Twin Bird expresses opposition to Japanet\u2019s public acquisition of our shares. Citing risks of dis-synergy, differing management policies, and impact on regional supply chains, we will maintain operations in line with the mid-term business plan to enhance corporate value.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"6897","jir_company_name":"Twin Bird Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/6897-20260831-03.pdf","jir_short_summary":"Twin Bird expresses opposition to Japanet\u2019s public acquisition of our shares. Citing risks of dis-synergy, differing management policies, and impact on regional supply chains, we will maintain operations in line with the mid-term business plan to enhance corporate value.","jir_summary":"### Overview of the transaction and our position\nThis document states our opposition to Japanet Holdings\u2019 plan to acquire 100% of our subsidiary and expresses our disagreement. Based on the deliberations of the Special Committee, we judge that potential dissynergy arising from changes in capital relationships and management policies is significant, and find little basis for the synergies claimed by Japanet. We emphasize that continuing operations under the mid-term plan will contribute to enterprise value.\n\n### Mid-term management plan and future policy\nThe background for this opinion is the notice dated August 31, 2026, announcing the new mid-term management plan 2026-2030. Twin Bird, under this plan, aims to enhance corporate value and maximize shareholder value by redesigning the business portfolio, restructuring profitability, optimizing costs, and promoting growth businesses. We take the position that not pursuing the public tender and continuing operations in line with the mid-term plan is rational.","jir_financial_highlights":"Sales: Unknown (Unknown)\nOperating income: Unknown (Unknown)","jir_category":"","jir_hashtags":"#TwinBird, #MidTermManagementPlan, #PublicTender, #OppositionComment","jir_key_figures":"End-year sales target of the mid-term plan: 11.7 billion yen (fiscal year ending February 2031)\nEnd-year operating income target of the mid-term plan: 1.4 billion yen (fiscal year ending February 2031)\nTotal return ratio: approximately 75%\u2013100%","jir_meta_title":"Twin Bird Opposes Japanet Public Tender | Continuation of Operations Under the Mid-term Plan","jir_meta_description":"Twin Bird expresses opposition to Japanet's public tender. This article explains the dis-synergy risks and the policy of continuing independent management under the mid-term management plan.","jir_og_title":"Twin Bird Opposes Public Tender | Continuing Independent Management Under the Mid-term Plan","jir_og_description":"Twin Bird opposes Japanet\u2019s public tender. Summary of prioritizing dis-synergy risks and execution of the mid-term plan.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60211,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"general_ir","footnotes":""},"sector":[],"importance":[],"class_list":["post-108680","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n