Mitsubishi Logisnext Co., Ltd.
Notice Regarding the Commencement of Tender Offer by LVJ Holdings 2 LLC for Mitsubishi Logisnext Co., Ltd. (Securities Code: 7105)
LVJ Holdings 2 LLC will commence a tender offer from January 21, 2026, for 38,060,068 ordinary shares of Mitsubishi Logisnext Co., Ltd. at 1,537 yen per share. The minimum number of shares to be purchased is set at 2,410,699 shares, with an estimated total purchase price of approximately 58.5 billion yen.
Key Figures
- Tender Offer Price: 1,537 yen (per ordinary share)
- Number of Shares Scheduled for Purchase: 38,060,068 shares
- Purchase Price (Scheduled): 58,498,324,516 yen
AI要約
Overview of the Tender Offer
LVJ Holdings 2 LLC will conduct a tender offer targeting 38,060,068 ordinary shares and stock acquisition rights of Mitsubishi Logisnext Co., Ltd. from January 21 to February 18, 2026, aiming for privatization. The tender offer price is set at 1,537 yen per share, with a minimum purchase number of 2,410,699 shares. The total purchase price is expected to be approximately 58.5 billion yen. The offer excludes the 64.41% of shares held by Mitsubishi Heavy Industries, Ltd. After the tender offer is successful, share consolidation and treasury stock acquisition will be carried out with the goal of making Mitsubishi Logisnext a wholly owned subsidiary.
Background and Process of the Tender Offer
This tender offer follows a bidding process initiated to sell shares of Mitsubishi Logisnext Co., Ltd. held by Mitsubishi Heavy Industries, Ltd. LVJ Holdings 2 LLC (an affiliated fund of Japan Industrial Partners, Inc.) was selected as the final bidder and concluded the tender offer agreement and master transaction agreement on September 30, 2025. The board of directors and an independent special committee of the target have expressed favorable opinions, judging that the terms of the tender offer contribute to enhancing corporate value. Although the tender offer price represents a discount compared to the market price, the past surge in share price was driven by expectations of privatization, and hence the offered price is assessed as reasonable.
Post-Tender Offer Policy and Impact
After the tender offer is completed, share consolidation and treasury stock acquisition will be implemented, and the acquirer will purchase non-tendered shares held by Mitsubishi Heavy Industries, Ltd. to achieve full ownership. The tender offeror intends to support the sustainable growth and corporate value improvement of the target company, while generally maintaining employee treatment. It is expected that the target company's shares will be delisted from the Tokyo Stock Exchange Standard Market, and shareholders are advised to make their own decisions regarding participation in the tender offer.
