Brother Industries, Ltd. has launched a tender offer for shares of MUTOH Holdings Co., Ltd. at 7,626 yen per share. The maximum number of shares to be purchased is 4,589,644 shares, with an expected purchase price of approximately 35 billion yen. The aim is to make MUTOH a wholly owned subsidiary.<\/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":"6448","jir_company_name":"Brother Industries, Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-04","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/6448-20260204-01.pdf","jir_short_summary":"Brother Industries, Ltd. has launched a tender offer for shares of MUTOH Holdings Co., Ltd. at 7,626 yen per share. The maximum number of shares to be purchased is 4,589,644 shares, with an expected purchase price of approximately 35 billion yen. The aim is to make MUTOH a wholly owned subsidiary.","jir_summary":"### Overview and Purpose of the Tender Offer\nBrother Industries, Ltd. will conduct a tender offer for all common shares of MUTOH Holdings Co., Ltd. (excluding treasury shares), aiming to make it a wholly owned subsidiary. The tender price is set at 7,626 yen per share, representing approximately a 157% premium over the closing price on the Tokyo Stock Exchange Standard Market. The maximum number of shares to be purchased is 4,589,644 shares, with an expected purchase price of approximately 35 billion yen. The tender offer period is from February 5, 2026, to March 23, 2026, spanning 30 business days.\n\n### Fairness of Tender Price and Procedural Fairness\nThe tender price has been calculated based on multiple valuation methods (market price method, comparable companies analysis, and DCF method) by independent third-party appraisal firms (Mizuho Securities and Nomura Securities), providing a reasonable premium to the target\u2019s shareholders. The target has established an independent special committee which supports the tender offer under fair procedures and recommends shareholders to tender their shares. After the tender offer, a squeeze-out procedure under the Companies Act is planned, ensuring protection of minority shareholders\u2019 rights.\n\n### Synergy Effects and Management Policy\nUtilizing Brother Industries Group\u2019s extensive technology, financial strength, and overseas bases, efforts will be made to enhance product competitiveness, reduce costs, and expand business scale of MUTOH Holdings. Post tender offer, collaboration will be promoted through exchanges between directors and employees, aiming for sustainable corporate value enhancement. Although the target is expected to be delisted, it is determined that the benefits of going private, including reduced listing maintenance costs, outweigh the drawbacks.","jir_financial_highlights":"Tender Price (per common share): 7,626 yen (157.46% premium over the Tokyo Stock Exchange Standard Market closing price)\nPlanned Number of Shares to be Purchased (common shares): 4,589,644 shares (Unknown)\nPurchase Price: 35,000 million yen (Unknown)\nTender Offer Period: 2026-02-05 to 2026-03-23 (30 business days) (Unknown)\nTarget - Consolidated Net Sales for the Nine Months Ending March 2026: 13,168 million yen (Unknown)\nTarget - Consolidated Quarterly Net Income Attributable to Owners of Parent for the Nine Months Ending March 2026: 381 million yen (Unknown)","jir_category":"","jir_hashtags":"#BrotherIndustries, #TenderOffer, #TOB, #MUTOHHoldings, #JapaneseStocks","jir_key_figures":"Tender Price: 7,626 yen (157.46% premium)\nPlanned Number of Shares to be Purchased: 4,589,644 shares\nPurchase Price: approximately 35,000 million yen","jir_meta_title":"Brother Industries Begins Tender Offer for MUTOH Holdings Shares at 7,626 Yen per Share \u2013 Approx. 35 Billion Yen Scale","jir_meta_description":"Brother Industries, Ltd. has launched a tender offer for shares of MUTOH Holdings Co., Ltd. at 7,626 yen per share. The maximum number of shares to be purchased is 4,589,644 shares, aiming for a wholly owned subsidiary. The tender price offers approximately a 157% premium over market price.","jir_og_title":"Brother Industries Initiates Tender Offer for MUTOH Holdings Shares","jir_og_description":"Brother Industries launches tender offer for shares of MUTOH Holdings at 7,626 yen per share. Aiming for wholly owned subsidiary with a transaction scale of approximately 35 billion yen.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7650,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-24137","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n