Acquired at 4,491 yen per share, total of 1,753,204 shares tendered. As a result, the tender offeror’s voting rights ratio rises to 57.93%, with the target becoming a consolidated subsidiary of the tender offeror and delisting procedures. The new parent company structure is led by Daido Steel as the principal shareholder.<\/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":"5484","jir_company_name":"Tohoku Special Steel Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-06-30","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/06\/5484-20260630-01.pdf","jir_short_summary":"Acquired at 4,491 yen per share, total of 1,753,204 shares tendered. As a result, the tender offeror's voting rights ratio rises to 57.93%, with the target becoming a consolidated subsidiary of the tender offeror and delisting procedures. The new parent company structure is led by Daido Steel as the principal shareholder.","jir_summary":"### Overview of the TOB\nAs a result of Daido Steel's tender offer for Tohoku Special Steel, all tendered shares will be acquired, and the target is scheduled to become a consolidated subsidiary of the tender offeror. The tender price is 4,491 yen per share, with 1,753,204 shares acquired. After the tender, the voting rights ratio will be 57.93%, and it is expected to obtain the status of the parent company.\n\n### Outlook and procedures\nAfter TOB completion, delisting procedures for Tohoku Special Steel will proceed, and the trading market is expected to move from the Standard Market to delisting. The settlement start date is planned for July 6, 2026, and specific procedures and timing will be disclosed in consideration with the tender offeror.","jir_financial_highlights":"Price for tender, etc.: 4,491 \u5186 (Unknown)\nNumber of shares tendered: 1,753,204 \u682a (Unknown)\nVoting rights ownership after change: 57.93\uff05 (Increase)","jir_category":"","jir_hashtags":"#TohokuSpecialSteel, #TOB, #JapanStocks","jir_key_figures":"Tender price: 4,491 yen\/share\nNumber of shares tendered: 1,753,204 shares\nVoting rights ratio after change: 57.93%","jir_meta_title":"Tohoku Special Steel TOB Results and Change in Parent-Subsidiary Relationship | July 2026","jir_meta_description":"\u901f\u5831: Daido Steel's tender offer for Tohoku Special Steel results. Acquired shares: 1,753,204; post-change voting rights: 57.93%; delisting procedures underway. Further procedural details to be announced.","jir_og_title":"TOB Results for Tohoku Special Steel and Parent Company Change","jir_og_description":"As a result of Daido Steel's tender offer, Tohoku Special Steel will become a consolidated subsidiary of the tender offeror. Confirm the number of acquired shares and the new voting rights ratio in the\u901f\u5831.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58159,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-73641","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n