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M&A and Subsidiary Changes7733OLYMPUS CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding the Acquisition of Shares in BioProtect Ltd. (Making It a Subsidiary)

Olympus has decided to acquire all issued shares of BioProtect Ltd., an Israeli medical device manufacturer, making it a wholly owned subsidiary. The acquisition price is US$270 million (approximately ¥43.3 billion).

Worth reading
54Recurring
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
270
US$270 million (approximately ¥43.3 billion)
Wording
Conditional
How definitive the wording is.

This transaction

The acquisition
Disclosing companyOLYMPUS CORPORATION
BioProtect Ltd.Voting rights ownership percentageNumber of shares acquired 16,925,621 shares (number of voting rights: Not disclosed)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.

TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company

Research and development and manufacture of biodegradable balloon rectal spacers for prostate cancer

Location Netanya, IsraelShare capital ¥11,451 million (as of 31 December 2025)Date of incorporation 22 September 2004
Net Sales¥2,329 million (fiscal year ended December 2025)
Operating profit¥2,589 million loss (fiscal year ended December 2025)
Net income for the current fiscal year¥4,737 million net loss (fiscal year ended December 2025)
Net assets¥2,099 million negative net assets (fiscal year ended December 2025)
Consideration and expenses
Acquisition price$270 million (approximately ¥43.3 billion)
Impact on Business Performance

Currently under review

This transaction
ItemDetails
Transaction nameThe acquisition
Name of the Subject CompanyBioProtect Ltd.
Business Description of the Subject CompanyResearch and development and manufacture of biodegradable balloon rectal spacers for prostate cancer
Location of the Subject CompanyNetanya, Israel
Capital Stock of the Subject Company¥11,451 million (as of 31 December 2025)
Date of Establishment of the Subject Company22 September 2004
Net Sales of the Subject Company¥2,329 million (fiscal year ended December 2025)
Operating Profit of the Subject Company¥2,589 million loss (fiscal year ended December 2025)
Net Income of the Subject Company¥4,737 million net loss (fiscal year ended December 2025)
Net Assets of the Subject Company¥2,099 million negative net assets (fiscal year ended December 2025)
Acquisition price$270 million (approximately ¥43.3 billion)
Number of shares acquired16,925,621 shares (number of voting rights: Not disclosed)
Voting rights ownership percentageAfter 100% (before not disclosed)
Impact on Business PerformanceCurrently under review
Contract Date26 May 2026
Execution Date / Effective Date1 June 2026 (予定)
Items this document does not state (16)
Counterparty nameExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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 acquisition is intended to strengthen Olympus's ability to address unmet needs in cancer treatment, including prostate cancer, by focusing on the urology field and incorporating BioProtect's biodegradable balloon rectal spacer technology, expand its portfolio in adjacent therapeutic areas including gastroenterology and urology, and enhance the value it provides across the entire care pathway.

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Notice Regarding the Acquisition of Shares in BioProtect Ltd. (Making It a Subsidiary) | OLYMPUS CORPORATION (7733) timely disclosure | Komori