This transaction
This transaction (a series of transactions including this share transfer)The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Electrical equipment construction, including the design, construction and contracting of interior wiring, transmission lines, power generation and substation facilities, telecommunications and air-conditioning facilities, as well as the sale of general-purpose electrical equipment, industrial electrical and electronic equipment, heating, cooling and housing equipment, and other products
The impact of this transaction and other factors is included in the consolidated earnings forecast for the fiscal year ending March 2027 announced by Mitsubishi Electric Corporation on 28 April 2026. If any matters requiring disclosure arise, the company will promptly make an announcement.
| Item | Details |
|---|---|
| Transaction name | This transaction (a series of transactions including this share transfer) |
| Counterparty name | KINDEN CORPORATION, The Kodensha,Co.,Ltd. |
| Name of the Subject Company | The Kodensha,Co.,Ltd. |
| Business Description of the Subject Company | Electrical equipment construction, including the design, construction and contracting of interior wiring, transmission lines, power generation and substation facilities, telecommunications and air-conditioning facilities, as well as the sale of general-purpose electrical equipment, industrial electrical and electronic equipment, heating, cooling and housing equipment, and other products |
| Location of the Subject Company | Chuo-ku, Tokyo |
| Capital Stock of the Subject Company | ¥1,520 million (as of 31 March 2026) |
| Date of Establishment of the Subject Company | 25 June 1917 |
| Net Sales of the Subject Company | ¥44,234 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥3,893 million (fiscal year ended March 2026) |
| Net Assets of the Subject Company | ¥25,182 million (fiscal year ended March 2026) |
| Acquisition price | Transfer price: ¥36,150 million (予定) |
| Type of Consideration | Cash (transfer price for this share transfer: ¥36,150 million (予定)) |
| Tender offer period | 26 May 2026–6 July 2026 (予定) |
| Number of shares acquired | 4,485,620 shares (number of voting rights: not disclosed) |
| Voting rights ownership percentage | Before 51.36% → after 0% |
| Impact on Business Performance | The impact of this transaction and other factors is included in the consolidated earnings forecast for the fiscal year ending March 2027 announced by Mitsubishi Electric Corporation on 28 April 2026. If any matters requiring disclosure arise, the company will promptly make an announcement. |
| Contract Date | 25 May 2026 |
| Execution Date / Effective Date | Effective date of the share consolidation: around late September 2026 (予定); closing date of the share transfer: around late September 2026 (予定) |
| Conditions Precedent to Execution | Following completion of the tender offer, implementation of procedures, including the share consolidation, to make Mitsubishi Electric Corporation and the tender offeror the only shareholders of The Kodensha,Co.,Ltd. |
| Management structure after acquisition | Following completion of this transaction, Mitsubishi Electric Corporation and The Kodensha,Co.,Ltd. will continue their business relationship as before. The corporate name, representative, and treatment of employees: not disclosed |
Items this document does not state (12)
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 Mitsubishi Electric Corporation proceeds with focused investment in key growth areas, strengthens its management base, promotes partnerships with external parties, and reorganizes and integrates its group companies, it determined that this transaction would be the optimal way to enhance the corporate value of both Mitsubishi Electric Corporation and The Kodensha,Co.,Ltd. and the common interests of their shareholders. Through the bidding process, it comprehensively considered the value of the shares, business strategies, synergies and dissynergies, employee treatment, governance structure, financing capabilities, and the interests of minority shareholders, and determined that KINDEN CORPORATION was the optimal buyer.