Shinko Shoji Co., Ltd.
Notice on the results of the tender offer for our shares by Kaga Electronics Co., Ltd. and changes in the parent company and major shareholders
As a result of the tender offer, Kaga Electronics has acquired Shin-Ko Shoji’s shares. The offer was successful, acquiring all target shares, with 20,938,007 shares acquired, exceeding the lower bound of 15,988,500 shares. Settlement start date is August 10, 2026. Acquisition value is 33,082 million yen, and post-acquisition ownership increases to 72.45%.
Key Figures
- Number of shares in connection with the tender offer, etc.: 20,938,007 shares
- Shares acquired: 20,938,007 shares
- Acquisition value: 33,082 million yen
AI要約
Results of the tender offer
The tender offer has been completed, and since the total number of submitted shares exceeds the lower bound of the offer, all shares will be purchased in accordance with the procedures since the public announcement of the tender offer. Settlement start date is August 10, 2026, and the target's shares will proceed to become a consolidated subsidiary and a specified subsidiary of the tender offeror.
Outlook and impact
Due to the significant change in shareholder structure, the target will become a specified subsidiary of the tender offeror and there is a possibility of delisting proceedings. The specific timing of procedures will be promptly announced after discussions with the tender offeror.
Shinko Shoji Co., Ltd.
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