METAWATER Co., Ltd.
Announcement Regarding the Results of the Tender Offer for Waterworks Machinery Co., Ltd. (Securities Code: 6403) Shares and Changes in Affiliated Companies Accounted for by the Equity Method
Through the tender offer, Metawater Co., Ltd. acquired 1,493,025 shares (34.80% voting rights) of Waterworks Machinery Co., Ltd. at an acquisition price of 6,046 million yen, making it an affiliate accounted for by the equity method. The settlement start date is March 31, 2026.
Key Figures
- Number of Shares Acquired: 1,493,025 shares (34.80% voting rights ownership)
- Acquisition Price: 6,046 million yen
- Tender Offer Price: 4,050 yen/share
- Settlement Start Date: March 31, 2026
- Consolidated Net Sales of Waterworks Machinery Co., Ltd. (Fiscal Year ended March 2025): 25,966 million yen
AI要約
Summary of Tender Offer Results
Metawater Co., Ltd. conducted a tender offer for the common shares of Waterworks Machinery Co., Ltd. from February 6 to March 24, 2026, and acquired all 1,493,025 shares tendered, as this exceeded the minimum purchase number of 669,400 shares. The purchase price was 4,050 yen per share, resulting in a total acquisition price of 6,046 million yen. Consequently, Metawater Co., Ltd. will hold 34.80% of the voting rights of Waterworks Machinery Co., Ltd.
Changes in Affiliated Companies Accounted for by the Equity Method and Future Outlook
As a result of this tender offer, Waterworks Machinery Co., Ltd. will become an affiliated company accounted for by the equity method of Metawater Co., Ltd. as of March 31, 2026. Waterworks Machinery Co., Ltd. is a company engaged in the manufacturing and sales of water treatment machinery in the water and sewage sectors, with Toray Industries, Inc. holding 51.06%. Going forward, Metawater Co., Ltd. plans to take steps to acquire all shares of Waterworks Machinery Co., Ltd., which may result in the delisting of the shares from the Tokyo Stock Exchange Standard Market. The impact on consolidated financial results is currently under review and will be disclosed promptly if necessary.
