Itochu Corporation and FMDI LLC have commenced a tender offer for shares of Itochu Food Co., Ltd. at 13,000 yen per share. The maximum number of shares to be purchased is 6,030,793, with a purchase price of approximately 784 billion yen. The offer will start on February 26, 2026, and end on April 9, 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 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":"8001","jir_company_name":"Itochu Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/8001-20260225-01.pdf","jir_short_summary":"Itochu Corporation and FMDI LLC have commenced a tender offer for shares of Itochu Food Co., Ltd. at 13,000 yen per share. The maximum number of shares to be purchased is 6,030,793, with a purchase price of approximately 784 billion yen. The offer will start on February 26, 2026, and end on April 9, 2026.","jir_summary":"### Overview and Purpose of the Tender Offer\nItochu Corporation and FMDI LLC have commenced a tender offer to privatize all shares of Itochu Food Co., Ltd., excluding shares held by Itochu Corporation and treasury stock. The offer price is 13,000 yen per share, with a minimum purchase number set at 1,801,900 shares. The tender offer period is 30 business days from February 26, 2026, to April 9, 2026. Through privatization, they aim to dynamically and organically utilize their management resources to accelerate logistics optimization, digital strategy promotion, expansion of low-temperature business, and strengthening of product development functions.\n\n### Fairness of Price Determination and Transparency of Procedures\nThe tender offer price of 13,000 yen was set above the all-time high market price of the target, based on evaluations using market stock price method, comparable company analysis, and DCF method by multiple independent third-party appraisal institutions (Nomura Securities, Tokyo Kyodo Accounting Office, Plutus Consulting). A special committee was established to conduct price negotiations with legal and financial advice, and the final decision was approved with recommendation for acceptance by the target\u2019s board of directors. Various measures have been implemented to avoid conflicts of interest and ensure procedural fairness.\n\n### Post-Tender Offer Policy and Organizational Restructuring\nUpon successful completion of the tender offer, squeeze-out procedures such as share purchase demands and share consolidation are planned to make the shareholders only the tender offerors. This could lead to delisting of the target\u2019s shares due to meeting delisting criteria of the Tokyo Stock Exchange. The management structure and board composition remain undecided, but employment of employees will continue, and treatment and personnel policies will respect the current situation.","jir_financial_highlights":"Offer Price: 13,000 yen (Final proposed price, increased by 35.26% from the initial 9,611 yen)\nNumber of Shares to be Purchased: 6,030,793 shares (Unknown)\nMinimum Number of Shares to be Purchased: 1,801,900 shares (Set)\nPurchase Price: 78,400 million yen (Unknown)\nTender Offer Period: 2026-02-26 to 2026-04-09 (30 business days) (Unknown)","jir_category":"","jir_hashtags":"#ItochuCorporation, #TenderOffer, #TOB, #ItochuFood, #MBO","jir_key_figures":"Offer Price: 13,000 yen (per share)\nNumber of Shares to be Purchased: 6,030,793 shares (no upper limit)\nPurchase Price: Approximately 78,400 million yen\nTender Offer Period: 2026-02-26 to 2026-04-09 (30 business days)\nItochu Corporation\u2019s Shareholding Ratio: 52.46% (6,656,116 shares)","jir_meta_title":"Itochu Corporation Commences Tender Offer for Itochu Food Shares at 13,000 Yen per Share Approx. 784 Billion Yen Scale","jir_meta_description":"Itochu Corporation has commenced a tender offer for shares of its subsidiary Itochu Food Co., Ltd. at 13,000 yen per share. The maximum number of shares to be purchased is 6,030,793, with the purchase price totaling approximately 784 billion yen. The offer period is from February 26, 2026, to April 9, 2026.","jir_og_title":"Itochu Corporation Commences Tender Offer for Itochu Food Shares","jir_og_description":"Itochu Corporation starts tender offer for Itochu Food shares at 13,000 yen per share, aiming for privatization and enhanced mutual utilization of management resources.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6839,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-31071","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n