JEOL Ltd.
Notice Regarding Share Buyback and Tender Offer for Shares
At the board meeting held on February 2, 2026, Nihon Denshi Corporation resolved to conduct a tender offer for up to 2,500,000 shares (4.88%) including 2,300,000 shares (4.49%) held by Nikon Corporation, at a price of 5,148 yen per share.
Key Figures
- Planned Number of Shares to Purchase: 2,500,000 shares (ownership ratio 4.88%)
- Purchase Price: 5,148 yen per share (10% discount to past one-month average closing price)
- Total Purchase Funds: 12,870,514,800 yen (upper limit)
AI要約
Purpose and Background of Share Buyback
Nihon Denshi Corporation has resolved to repurchase its own shares as part of shareholder returns, aiming to improve its financial structure and achieve sustainable corporate value growth. Specifically, in response to the shareholder Nikon Corporation's intention to sell 2,300,000 common shares (4.49% ownership), the company decided to acquire these shares as treasury stock through a tender offer, aiming to suppress temporary deterioration of market liquidity and impact on the market stock price.
Tender Offer Conditions and Future Outlook
The tender offer price is set at 5,148 yen per share, representing a 10% discount to the simple average closing price of 5,720 yen over the past one month up to January 30, 2026. The planned purchase quantity is capped at 2,500,000 shares (4.88% ownership). The purchase period covers 20 business days from February 3, 2026, to March 4, 2026. The purchase funds will be procured from internal funds and borrowings from MUFG Bank. Nikon has entered into an agreement to tender all shares it plans to sell in the offer; although the capital alliance will be terminated, the business alliance will continue. The disposal policy for the treasury stock is undecided at this time.
