[Mitsuba] Announcing a tender offer at 5,200 yen | May 2026

Purchase Conditions and Schedule

Mitsuba Corporation has announced a tender offer price of 5,200 yen for the target company's shares, with the purchase period from May 15, 2026, to July 8, 2026. The planned purchase quantity has a lower limit of 537,260 shares, with no upper limit set. If the planned purchase quantity does not meet the lower limit, the buyback will not be executed. The purchase price exceeds the target company's historical highest price of 5,060 yen, and measures are in place to protect shareholder interests and ensure fairness.

Future Outlook and Impact on Shareholders

After the tender offer is completed, the target company's shares may be delisted, but the impact on funding and social credibility is expected to be limited. Mitsuba and Chubu Electric Power are aiming to enhance the company's corporate value and expand operations through capital alliances and organizational restructuring, outlining a long-term growth strategy. Shareholders will be provided with reasonable sale opportunities and appropriate information disclosure.