Ferrotec Corporation
Notice Regarding the Result of Tender Offer for Nihon Resistor Manufacturing Co., Ltd. and Change in Subsidiary
As a result of the tender offer, the number of tendered shares exceeded the minimum threshold and the acquisition was completed. The target will become a consolidated subsidiary of Ferrotec. Settlement start date is 2026-11-12; purchase price is 1,901 yen per share. Concurrently, a change in the status of the target has occurred.
Key Figures
- Purchase price: 1,901 yen
- Total number of shares tendered: 1,083,273 shares
- Number of shares acquired: 1,083,273 shares
- Voting rights ratio after purchase: 87.55%
- Settlement start date: 2026-11-12
AI要約
TOB Result and Future Policy
Ferrotec conducted a tender offer for Nihon Resistor Manufacturing Co., Ltd. Because the total number of tendered shares exceeded the lower limit of the planned purchase quantity, the tender offer was deemed successful. The purchase price is 1,901 yen per share, and the settlement start date is November 12, 2026. Going forward, Ferrotec plans to proceed with squeeze-out procedures to make the target a consolidated subsidiary and aims to delist the target's shares.
Change in the Target and Future Impact
As a result of this tender offer, the target will become a consolidated subsidiary of Ferrotec. The effective date of the change is scheduled for November 12, 2026. The target's consolidated operating results for the most recent three fiscal years include net sales of 5,906 million yen (fiscal year ended December 2025). The impact on future financial results is currently being examined, and any additional disclosures will be made promptly if necessary.
Ferrotec Corporation
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