SI Co., Ltd., a wholly owned subsidiary of ITOCHU Corporation, will conduct a tender offer for up to 6,656,900 shares (approximately 12.07%) of Sun Frontier Fudosan at 2,800 yen per share, concurrently implementing a third-party allotment of approximately 5.5 billion yen scheduled for payment on April 1, 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-25","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/8934-20260225-02.pdf","jir_short_summary":"SI Co., Ltd., a wholly owned subsidiary of ITOCHU Corporation, will conduct a tender offer for up to 6,656,900 shares (approximately 12.07%) of Sun Frontier Fudosan at 2,800 yen per share, concurrently implementing a third-party allotment of approximately 5.5 billion yen scheduled for payment on April 1, 2026.","jir_summary":"### Overview of Tender Offer and Capital and Business Alliance\nSI Co., Ltd., a wholly owned subsidiary of ITOCHU Corporation, will conduct a tender offer for up to 6,656,900 shares of Sun Frontier Fudosan at 2,800 yen per share (approximately 10.98% ownership after capital increase). In addition, Sun Frontier Fudosan plans to carry out a third-party allotment of 5,500,000 shares with ITOCHU Corporation as the allottee (subscription price 2,438 yen per share, totaling approximately 13.4 billion yen) on April 1, 2026. The two parties have entered into a capital and business alliance agreement. The tender offer is not aimed at delisting, and the company intends to maintain its listing on the Tokyo Stock Exchange Prime Market after the purchase.\n\n### Opinion Statement on the Tender Offer and Future Outlook\nSun Frontier Fudosan\u2019s Board of Directors has expressed a supportive opinion regarding this tender offer and has resolved to leave the decision to accept or reject to the shareholders. The tender offer price includes approximately an 8.95% premium over the market price. An independent valuation by KPMG assessed the share value in the range of 2,382 yen to 3,033 yen. Through the capital and business alliance, both companies aim to expand their real estate regeneration business as well as their hotel and tourism businesses, pursuing mutually complementary collaboration.","jir_financial_highlights":"Tender Offer Price: 2,800 yen (Approximately 8.95% premium over the Tokyo Stock Exchange Prime Market closing price)\nMaximum Number of Shares to be Purchased: 6,656,900 shares (Equivalent to approximately 10.98% ownership post capital increase)\nThird-Party Allotment Share Quantity: 5,500,000 shares (Subscription price of 2,438 yen per share, total approx. 13.4 billion yen)","jir_category":"","jir_hashtags":"#SunFrontierFudosan, #TenderOffer, #CapitalAndBusinessAlliance, #ITOCHUCorporation, #TOB","jir_key_figures":"Tender Offer Price: 2,800 yen (approx. 8.95% premium)\nMaximum Number of Shares to be Purchased: 6,656,900 shares (approx. 10.98% ownership post capital increase)\nThird-Party Allotment Share Quantity: 5,500,000 shares (subscription price 2,438 yen per share, total approx. 13.4 billion yen)","jir_meta_title":"Tender Offer by ITOCHU Corporation Subsidiary for Sun Frontier Fudosan: Up to 6,656,900 Shares at 2,800 Yen Per Share","jir_meta_description":"SI Co., Ltd., a wholly owned subsidiary of ITOCHU Corporation, will conduct a tender offer for up to 6,656,900 shares of Sun Frontier Fudosan at 2,800 yen per share and simultaneously implement a third-party allotment worth approximately 13.4 billion yen. The capital and business alliance aims to expand their real estate regeneration and other businesses.","jir_og_title":"Sun Frontier Fudosan Supports Tender Offer by ITOCHU Corporation Subsidiary","jir_og_description":"ITOCHU Corporation\u2019s subsidiary will tender offer shares of Sun Frontier Fudosan at 2,800 yen per share. The capital and business alliance aims to expand their business.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9458,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-31270","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n