Komori
M&A and Subsidiary Changes4769IC CO.,LTD.Information and Communications, Services and Others

Notice Regarding Tendering Shares into a Tender Offer and Expected Recognition of Extraordinary Income

The company decided to tender all 53,500 shares of Tokyo Nissan Computer System Co., Ltd. it held into the tender offer conducted by Canon Marketing Japan Inc., reducing its post-tender shareholding to zero. If the tender offer is completed, the company expects to recognize ¥88 million in extraordinary income as a gain on the sale of investment securities.

Worth reading
50Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
93
百万円(売却予定総額)
Wording
Avoiding a definitive answer
How definitive the wording is.

This transaction

This tender offer
CounterpartyCanon Marketing Japan Inc.
Disclosing companyIC CO.,LTD.
東京日産コンピュータシステム株式会社Subject of this transactionNumber of shares acquired 53,500株(議決権の数:Not disclosed)
TimelineThe spacing between the points is proportional to the actual number of days.13 days from 決議 to 実行.
Consideration and expenses
Acquisition price93百万円(売却予定総額)
Type of Consideration現金(普通株式1株につき1,748円)
Tender offer price普通株式1株につき1,748円(新株予約権の買付価格:Not disclosed)
Tender offer period2023年8月10日から2023年9月25日(営業日数:Not disclosed)
Amount of extraordinary income (loss)投資有価証券売却益88百万円(2023年9月期に特別利益として計上見込み)
Impact on Business Performance

2023年9月期に88百万円の特別利益を計上する見込み。連結業績予想については、見通しが明らかになり次第、速やかに公表するとしている。

Procedures and assumptions
Conditions Precedent to ExecutionCompletion of this tender offer
This transaction
ItemDetails
Transaction nameThis tender offer
Counterparty nameCanon Marketing Japan Inc.
Name of the Subject Company東京日産コンピュータシステム株式会社
Acquisition price93百万円(売却予定総額)
Type of Consideration現金(普通株式1株につき1,748円)
Tender offer price普通株式1株につき1,748円(新株予約権の買付価格:Not disclosed)
Tender offer period2023年8月10日から2023年9月25日(営業日数:Not disclosed)
Number of shares acquired53,500株(議決権の数:Not disclosed)
Amount of extraordinary income (loss)投資有価証券売却益88百万円(2023年9月期に特別利益として計上見込み)
Impact on Business Performance2023年9月期に88百万円の特別利益を計上する見込み。連結業績予想については、見通しが明らかになり次第、速やかに公表するとしている。
Date of board resolution2023年9月19日
Execution Date / Effective Date2023年10月2日(決済の開始日)
Conditions Precedent to ExecutionCompletion of this tender offer
Items this document does not state (19)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioMinimum number of shares to be purchasedVoting rights ownership percentageFunding arrangementsGoodwill amountContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement 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.

対象会社の取締役会が本公開買付けへの賛同意見を表明していること、買付価格等の条件が妥当であると判断できることなどから、応募を決定したとしています。また、当社は対象会社株式を政策保有株式として保有していました。

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 Regarding Tendering Shares into a Tender Offer and Expected Recognition of Extraordinary Income | IC CO.,LTD. (4769) timely disclosure | Komori