{"id":16513,"date":"2026-01-09T15:03:18","date_gmt":"2026-01-09T06:03:18","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/7250-20260109-02_wp_tender_offer\/"},"modified":"2026-01-09T15:03:18","modified_gmt":"2026-01-09T06:03:18","slug":"7250-20260109-02_wp_tender_offer","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-7250\/ir\/7250-20260109-02_wp_tender_offer\/","title":{"rendered":"(Amendment) Partial Changes Regarding the &#8220;Implementation of MBO and Recommendation of Tender Offer Participation&#8221;"},"content":{"rendered":"<p>Tender offer price raised to 3,036 yen per share, lowering the minimum tender quantity to 25,337,400 shares (43.84%). The tender offer period is extended until January 26, 2026, aiming to take the shares private upon completion of the TOB.<\/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 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":"7250","jir_company_name":"Taiheiyo Kogyo Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-01-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/7250-20260109-02.pdf","jir_short_summary":"Tender offer price raised to 3,036 yen per share, lowering the minimum tender quantity to 25,337,400 shares (43.84%). The tender offer period is extended until January 26, 2026, aiming to take the shares private upon completion of the TOB.","jir_summary":"### Overview and Changes of the Tender Offer\nRegarding the tender offer for Taiheiyo Kogyo Co., Ltd., the offeror raised the purchase price from 2,919 yen to 3,036 yen per share as of January 9, 2026, and lowered the minimum tender quantity from 35,841,900 shares (62.02%) to 25,337,400 shares (43.84%). Accordingly, the tender offer period was extended until January 26, 2026. Effissimo Capital Management has agreed not to participate in this tender offer for its holding of 10,504,500 shares (18.18%) and also pledged to support the share consolidation-related proposals at the general shareholders\u2019 meeting.\n\n### Purpose of the Tender Offer and Future Procedures\nThis tender offer aims to take the company private, and even if the tender offer does not succeed, the offeror intends to implement share consolidation and squeeze-out procedures under the Companies Act to ultimately become the sole shareholder of the company. If fractional shares arise from the share consolidation, shareholders may request a buyout at a fair price. Both the offeror and shareholders party to the non-participation agreement plan to support related proposals at the extraordinary shareholders\u2019 meeting.\n\n### Special Committee\u2019s Evaluation and Fairness of Procedures\nThe company\u2019s special committee has determined that the transaction\u2019s purpose is reasonable and will contribute to enhancing corporate value despite the increased tender offer price and changes to the minimum tender quantity. The tender offer price of 3,036 yen includes a 107.80% premium over the market price and falls within the valuation range derived from multiple calculation methods. The fairness of the procedures is ensured, and the company\u2019s board of directors recommends shareholders to participate.","jir_financial_highlights":"Tender Offer Price: 3,036 yen (Raised from previous 2,919 yen)\nMinimum Tender Quantity: 25,337,400 shares (Lowered from previous 35,841,900 shares)\nMinimum Tender Quantity Ratio: 43.84% (Lowered from previous 62.02%)\nTender Offer Period: Until January 26, 2026 (Extended (total 119 business days))\nEffissimo Capital Management Shareholding: 10,504,500 shares (18.18%) (Agreed not to participate)","jir_category":"","jir_hashtags":"#TaiheiyoKogyo, #TenderOffer, #MBO, #TOB, #JapaneseStocks","jir_key_figures":"Tender Offer Price: 3,036 yen (raised from previous 2,919 yen)\nMinimum Tender Quantity: 25,337,400 shares (43.84%, lowered from previous 35,841,900 shares)\nTender Offer Period: Extended until January 26, 2026 (total 119 business days)","jir_meta_title":"Taiheiyo Kogyo Raises Tender Offer Price to 3,036 Yen and Lowers Minimum Tender Quantity to 43.84%","jir_meta_description":"On January 9, 2026, Taiheiyo Kogyo Co., Ltd. raised the tender offer price related to an MBO to 3,036 yen per share and lowered the minimum tender quantity to 25,337,400 shares (43.84%). The tender offer period was extended until January 26, aiming to take the company private.","jir_og_title":"Taiheiyo Kogyo Announces Tender Offer Price Increase and Change to Minimum Tender Quantity","jir_og_description":"As part of the MBO, Taiheiyo Kogyo raised the tender offer price to 3,036 yen and set the minimum tender quantity at 43.84%. The tender offer period was extended until January 26, 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9040,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-16513","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>(Amendment) Partial Changes Regarding the &quot;Implementation of MBO and Recommendation of Tender Offer Participation&quot; - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-7250\/ir\/7250-20260109-02_wp_tender_offer\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-7250\/ir\/7250-20260109-02_wp_tender_offer\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-7250\/ir\/7250-20260109-02_wp_tender_offer\/\",\"name\":\"(Amendment) Partial Changes Regarding the \\\"Implementation of MBO and Recommendation of Tender Offer Participation\\\" - 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