As a result of the tender offer, the number of tendered shares exceeded the minimum threshold and the acquisition was completed. The target will become a consolidated subsidiary of Ferrotec. Settlement start date is 2026-11-12; purchase price is 1,901 yen per share. 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The target will become a consolidated subsidiary of Ferrotec. Settlement start date is 2026-11-12; purchase price is 1,901 yen per share. Concurrently, a change in the status of the target has occurred.","jir_summary":"### TOB Result and Future Policy\nFerrotec conducted a tender offer for Nihon Resistor Manufacturing Co., Ltd. Because the total number of tendered shares exceeded the lower limit of the planned purchase quantity, the tender offer was deemed successful. The purchase price is 1,901 yen per share, and the settlement start date is November 12, 2026. Going forward, Ferrotec plans to proceed with squeeze-out procedures to make the target a consolidated subsidiary and aims to delist the target's shares.\n\n### Change in the Target and Future Impact\nAs a result of this tender offer, the target will become a consolidated subsidiary of Ferrotec. The effective date of the change is scheduled for November 12, 2026. The target's consolidated operating results for the most recent three fiscal years include net sales of 5,906 million yen (fiscal year ended December 2025). The impact on future financial results is currently being examined, and any additional disclosures will be made promptly if necessary.","jir_financial_highlights":"Purchase price: 1,901 yen (Unknown)\nPlanned number of shares to be purchased: 1,237,203 shares (Set as an upper limit)\nTotal number of shares actually tendered: 1,083,273 shares (Unknown)\nVoting rights ratio after purchase: 87.55% (Unknown)","jir_category":"","jir_hashtags":"#Ferrotec, #TenderOffer, #ConsolidationAsSubsidiary","jir_key_figures":"Purchase price: 1,901 yen\nTotal number of shares tendered: 1,083,273 shares\nNumber of shares acquired: 1,083,273 shares\nVoting rights ratio after purchase: 87.55%\nSettlement start date: 2026-11-12","jir_meta_title":"Ferrotec Corporation \u2014 Result of Tender Offer for Nihon Resistor Manufacturing Co., Ltd. and Subsidiary Change | November 2026","jir_meta_description":"Details of Ferrotec Corporation's tender offer for Nihon Resistor Manufacturing Co., Ltd., including settlement start date and planned subsidiary change. Purchase price 1,901 yen per share; 1,083,273 shares acquired, resulting in 87.55% voting rights. Monitor progress of squeeze-out procedures.","jir_og_title":"Ferrotec Corporation \u2014 Result of Tender Offer for Nihon Resistor Manufacturing Co., Ltd. and Planned Subsidiarization","jir_og_description":"The tender offer was successful and settlement will begin on the scheduled date; the target is expected to become a consolidated subsidiary. Acquired 1,083,273 shares at 1,901 yen per share, bringing voting rights to 87.55%.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8880,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-144121","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n