Making Hulic the Parent Company Through a Tender Offer and a Private Placement of New Shares
First written in FY2024. 3 of 7 entries say "Advanced", first in 2026-10-13. Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 October 2026, the Company resolved to express its opinion in favor of the tender offer by its controlling shareholder and parent company, Hulic Co.,Ltd., for the Company’s common shares and these Stock Acquisition Rights, and to recommend that the Company’s shareholders and the holders of these Stock Acquisition Rights tender them.」
As the next step after becoming the parent company, the Company resolved to support and recommend participation in Hulic Co.,Ltd.’s tender offer aimed at making the Company a wholly owned subsidiary. The offer period is from 14 October to 26 November 2026, the purchase price for common shares is ¥295 per share, and the Company is expected to be delisted after completion. - FY2025-Q1AchievedAnnual report
「During the first quarter of the current consolidated fiscal year, Hulic Co.,Ltd. completed the payment for newly issued shares through a tender offer and a third-party allotment. As a result, Hulic Co.,Ltd. became the parent company of the Company as of 28 May 2024.」
Payment for Hulic Co.,Ltd.’s tender offer and private placement was completed, and it became the parent company on 28 May 2024. The private placement comprised 15,596,330 shares at an issue price of ¥218 per share, increasing stated capital and capital reserves by ¥1,699,999 thousand each. - FY2024First statedAnnual report
「At a meeting of the Board of Directors held on 8 April 2024, the Company resolved to express its opinion in favor of the tender offer by Hulic Co.,Ltd. for the Company’s common shares and, given that the tender offer would have a maximum number of shares to be purchased and that the Company’s shares were expected to remain listed on the Tokyo Stock Exchange Prime Market after the tender offer, and that it was sufficiently reasonable for the Company’s shareholders to choose to continue holding the Company’s shares after completion of the transaction, to take a neutral position and leave it to the Company’s shareholders to decide whether to tender their shares.」
The tender offer price was ¥320 per share, with 39,447,200 shares tendered, and settlement took place on 28 May 2024. In addition, the Company conducted a private placement of 15,596,330 shares to Hulic Co.,Ltd., making it the parent company after its voting rights ratio exceeded 50%.