Komori
M&A and Subsidiary Changes4088AIR WATER INC.Materials and Chemicals

Notice concerning the results of the tender offer for common shares of 歯愛メディカル Co., Ltd. (Securities Code: 3540) and the change in subsidiaries

The tender offer for 歯愛メディカル ended, and 20,177,973 shares were acquired. As a result, 歯愛メディカル is scheduled to become a consolidated subsidiary of AIR WATER INC. on 14 October 2025, followed by procedures to take the company private.

Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
30266
¥ million
Wording
Conditional
How definitive the wording is.

This transaction

This tender offer
Disclosing companyAIR WATER INC.
株式会社歯愛メディカルVoting rights ownership percentageNumber of shares acquired 20,177,973株(議決権の数:201,779個)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.

TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company

歯科診療用品全般の通信販売および卸売 他

Location Nomi, Ishikawa PrefectureShare capital 10,000 千円(2025 年6月 30 日現在)Date of incorporation 2000 年1月5日
Net Sales67,493 百万円(2024 年 12 月期)
Net income for the current fiscal year6,266 百万円(2024 年 12 月期)
Net assets27,396 百万円(2024 年 12 月期)
Consideration and expenses
Acquisition price30,266 百万円
Expenses other than the acquisition priceアドバイザリー費用等は含まれていません(別掲金額はNot disclosed)
Type of ConsiderationCash
Tender offer price普通株式1株につき1,500円
Minimum number of shares to be purchasedNone
Tender offer period2025年8月8日から2025年10月6日まで(39営業日)
Impact on Business Performance

Currently under review

This transaction
ItemDetails
Transaction nameThis tender offer
Name of the Subject Company株式会社歯愛メディカル
Business Description of the Subject Company歯科診療用品全般の通信販売および卸売 他
Location of the Subject CompanyNomi, Ishikawa Prefecture
Capital Stock of the Subject Company10,000 千円(2025 年6月 30 日現在)
Date of Establishment of the Subject Company2000 年1月5日
Net Sales of the Subject Company67,493 百万円(2024 年 12 月期)
Net Income of the Subject Company6,266 百万円(2024 年 12 月期)
Net Assets of the Subject Company27,396 百万円(2024 年 12 月期)
Acquisition price30,266 百万円
Expenses other than the acquisition priceアドバイザリー費用等は含まれていません(別掲金額はNot disclosed)
Type of ConsiderationCash
Tender offer price普通株式1株につき1,500円
Minimum number of shares to be purchasedNone
Tender offer period2025年8月8日から2025年10月6日まで(39営業日)
Number of shares acquired20,177,973株(議決権の数:201,779個)
Voting rights ownership percentageBefore 38.29% → after 78.65%
Impact on Business PerformanceCurrently under review
Date of board resolution7 August 2025
Execution Date / Effective Date2025年10月14日(予定。本公開買付けの決済の開始日)
Items this document does not state (12)
Counterparty nameOperating Profit of the Subject CompanyMerger ratio/share exchange ratioFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

本公開買付けの結果、2025年10月14日付で対象者が公開買付者の連結子会社となる予定であるため。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice concerning the results of the tender offer for common shares of 歯愛メディカル Co., Ltd. (Securities Code: 3540) and the change in subsidiaries | AIR WATER INC. (4088) timely disclosure | Komori