Sun Frontier Fudousan Co., Ltd.
Announcement Regarding the Results of the Tender Offer for Our Shares by SI LLC, a Wholly Owned Subsidiary of Itochu Corporation, and Changes in Major Shareholders and Other Related Parties
SI LLC, a wholly owned subsidiary of Itochu Corporation, acquired 6,656,900 shares of Sun Frontier Fudosan (11.62% voting rights) through a tender offer and will become a major shareholder as of April 16, 2026.
Key Figures
- Number of Shares Acquired: 6,656,900 shares (shares acquired through tender offer)
- Acquisition Price: 18,639 million yen (calculated at 2,800 yen per share)
- Voting Rights Ownership Ratio (After Change): 22.45% (total of Itochu Corporation and SI LLC)
AI要約
Regarding the Results of the Tender Offer
SI LLC, a wholly owned subsidiary of Itochu Corporation, during the tender offer for ordinary shares of Sun Frontier Fudosan Co., Ltd. conducted from February 26 to April 9, 2026, received a total of 7,768,279 shares tendered, exceeding the planned purchase upper limit of 6,656,900 shares. Therefore, SI LLC acquired the upper limit of 6,656,900 shares. The acquisition price was 2,800 yen per share, totaling 18,639 million yen.
Major Shareholders and Future Outlook
As a result of this tender offer, SI LLC will become a major shareholder of the company (with 11.62% voting rights) as of April 16, 2026, and Itochu Corporation will be classified as another related party holding a total of 22.45% voting rights directly and through the tender offeror. The listing of the shares is planned to be maintained, and there is no change to the policy based on the capital and business alliance agreement.
