Results of the Tender Offer for Our Shares by Daido Steel Co.,Ltd., an Other Affiliated Company, and Changes in the Parent Company and Other Affiliated Company
Tohoku Steel Co.,Ltd.; Daido Steel Co.,Ltd.
Common shares of Tohoku Steel Co.,Ltd.
As 1,753,204 shares were tendered in the tender offer and all of them will be acquired
¥7,873 million (acquisition price; excluding advisory fees and other expenses)
The impact on the offeror's earnings forecast for the current fiscal year is currently under review. If any matter requiring disclosure arises, it will be disclosed promptly.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
25,495 voting rights (34.32%). Calculated based on the number of issued shares and treasury shares as of 31 March 2026
43,027 voting rights (57.93%). Calculated based on the number of issued shares and treasury shares as of 31 March 2026
Related procedures
Tender offer and procedures for changes in shareholders and the parent company
Tokyo Stock Exchange, Inc.
The offeror plans to carry out a series of procedures to make the offeror and the remaining shareholders the Company's only shareholders. As a result, the Company's shares are expected to be delisted in accordance with the Tokyo Stock Exchange's delisting criteria. The specific procedures, implementation dates and other details will be determined in consultation with the offeror and disclosed promptly once decided.
Details of the future procedures and implementation schedule will be announced promptly once determined.
| Item | Details |
|---|---|
| Event name | Results of the Tender Offer for Our Shares by Daido Steel Co.,Ltd., an Other Affiliated Company, and Changes in the Parent Company and Other Affiliated Company |
| Date of occurrence | 29 June 2026 (tender offer closing date) |
| Date recognized / date notice received | 30 June 2026 (date on which the offeror reported the results of the tender offer) |
| Subject Entity | Tohoku Steel Co.,Ltd.; Daido Steel Co.,Ltd. |
| Target Locations / Products | Common shares of Tohoku Steel Co.,Ltd. |
| Cause | As 1,753,204 shares were tendered in the tender offer and all of them will be acquired |
| Amount of Impact on Business Performance | ¥7,873 million (acquisition price; excluding advisory fees and other expenses) |
| Impact on Earnings Forecast | The impact on the offeror's earnings forecast for the current fiscal year is currently under review. If any matter requiring disclosure arises, it will be disclosed promptly. |
| Type of litigation or proceeding | Tender offer and procedures for changes in shareholders and the parent company |
| Court or authority | Tokyo Stock Exchange, Inc. |
| Voting rights ownership percentage before the change | 25,495 voting rights (34.32%). Calculated based on the number of issued shares and treasury shares as of 31 March 2026 |
| Voting rights ownership percentage after the change | 43,027 voting rights (57.93%). Calculated based on the number of issued shares and treasury shares as of 31 March 2026 |
| Outlook | The offeror plans to carry out a series of procedures to make the offeror and the remaining shareholders the Company's only shareholders. As a result, the Company's shares are expected to be delisted in accordance with the Tokyo Stock Exchange's delisting criteria. The specific procedures, implementation dates and other details will be determined in consultation with the offeror and disclosed promptly once decided. |
| Planned follow-up disclosure | Details of the future procedures and implementation schedule will be announced promptly once determined. |
Items this document does not state (11)
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.As 1,753,204 shares were tendered in the tender offer and all of them will be acquired, Daido Steel Co.,Ltd.'s voting rights ownership ratio will exceed 50%.