Kinden Corporation
Notice Regarding the Conversion of Kodensha Co., Ltd. into a Wholly Owned Subsidiary
The series of transactions to make Kodensha a wholly owned subsidiary has been completed. Following the successful tender offer, Kodensha became a wholly owned subsidiary as of today. After the share consolidation and the implementation of the treasury stock acquisition, our ownership of voting rights reached 100%. The impact on consolidated results is currently under review.
Key Figures
- Kodensha shareholder composition (current): Mitsubishi Electric 51.4%, Kodensha Employee Shareholding Association 3.5%
- Kodensha consolidated net sales: 44,234 million yen
- Net income attributable to owners of parent of Kodensha: 2,832 million yen
AI要約
Overview of the matter
We hereby announce that the series of transactions to make Kodensha a wholly owned subsidiary has been completed today. After the successful tender offer and subsequent share consolidation, Kodensha has become our wholly owned subsidiary, and the treasury stock acquisition held by Kodensha has been implemented. As a result, the ownership percentage of voting rights for Kodensha has become 100.00%.
Future impact and disclosures
This transaction is a corporate restructuring aimed at making Kodensha a wholly owned subsidiary, and the impact on consolidated results is currently under review. If any material matters arise, we will promptly disclose them.
Kinden Corporation
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