Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
1599686
SharesWording
Conditional
How definitive the wording is.This transaction
This tender offerCounterparty株式会社ミツバ, Chubu Electric Power Company,Incorporated
Disclosing companyMITSUBA Corporation
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Execution Date / Effective Date15 July 2026 (settlement commencement date)
Consideration and expenses
Type of ConsiderationCash
Tender offer price¥5,200 per common share
Minimum number of shares to be purchased537,260 shares
Tender offer periodFrom 15 May 2026 to 8 July 2026 (39 business days)
Procedures and assumptions
Conditions Precedent to ExecutionThe total number of shares tendered must be at least 537,260, the minimum planned purchase.
Management structure after acquisitionA series of procedures will be carried out to make the tender offerors the sole shareholders of the target company. If these procedures are completed, the target company's shares are expected to be delisted. Corporate name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | 株式会社ミツバ, Chubu Electric Power Company,Incorporated |
| Name of the Subject Company | Ryomo Systems Co., Ltd. |
| Type of Consideration | Cash |
| Tender offer price | ¥5,200 per common share |
| Minimum number of shares to be purchased | 537,260 shares |
| Tender offer period | From 15 May 2026 to 8 July 2026 (39 business days) |
| Number of shares acquired | 1,599,686 shares; number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before 51.31% → after 97.03% |
| Execution Date / Effective Date | 15 July 2026 (settlement commencement date) |
| Conditions Precedent to Execution | The total number of shares tendered must be at least 537,260, the minimum planned purchase. |
| Management structure after acquisition | A series of procedures will be carried out to make the tender offerors the sole shareholders of the target company. If these procedures are completed, the target company's shares are expected to be delisted. Corporate name, representative and treatment of employees: Not disclosed |
Items this document does not state (20)
Business 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 priceMerger ratio/share exchange ratioFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial Committee
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 total number of shares tendered exceeded the minimum planned purchase of 537,260 shares, so all tendered shares were acquired. The tender offerors also plan to carry out a series of procedures to ultimately make themselves the sole shareholders of the target company.
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