FerroTec Corporation’s TOB for the company’s shares was successful; the settlement start date is 2026-11-12. As a result of the offer’s success, the offeror will acquire a majority of voting rights. 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Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-06","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/6977-20261106-01.pdf","jir_short_summary":"FerroTec Corporation's TOB for the company's shares was successful; the settlement start date is 2026-11-12. As a result of the offer's success, the offeror will acquire a majority of voting rights. The target is expected to become a consolidated subsidiary of the offeror and proceed with delisting procedures.","jir_summary":"### TOB Result and New Parent Company Structure\nThis notice reports the results of FerroTec Corporation's tender offer for the company's shares. The TOB was successful because the total number of tendered shares exceeded the minimum threshold of the planned purchase. Following completion, the offeror will become the company's parent and major shareholder, and the shareholder composition will change materially as of the settlement start date. Procedures toward delisting the target will proceed, and trading on the listing market is expected to be suspended.\n\n### Outlook and Procedures Going Forward\nAfter the settlement start date, the offeror intends to make the target a consolidated subsidiary and carry out procedures toward delisting. Specific timing for these procedures will be determined and disclosed through discussions between the offeror and the target. At present, FerroTec's acquisition of shares has been completed, and any future impacts on business performance will be disclosed as required.","jir_financial_highlights":"Offer Price: 1,901 yen (Unknown)\nTotal Number of Shares Subject to Purchase: 1,237,203 shares (Unknown)\nTotal Number of Tendered Shares: 1,083,273 shares (Unknown)\nSettlement Start Date: 2026-11-12 (Unknown)","jir_category":"","jir_hashtags":"#JapanResistorMfg, #TOB, #Subsidiarization, #Delisting","jir_key_figures":"Offer Price: 1,901 yen\nPlanned Number of Shares to be Purchased: 1,237,203 shares\nTotal Number of Tendered Shares: 1,083,273 shares","jir_meta_title":"Japan Resistor Mfg. Co., Ltd. \u2014 TOB Successful and Move to Consolidated Subsidiary\uff5cSettlement from November 2026","jir_meta_description":"FerroTec Corporation's tender offer surpassed the minimum tender threshold and was successful. Settlement starts on 2026-11-12. The target is expected to become a consolidated subsidiary and proceed with delisting procedures. Summary of the latest disclosures.","jir_og_title":"Japan Resistor Mfg. Co., Ltd. \u2014 TOB Successful; Move to Consolidated Subsidiary\uff5cSettlement from November 2026","jir_og_description":"FerroTec Corporation's TOB has been successful. Settlement starts on 2026-11-12. The target plans to become a consolidated subsidiary and proceed with delisting procedures. Detailed summary provided.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":61379,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-144129","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n