Komori
M&A and Subsidiary Changes5903SHINPO CO.,LTD.Construction and Materials

(Correction) Notice of Partial Correction to the “Notice Regarding the Implementation of an MBO and Recommendation to Tender Shares”

In the opinion report concerning the MBO, the number of shares held by the tender offeror and its affiliates was corrected from 22,022,900 shares to 2,022,900 shares. The ownership ratio remains 36.78%.

Worth reading
50Recurring
Scored from 2 of 3 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
20000000
Shares
Wording
Definitive
How definitive the wording is.

The document this correction applies to

Timely disclosure
Notice Regarding the Implementation of an MBO and Recommendation to Tender Shares2026-04-28

What was corrected and how

A subsequent correction by the company to the contents of an already published filing.

Original disclosure28 April 2026

Notice Regarding the Implementation of an MBO and Recommendation to Tender Shares

Open the original document
2 daysThe pre-correction wording stayed published for this period (Calculated from the Original Disclosure Date Indicated in the Document)
This correction2026-04-30
Location of correction (where in the original document)

Appendix 1, this opinion report, 4. Reasons for the Recommendation, (4) Review of the Fairness of the Procedures for the Transaction, e. Ensuring Opportunities for Other Acquirers to Submit Acquisition Proposals

Before correction

22,022,900 shares (ownership ratio: 36.78%)

After correction

2,022,900 shares (ownership ratio: 36.78%)

Reason for correction

Because certain information in the opinion report attached as Appendix 1 required correction

What was corrected and how
ItemDetails
Disclosure subject to correctionNotice Regarding the Implementation of an MBO and Recommendation to Tender Shares
Original disclosure date28 April 2026
Location of correctionAppendix 1, this opinion report, 4. Reasons for the Recommendation, (4) Review of the Fairness of the Procedures for the Transaction, e. Ensuring Opportunities for Other Acquirers to Submit Acquisition Proposals
Details of correction22,022,900 shares (ownership ratio: 36.78%) → 2,022,900 shares (ownership ratio: 36.78%)
Reason for correctionBecause certain information in the opinion report attached as Appendix 1 required correction
Items this document does not state (1)
Impact on Business Performance

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.

Because certain information in the opinion report attached as Appendix 1 required correction.

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.
(Correction) Notice of Partial Correction to the “Notice Regarding the Implementation of an MBO and Recommendation to Tender Shares” | SHINPO CO.,LTD. (5903) timely disclosure | Komori