DENSO Corporation
Notice Regarding Share Buyback and Tender Offer for Treasury Stock
DENSO Corporation announced that at the board meeting held on April 28, 2026, it resolved to conduct a tender offer for up to 184,897,756 shares of treasury stock (6.35% of the total issued shares) with a total approximate amount of 313.6 billion yen.
Key Figures
- Maximum number of shares for share buyback: 184,897,756 shares (6.35% of total issued shares)
- Maximum total acquisition value: 313,586,594,176 yen
- Tender offer price: 1,696 yen per share (approximately 10% discount to closing price of 1,884 yen on April 27, 2026)
AI要約
Purpose and Overview of Share Buyback and Tender Offer
Under its medium-term management plan 'CORE 2030,' DENSO Corporation resolved to acquire treasury stock and conduct a tender offer in order to maximize capital efficiency and strengthen shareholder returns. At the board meeting on April 28, 2026, it announced plans to acquire up to 184,897,656 shares (ownership ratio of 6.87%) through a tender offer at 1,696 yen per share (approximately 10% discount to market price), totaling approximately 313.6 billion yen. The acquisition period is from April 30, 2026 to July 31, 2026.
Background of the Tender Offer and Funding
This tender offer is intended to respond to the sale of DENSO shares held by Toyota Industries Corporation following the privatization of Toyota Industries. The decision was made in consultation with Toyota Real Estate and others. The purchase funds will be covered by internal funds, and the tender offer will be conducted within the scope of consolidated cash and cash equivalents of 1,189,126 million yen as of March 31, 2026, without affecting financial soundness. The tender offer aims to ensure market price transparency while contributing to improved capital efficiency and shareholder returns.
DENSO Corporation
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