Yomeishu Seizo Co.,Ltd.
Notice Regarding Expression of Neutral Opinion on Support and Application for the Tender Offer of Our Shares by Leno Corporation
Leno Corporation is conducting a tender offer for 9,282,257 ordinary shares of Yomeishu Seizo Co., Ltd. at 4,050 yen per share. The minimum number of shares to be purchased is set at 1,903,900 shares. After the tender offer is completed, delisting is planned through share consolidation and other procedures.
Key Figures
- Tender Offer Price: 4,050 yen (per share)
- Number of Shares to be Purchased: 9,282,257 shares
- Tender Offer Period: February 25, 2026 to April 8, 2026 (30 business days)
AI要約
Overview of the Tender Offer
On February 24, 2026, Leno Corporation decided to conduct a tender offer for ordinary shares of Yomeishu Seizo Co., Ltd. at 4,050 yen per share. The number of shares to be purchased is set at 9,282,257 shares, with a minimum of 1,903,900 shares. After the tender offer is successful, delisting will proceed through share consolidation and other procedures, ultimately making the company a wholly owned subsidiary of Tsumura & Co. The tender offer period will be from February 25 to April 8, 2026, covering 30 business days, with settlement starting on April 15, 2026.
Opinion on the Tender Offer and Future Policy
Yomeishu Seizo Co., Ltd. expressed support for the tender offer at its Board of Directors meeting; however, whether to apply is left to the shareholders’ discretion. Although the tender offer price includes a certain discount to the market price, it is considered reasonable based on prior assessments by independent third-party evaluators and advice from financial advisors. After the tender offer is completed, procedures for squeeze-out through share consolidation will be implemented, and non-operating assets will be distributed or absorbed through spin-offs. Ultimately, the shares will be transferred to Tsumura. The Kurasuwa-related business is under review for downsizing, withdrawal, or sale to third parties.
