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Counterpartyダルトン・インベストメンツ・インク (Dalton Investments, Inc.), ニッポン・アクティブ・バリュー・ファンド (NIPPON ACTIVE VALUE FUND PLC), エヌエーブイエフ・セレクト・マスター・ファンド・エルピー (NAVF Select (Master) Fund LP), ダルトン・インベストメンツ・エルエルシー (Dalton Investments LLC), ダルトン・アドバイザリー株式会社, Rosenwald Capital Management, Inc., ライジング・サン・マネジメント (Rising Sun Management Ltd.), Hikari Acquisition, Michael 1925, JMBO Fund Limited
Disclosing companyBunka Shutter Co.,Ltd.
Date of board resolution17 June 2026
Procedures and assumptions
Special CommitteeThe Independent Committee was established. It has 5 members: Kusunose Reiko (楠瀬玲子), Murakami Kayo (村上佳代), Fujita Shozo (藤田昇三), Abe Kazufumi (阿部和史), and Hayasaka Yoshihiko (早坂善彦), effective from 17 June 2026.
Conditions Precedent to ExecutionApproval and adoption of Proposal No. 4 at the 80th Annual General Meeting of Shareholders.
| Item | Details |
|---|---|
| Counterparty name | ダルトン・インベストメンツ・インク (Dalton Investments, Inc.), ニッポン・アクティブ・バリュー・ファンド (NIPPON ACTIVE VALUE FUND PLC), エヌエーブイエフ・セレクト・マスター・ファンド・エルピー (NAVF Select (Master) Fund LP), ダルトン・インベストメンツ・エルエルシー (Dalton Investments LLC), ダルトン・アドバイザリー株式会社, Rosenwald Capital Management, Inc., ライジング・サン・マネジメント (Rising Sun Management Ltd.), Hikari Acquisition, Michael 1925, JMBO Fund Limited |
| Name of the Subject Company | Bunka Shutter Co.,Ltd. |
| Date of board resolution | 17 June 2026 |
| Special Committee | The Independent Committee was established. It has 5 members: Kusunose Reiko (楠瀬玲子), Murakami Kayo (村上佳代), Fujita Shozo (藤田昇三), Abe Kazufumi (阿部和史), and Hayasaka Yoshihiko (早坂善彦), effective from 17 June 2026. |
| Conditions Precedent to Execution | Approval and adoption of Proposal No. 4 at the 80th Annual General Meeting of Shareholders. |
Items this document does not state (27)
Transaction nameBusiness 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 CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionManagement structure after acquisition
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