit (operating income) was ¥790 million (down 37.6% year on year). (2) Overview of Financial Position (i) Assets, liabilities, and net assets Assets At the end of the period under review, current assets amounted to ¥ 71,340 million, an increase of ¥463 million compared with the end of the previous fiscal year. This was mainly attributable to increases of ¥1,934 million in notes and accounts receivable – trade, and contract assets and ¥1,326 million in work in process, partially offset by decreases of ¥1,046 million in c ash and deposits and ¥1,540 million in electronically recorded monetary claims – operating. Non-current assets amounted to ¥ 10,284 million, an increase of ¥1,866 million compared with the end of the previous fiscal year, mainly due to an increase of ¥1,792 million in investments and other assets. As a result, total assets amounted to ¥ 81,625 million, an increase of ¥2,330 million compared with the end of the previous fiscal year. Liabilities At the end of the period under review, current liabilities amounted to ¥ 38,353 million, a decrease of ¥1,958 million compared with the end of the previous fiscal year. This was mainly attributable to a decrease of ¥ 2,716 million in electronically recorded obligations – operating. Non-current liabilities amounted to ¥3,865 million, an increase of ¥468 million compared with the end of the previous fiscal year. As a result, total liabilities amounted to ¥ 42,219 million, a decrease of ¥1,490 million compared with the end of the previous fiscal year. Net assets At the end of the period under review, total net assets amounted to ¥39,406 million, an increase of ¥3,820 million compared with the end of the previous fiscal year. This was mainly attributable to the recognition of ¥3,556 million in net income attributable to owners of parent and an increase of ¥1,221 million in valuation difference on available-for-sale securities, partially offset by a decrease of ¥1,263 million due to dividends of surplus. As a result, the equity ratio came in at 48.2%, representing a n increase of 3.4 percentage points compared with the end of the previous fiscal year.
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- 4 - (ii) Cash flows At the end of the period under review, cash and cash equivalents (“net ca sh”) amounted to ¥20,041 million, a decrease of ¥603 million compared with the end of the previous fiscal year. The status of cash flows for the period under review and the main contributing factors are as follows. Cash flows from operating activities Net cash provided by operating activities amounted to ¥ 297 million (compared with ¥3,145 million provided in the same period of the previous fiscal year ). Major factors contributing to an increase in net cash included the recognition of income before income t axes of ¥5,197 million, partially offset by a decrease of ¥2,540 million in trade payables and income taxes paid of ¥1,208 million. Cash flows from investing activities Net cash provided by investing activities amounted to ¥ 133 million (compared with ¥ 154 million used in the same period of the previous fiscal year ). The main factor contributing to a n increase in net cash was proceeds from withdrawal of time deposits of ¥949 million, partially offset by payments into time deposits of ¥484 million and purchase of property, plant and equipment of ¥266 million. Cash flows from financing activities Net cash used in financing activities amounted to ¥ 1,221 million (compared with ¥ 2,676 million used in the same period of the previous fiscal year ). The main factor contributing to a decrease in net cash was dividends paid of ¥1,264 million. (3) Explanation of Forward-looking Statements such as Consolidated Earnings Forecasts In light of the financial results for the six months ended June 30 , 2026 , the Company revise d the consolidated earnings forecasts for the full year of the fiscal year ending December 31, 2026 , which had been described in the “Consolidated Financial Results for the Three Months Ended March 31, 2026 ” announced on May 7, 2026. The Company also revised the dividend forecasts. For further details, please refer to the “Notice Concerning Differences Between Consolidated Financial Results Forecasts and Actual Results for the First Half of the Fiscal Year Ending December 31, 2026, Revision to Full-Year Consolidated Financial Results Forecasts, Dividends of Surplus (Interim Dividends), and Revision to the Year-End Dividend Forecast 2026,” announced today (August 3, 2026). The earnings forecasts are determined by the Company based on information available to the Company as of the date of release of this document. Actual results may differ materially from these forecasts due to various factors going forward. Should there be any possibility of revising the earnings forecasts in the future, we will disclose such revisions promptly.
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- 5 - 2. Semi-annual Consolidated Financial Statements and Principal Notes (1) Semi-annual Consolidated Balance Sheets (Millions of yen) As of December 31, 2025 As of June 30, 2026 Assets Current assets Cash and deposits 21,803 20,757 Notes and accounts receivable – trade, and contract assets 19,342 21,277 Electronically recorded monetary claims – operating 10,122 8,581 Merchandise and finished goods 8,369 7,716 Work in process 4,340 5,666 Raw materials 1,109 841 Other 5,791 6,500 Allowance for doubtful accounts (1) (0) Total current assets 70,877 71,340 Non-current assets Property, plant and equipment 4,355 4,401 Intangible assets 409 436 Investments and other assets Other 3,661 5,454 Allowance for doubtful accounts (8) (9) Total investments and other assets 3,652 5,445 Total non-current assets 8,418 10,284 Total assets 79,295 81,625
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- 6 - (Millions of yen) As of December 31, 2025 As of June 30, 2026 Liabilities Current liabilities Notes and accounts payable – trade 11,602 11,876 Electronically recorded obligations – operating 11,403 8,686 Short-term borrowings 258 351 Income taxes payable 1,157 1,602 Provision for bonuses 188 179 Other provisions 63 84 Contract liabilities 13,674 13,566 Other 1,963 2,005 Total current liabilities 40,312 38,353 Non-current liabilities Retirement benefit liability 3,199 3,202 Asset retirement obligations 53 53 Other 143 609 Total non-current liabilities 3,397 3,865 Total liabilities 43,709 42,219 Net assets Shareholders’ equity Share capital 2,200 2,200 Capital surplus 2,487 2,520 Retained earnings 27,946 30,239 Treasury shares (258) (234) Total shareholders’ equity 32,375 34,725 Accumulated other comprehensive income Valuation difference on available-for-sale securities 1,594 2,816 Deferred gains or losses on hedges – (5) Foreign currency translation adjustment 1,042 1,284 Remeasurements of defined benefit plans 527 515 Total accumulated other comprehensive income 3,165 4,611 Non-controlling interests 45 69 Total net assets 35,586 39,406 Total liabilities and net assets 79,295 81,625
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- 7 - (2) Semi-annual Consolidated Statements of Income and Comprehensive Income Semi-annual Consolidated Statements of Income (Millions of yen ) Six months ended June 30, 2025 Six months ended June 30, 2026 Net sales 48,852 59,702 Cost of sales 38,729 47,153 Gross profit 10,123 12,548 Selling, general and administrative expenses 6,399 7,503 Operating income 3,723 5,045 Non-operating income Interest income 2 20 Dividend income 22 29 Subsidy income 42 16 Gain on sale of scraps 1 7 Foreign exchange gains – 57 Miscellaneous income 20 39 Total non-operating income 90 171 Non-operating expenses Interest expenses 12 10 Foreign exchange losses 141 – Miscellaneous losses 8 7 Total non-operating expenses 162 18 Ordinary income 3,651 5,198 Extraordinary income Gain on sale of non-current assets 1 2 Total extraordinary income 1 2 Extraordinary losses Loss on sale and retirement of non-current assets 0 2 Total extraordinary losses 0 2 Income before income taxes 3,653 5,197 Income taxes – current 1,140 1,634 Income taxes – deferred (33) (18) Total income taxes 1,106 1,615 Net income 2,547 3,581 Net income (loss) attributable to non-controlling interests (8) 25 Net income attributable to owners of parent 2,555 3,556
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- 8 - Semi-annual Consolidated Statements of Comprehensive Income (Millions of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Net income 2,547 3,581 Other comprehensive income Valuation difference on available-for-sale securities 55 1,221 Deferred gains or losses on hedges 7 (5) Foreign currency translation adjustment (301) 241 Remeasurements of defined benefit plans 3 (11) Total other comprehensive income (235) 1,446 Comprehensive income 2,311 5,028 Comprehensive income attributable to: Owners of parent 2,320 5,004 Non-controlling interests (9) 24
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- 9 - (3) Semi-annual Consolidated Statements of Cash Flows (Thousands of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Cash flows from operating activities Income before income taxes 3,653 5,197 Depreciation 226 244 Interest and dividend income (25) (49) Interest expenses 12 10 Loss (gain) on sale and retirement of non-current assets (1) 0 Decrease (increase) in trade receivables and contract assets 1,283 (294) Decrease (increase) in inventories (408) (354) Decrease (increase) in advance payments to suppliers 670 (949) Increase (decrease) in trade payables 308 (2,540) Increase (decrease) in contract liabilities (1,274) (123) Increase (decrease) in provisions 26 6 Other, net (324) 313 Subtotal 4,147 1,460 Interest and dividends received 25 55 Interest paid (12) (10) Income taxes paid (1,014) (1,208) Net cash provided by (used in) operating activities 3,145 297 Cash flows from investing activities Payments into time deposits – (484) Proceeds from withdrawal of time deposits – 949 Purchase of property, plant and equipment (80) (266) Proceeds from sale of property, plant and equipment 2 3 Purchase of investment securities (14) (17) Other, net (62) (51) Net cash provided by (used in) investing activities (154) 133 Cash flows from financing activities Net increase (decrease) in short-term borrowings 58 86 Purchase of treasury shares (1,586) (0) Dividends paid (1,109) (1,264) Other, net (39) (42) Net cash provided by (used in) financing activities (2,676) (1,221) Effect of exchange rate change on cash and cash equivalents (241) 186 Net increase (decrease) in cash and cash equivalents 73 (603) Cash and cash equivalents at beginning of period 19,541 20,644 Cash and cash equivalents at end of period 19,614 20,041
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- 10 - (4) Notes to Semi-annual Consolidated Financial Statements Segment information etc. Segment information I For the six months ended June 30, 2025 (January 1, 2025 to June 30, 2025) 1. Information on net sales and profit or loss by reportable segment (Millions of yen) Reportable segment Adjustments (Note 1) Amount recorded in semi-annual consolidated statements of income (Note 2) Domestic Sales Business Domestic Manufacturing Business Global Business Total Net sales Electronic equipment & components 27,891 2,085 6,249 36,227 – 36,227 Manufacturing equipment 5,506 14 7,104 12,625 – 12,625 Revenue from contracts with customers 33,398 2,100 13,354 48,852 – 48,852 Other revenues – – – – – – Net sales to external customers 33,398 2,100 13,354 48,852 – 48,852 Intersegment sales and transfers 1,641 3,803 96 5,541 (5,541) – Total 35,039 5,903 13,450 54,394 (5,541) 48,852 Segment profit 2,031 478 1,266 3,777 (53) 3,723 (Notes) 1. The adjustment to segment profit of minus ¥ 53 million includes elimination of intersegment transactions of ¥ 20 million and corporate expenses of minus ¥ 73 million that are not allocated to any reportable segment. Corporate expenses mainly consist of selling, general and administrative expenses that are not attributable to the reportable segments. 2. Segment profit is reconciled with operating income in the semi-annual consolidated statement of income. 2. Information on impairment losses on non-current assets or goodwill, etc. by reportable segment Not applicable. II. For the six months ended June 30, 2026 (January 1, 2026 to June 30, 2026) 1. Information on net sales and profit or loss by reportable segment (Millions of yen) Reportable segment Adjustments (Note 1) Amount recorded in semi-annual consolidated statements of income (Note 2) Domestic Sales Business Domestic Manufacturing Business Global Business Total Net sales Electronic equipment & components 37,347 2,774 7,662 47,784 – 47,784 Manufacturing equipment 7,105 37 4,775 11,917 – 11,917 Revenue from contracts with customers 44,452 2,812 12,437 59,702 – 59,702 Other revenues – – – – – – Net sales to external customers 44,452 2,812 12,437 59,702 – 59,702 Intersegment sales and transfers 2,002 4,260 89 6,353 (6,353) – Total 46,455 7,073 12,527 66,055 (6,353) 59,702 Segment profit 3,520 831 790 5,142 (96) 5,045 (Notes) 1. The adjustment to segment p rofit of minus ¥ 96 million includes elimination of intersegment transactions of minus ¥6 million and corporate expenses of minus ¥ 90 million that are not allocated to any reportable segment. Corporate expenses mainly consist of selling, general and administrative expenses that are not attributable to the reportable segments. 2. Segment profit is reconciled with operating income in the semi-annual consolidated statement of income. 2. Information on impairment losses on non-current assets or goodwill, etc. by reportable segment Not applicable.
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- 11 - In case of significant changes in the amount of shareholders’ equity Not applicable. Going concern assumption Not applicable. Subsequent events Purchase and cancellation of treasury shares The Company resolved at the Board of Directors meeting held on August 3, 2026 to purchase treasury shares in accordance with the provisions of Article 156 of the Companies Act, as applied by replacing the relevant terms pursuant to the provisions of Article 165, paragraph (3) of the same Act. The Company also resolved on specific methods for purchasing treasury shares and on the cancellation of treasury shares in accordance with the provisions of Article 178 of the same Act. (1) Reason for the purchase and cancellation of treasury shares The Company will purchase and cancel treasury shares with an aim to enhance shareholder returns, improve capital efficiency, and to implement flexible capital policies in response to changes in the business environment. (2) Details of the Board of Directors' resolution on the purchase of treasury shares (i) Class of shares to be purchased Common shares of the Company (ii) Total number of shares to be purchased 650,000 shares (maximum) (Percentage to the total number of issued shares (excluding treasury shares): 3.08%) (iii) Total purchase cost ¥2,500 million (maximum) (iv) Purchase period From August 4, 2026 to November 30, 2026 (planned) (v) Purchasing methods Market purchase on the Tokyo Stock Exchange (3) Details of the Board of Directors' resolution on the cancellation of treasury shares (i) Class of shares to be cancelled Common shares of the Company (ii) Total number of shares to be cancelled 650,000 shares (All shares acquired pursuant to Item (2) above) (iii) Scheduled cancellation date To be determined (the Company will announce the cancellation date once it has been determined following the completion of the share acquisition)