(Update on Previously Disclosed Matter) Notice Regarding the Completion of Our Review of the Proposal by 株式会社日本産業推進機構 to Acquire Our Shares
Makino Milling Machine Co.,Ltd. (filing company)
Common shares of the Company
The Company determined that there were concerns regarding the feasibility of the proposal because it could not be said that obtaining clearance under the Foreign Exchange and Foreign Trade Act was highly likely, and, if financing could not be obtained from foreign co-investors, the funds required to execute the transaction might not be secured. In addition, because the proposal's growth strategy was similar to the Company's existing business plan, and taking into account the deterioration in its financial position that would result from executing the transaction, the Company was unable to reach the conclusion that the proposal would contribute to improving corporate value compared with maintaining its listing independently.
Related procedures
Recommendation under the Foreign Exchange and Foreign Trade Act to discontinue the acquisition (issued to MMホールディングス)
Minister of Finance and Minister of Economy, Trade and Industry
Company response
Special Committee established by the Company (chair's name and establishment date: Not disclosed)
The Company will implement various measures to enhance corporate value, including improving profitability, improving asset efficiency and enhancing shareholder returns, as disclosed in its business plan. As part of these efforts, it also resolved to repurchase ¥6 billion of its own shares.
| Item | Details |
|---|---|
| Event name | (Update on Previously Disclosed Matter) Notice Regarding the Completion of Our Review of the Proposal by 株式会社日本産業推進機構 to Acquire Our Shares |
| Date of occurrence | 31 July 2026 (the date the Company responded that it would not accept the proposal and resolved to conclude its review) |
| Subject Entity | Makino Milling Machine Co.,Ltd. (filing company) |
| Target Locations / Products | Common shares of the Company |
| Cause | The Company determined that there were concerns regarding the feasibility of the proposal because it could not be said that obtaining clearance under the Foreign Exchange and Foreign Trade Act was highly likely, and, if financing could not be obtained from foreign co-investors, the funds required to execute the transaction might not be secured. In addition, because the proposal's growth strategy was similar to the Company's existing business plan, and taking into account the deterioration in its financial position that would result from executing the transaction, the Company was unable to reach the conclusion that the proposal would contribute to improving corporate value compared with maintaining its listing independently. |
| Type of litigation or proceeding | Recommendation under the Foreign Exchange and Foreign Trade Act to discontinue the acquisition (issued to MMホールディングス) |
| Court or authority | Minister of Finance and Minister of Economy, Trade and Industry |
| Date of filing / date of action | 22 April 2026 (the date of the recommendation to MMホールディングス to discontinue the acquisition) |
| Investigation structure | Special Committee established by the Company (chair's name and establishment date: Not disclosed) |
| Outlook | The Company will implement various measures to enhance corporate value, including improving profitability, improving asset efficiency and enhancing shareholder returns, as disclosed in its business plan. As part of these efforts, it also resolved to repurchase ¥6 billion of its own shares. |
Items this document does not state (15)
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.The Company determined that there were concerns regarding the feasibility of the proposal because it could not be said that obtaining clearance under the Foreign Exchange and Foreign Trade Act was highly likely, and, if financing could not be obtained from foreign co-investors, the funds required to execute the transaction might not be secured. In addition, because the proposal's growth strategy was similar to the Company's existing business plan, and taking into account the deterioration in its financial position that would result from executing the transaction, the Company was unable to reach the conclusion that the proposal would contribute to improving corporate value compared with maintaining its listing independently.