Japan Dry Chemical’s Tender Offer Initiation | May 2026

Overview of the Tender Offer

T.C.G2511 will conduct a tender offer for Japan Dry Chemical's common shares from May 14 to June 29, 2026. The purchase price is set at 3,730 yen per share, and the planned purchase volume is approximately 22,403,872 shares. This tender offer aims to acquire all target shares to make the target a wholly owned subsidiary, facilitating corporate restructuring. Upon success, the plan is to acquire a majority of the target's shares and establish control. During the purchase period, response will be handled by Mizuho Securities and Rakuten Securities, the designated tender offer agents.

Future Outlook and Corporate Strategy

Through this tender offer, the company aims to acquire a majority of the target's shares and establish a wholly owned subsidiary. This is expected to enhance management efficiency and advance business strategies, thereby increasing corporate value. Post-acquisition, the company plans to pursue squeeze-out procedures, mergers, and share transfer to establish a holding company structure and concentrate management resources. The target is a comprehensive disaster prevention company engaged in designing, manufacturing, construction, and maintenance of disaster prevention equipment, and is expected to maintain high growth potential going forward.