{"id":15172,"date":"2026-01-07T21:45:51","date_gmt":"2026-01-07T12:45:51","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/8267-20260107-01_wp_tender_offer-2\/"},"modified":"2026-01-07T21:45:51","modified_gmt":"2026-01-07T12:45:51","slug":"8267-20260107-01_wp_tender_offer-2","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-8267\/ir\/8267-20260107-01_wp_tender_offer-2\/","title":{"rendered":"Notice Regarding the Results of the Tender Offer for Tsuruha Holdings Inc. (Securities Code: 3391) and Change in Subsidiaries"},"content":{"rendered":"<p>AEON Co., Ltd. conducted a tender offer for 40,727,772 common shares of Tsuruha Holdings Inc. at 2,900 yen per share, increasing its voting rights ownership from 41.18% to 50.11%, and plans to make Tsuruha Holdings a consolidated subsidiary on January 14, 2026.<\/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,"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 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-01-07","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/8267-20260107-01-1.pdf","jir_short_summary":"AEON Co., Ltd. conducted a tender offer for 40,727,772 common shares of Tsuruha Holdings Inc. at 2,900 yen per share, increasing its voting rights ownership from 41.18% to 50.11%, and plans to make Tsuruha Holdings a consolidated subsidiary on January 14, 2026.","jir_summary":"### Regarding the Results of the Tender Offer\nAEON Co., Ltd. conducted a tender offer for 40,727,772 common shares of Tsuruha Holdings Inc. at 2,900 yen per share. Since the total number of tendered shares did not exceed the maximum planned purchase volume, AEON purchased all the tendered shares. As a result, AEON's voting rights ownership increased from 41.18% to 50.11%, and it plans to make Tsuruha Holdings a consolidated subsidiary as of January 14, 2026.\n\n### Outlook and Change in Subsidiaries\nFollowing the tender offer, AEON Co., Ltd. intends to acquire an additional 50.9% of Tsuruha Holdings' voting rights through market purchases. With the subsidiary status change, AEON expects to record a special gain (gain on step acquisition) in the fourth quarter of the fiscal year ending February 2026.","jir_financial_highlights":"Number of shares purchased: 40,727,772 shares (Increased from 41.18% ownership before purchase to 50.11% after purchase)\nPurchase price: 2,900 yen per common share (Unknown)\nTotal acquisition consideration: 118,110,538,800 yen (Unknown)","jir_category":"","jir_hashtags":"#AEONCoLtd, #TenderOffer, #TOB, #TsuruhaHoldings, #JapaneseStocks","jir_key_figures":"Number of shares purchased: 40,727,772 shares\nPurchase price: 2,900 yen per common share\nTotal acquisition consideration: 118,110,538,800 yen","jir_meta_title":"AEON Co., Ltd. Acquires 40,727,772 Shares of Tsuruha Holdings via Tender Offer to Make It a Consolidated Subsidiary","jir_meta_description":"AEON Co., Ltd. conducted a tender offer for 40,727,772 common shares of Tsuruha Holdings at 2,900 yen per share, increasing its voting rights ownership to 50.11%, and plans to make Tsuruha Holdings a consolidated subsidiary on January 14, 2026.","jir_og_title":"AEON Acquires Tsuruha HD Shares by Tender Offer to Make It a Consolidated Subsidiary","jir_og_description":"AEON Co., Ltd. acquired 40,727,772 shares of Tsuruha Holdings via tender offer and plans to make it a consolidated subsidiary as of January 14, 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6879,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-15172","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Notice Regarding the Results of the Tender Offer for Tsuruha Holdings Inc. 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