ITOCHU Corporation
Notice Regarding the Result of Tender Offer for Shares of Sun Frontier Fudosan Co., Ltd. (Securities Code: 8934) and Change in Equity-Method Affiliate
Itochu Corporation acquired 6,656,969 shares of Sun Frontier Fudosan for 2.8 billion yen, raising its ownership ratio to 22.45%, and plans to make it an equity-method affiliate as of April 16, 2026.
Key Figures
- Number of shares acquired: 6,656,969 shares (acquired through tender offer)
- Acquisition value: 18,639 million yen (purchase price of 2,800 yen per share × number of shares acquired)
- Voting rights ownership ratio: 22.45% (ownership ratio after acquisition)
AI要約
Regarding the Result of the Tender Offer
Itochu Corporation and its subsidiary SI LLC acquired common shares of Sun Frontier Fudosan Co., Ltd. through a tender offer based on the Financial Instruments and Exchange Act, with the tender offer closing on April 9, 2026. The number of shares tendered was 7,768,279, exceeding the upper limit of the planned acquisition quantity of 6,656,900 shares. Therefore, 6,656,969 shares were acquired by pro rata allocation. The purchase price was 2,800 yen per share, and the acquisition value amounted to 18,639 million yen. Settlement will commence on April 16, 2026.
Change in Equity-Method Affiliate and Future Outlook
As a result of this tender offer and a third-party allotment of shares, Sun Frontier Fudosan Co., Ltd. is scheduled to become an equity-method affiliate of Itochu Corporation as of April 16, 2026. After acquisition, the number of shares held will be 12,156,969, with a voting rights ownership ratio of 22.45%. There is no change in the future policy and outlook, and the partnership based on the capital and business alliance agreement will be promoted.
Itochu Corporation
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