Announces the results of Shinko Trading Co., Ltd. public tender offer. Offer price: 1,580 yen per share, planned number of shares for purchase: approximately 29,097,599 shares; applications exceeded the minimum, and all shares will be purchased. Ownership percentage after the tender offer expands to 72.45%. Will be reclassified as a specific subsidiary and delisting procedures are planned.<\/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":"8154","jir_company_name":"Kaga Electronics Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-04","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/8154-20260804-01.pdf","jir_short_summary":"Announces the results of Shinko Trading Co., Ltd. public tender offer. Offer price: 1,580 yen per share, planned number of shares for purchase: approximately 29,097,599 shares; applications exceeded the minimum, and all shares will be purchased. Ownership percentage after the tender offer expands to 72.45%. Will be reclassified as a specific subsidiary and delisting procedures are planned.","jir_summary":"### Overview of the Tender Offer\nKaga Electronics Co., Ltd. has conducted a public tender offer for Shinko Trading Co., Ltd. and since the total number of shares in applications exceeds the minimum, all shares will be purchased. Offer price is 1,580 yen per share, and the tender period is from May 18, 2026 to August 3, 2026 (55 business days). After the purchase, the target becomes a consolidated subsidiary of the tender offeror and falls under a specific subsidiary. Settlement commencement date is August 10, 2026.\n\n### Outlook and Effects\nThe target\u2019s shares are expected to lose trading continuity on the Tokyo Stock Exchange Prime Market after delisting procedures. The tender offeror aims to acquire all shares of the target, and future procedures will be decided in consultation with the target and disclosed. The financial impact from becoming a specific subsidiary is currently under review, and any additional announcements will be disclosed promptly.","jir_financial_highlights":"Tender offer price: 1,580 \u5186 (Unknown)\nPlanned number of shares for purchase: 29,097,599 \u682a (Unknown)\nNumber of shares applied for: 20,938,007 \u682a (Unknown)\nPost-tender ownership shares: 21,453,007 \u682a (Unknown)\nVoting rights ownership ratio (after tender offer): 72.45\uff05 (Unknown)","jir_category":"","jir_hashtags":"#KagaElectronics, #TOB, #ShinkoTrading, #JapanEquities","jir_key_figures":"Tender offer price: 1,580 \u5186\nPlanned number of shares for purchase: 29,097,599 \u682a\nNumber of shares applied for: 20,938,007 \u682a\nPost-tender voting rights ratio: 72.45%\nTotal voting rights of the target's shareholders: 295,931 \u4ef6","jir_meta_title":"\u3010Kaga Electronics\u3011Shinko Trading TOB results and specific subsidiary status\uff5cAugust 2026","jir_meta_description":"Public disclosure of Kaga Electronics\u2019 purchase of Shinko Trading stock. Offer price 1,580 yen; number of applications exceeded the cap, and a full purchase is conducted. Post-offer voting rights percentage expands to 72.45%. Details on future procedures related to becoming a specific subsidiary are included.","jir_og_title":"\u3010Kaga Electronics\u3011Shinko Trading TOB results and specific subsidiary status","jir_og_description":"Public disclosure of Kaga Electronics\u2019 public tender offer for Shinko Trading shares. Offer price 1,580 yen, applications exceeded the minimum and full purchase completed. Next steps involve becoming a specific subsidiary and delisting procedures.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8968,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-93958","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n