Chudenko Corporation
Notice Regarding Treasury Stock Acquisition and Tender Offer for Treasury Stock
Resolved to consider and execute a tender offer for treasury stock as part of capital policy including D/E considerations. Purchase period: 2026/11/2-12/1; planned number of shares to be purchased: 6,930,000 shares; cap: 13.09%; purchase price: 4,614 yen; total amount approx. 31,980 million yen. The purchase is driven by optimization of a partnership relationship involving a portion of Chugoku Electric Power shares. The price was determined applying a discount to the market price as of October 29, 2026.
Key Figures
- Planned number of shares to be purchased: 6,930,000 shares
- Purchase price: 4,614 yen
- Purchase period: 2026-11-02 〜 2026-12-01
AI要約
Overview and Background of the Purchase
This announcement reports that the Board of Directors resolved to acquire treasury stock and to launch a tender offer for treasury stock as part of measures to improve capital efficiency and return capital to shareholders. The purchase period is 20 business days from November 2, 2026 to December 1, 2026. The planned number of shares to be purchased is 6,930,000 shares (cap), and if the number of tendered shares exceeds this amount, allocation will be handled pro rata. The purchase funds will be covered by company funds; cash and cash equivalents as of March 31, 2026 are disclosed as 43,605 million yen.
Discount Strategy and Decision Process
The purchase price adopts a method that applies a fixed discount to the lowest price among multiple period averages of recent market prices. Multiple negotiations took place from the initial proposal to the final decision; discount rates at seven different reference dates were considered, and a 10% discount was ultimately applied. The tender offer is assumed to target 6,300,000 shares held by Chugoku Electric Power.
Chudenko Corporation
Company overview · Stock price · Financial data · All IR
