KYB Corporation
Notice Regarding Share Buyback and Tender Offer for Treasury Stock
Kayaba Industry Co., Ltd. resolved at its Board of Directors meeting on February 12, 2026, to conduct a tender offer for up to 3,240,100 treasury shares, capped at approximately JPY 13.41 billion. The company plans to acquire 2,938,834 shares (6.81%) held by Toyota Motor Corporation.
Key Figures
- Planned Number of Treasury Shares to be Acquired: 3,240,100 shares (maximum)
- Planned Total Amount for Treasury Share Acquisition: JPY 13,410,773,900 (maximum)
- Tender Offer Price: JPY 4,139 per share (10% discount applied)
AI要約
Overview of Share Buyback and Tender Offer
At the Board of Directors meeting held on February 12, 2026, Kayaba Industry Co., Ltd. resolved to proceed with a share buyback and tender offer. The maximum number of shares to be acquired is 3,240,100 shares, with a maximum purchase amount of approximately JPY 13.41 billion. The tender offer price was set at JPY 4,139, applying a 10% discount to the average closing price of JPY 4,599 over the one month period ending February 10, 2026. The primary acquisition target is 2,938,834 shares held by the second-largest shareholder, Toyota Motor Corporation, which owns 6.81% of the shares and has indicated its intention to participate in this tender offer.
Funding and Impact on Shareholders
The funds required for this tender offer, approximately JPY 13.41 billion, will be provided from internal cash reserves. As of December 31, 2025, the consolidated liquidity amounted to approximately JPY 50.45 billion, and it is expected that around JPY 37.04 billion will remain after the tender offer, maintaining financial soundness. In the event the number of tendered shares exceeds the planned acquisition amount, purchases will be made proportionally by allotment, providing shareholders other than Toyota Motor Corporation with an opportunity to tender. The disposal policy for the acquired treasury shares is currently undecided.
