Expansion of the electronics business through the acquisition of Elematec as a wholly owned subsidiary
First written in FY2025-H1. 1 of 3 entries say "Achieved", first in FY2025. Latest entry: FY2026.
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- FY2026RestatedAnnual report
「In January 2025, the company made Elematec Co., Ltd. a wholly owned subsidiary through a tender offer. Going forward, it will further strengthen cooperation between the two companies across all areas, including products, markets, regions, functions and personnel exchanges, and work to increase their corporate value further.」
The annual report also confirms the policy of strengthening cooperation following the full acquisition of Elematec. - FY2025AchievedAnnual report
「The group acquired 41.37% of the shares of its consolidated subsidiary Elematec and made it a wholly owned subsidiary.」
Regarding the tender offer policy presented in the first half of FY2025, the company acquired the remaining 41.37% of Elematec and completed its conversion into a wholly owned subsidiary. - FY2025-H1First statedAnnual report
「We believe that maintaining エレマテック's competitive advantages and achieving sustainable growth require agile and flexible decision-making and the effective use of the management resources of our group, including エレマテック. We therefore decided that the best course of action was to eliminate the structural conflicts of interest between us and エレマテック by making エレマテック a wholly owned subsidiary and to establish a structure enabling the rapid and flexible mutual use of the management resources of our group, including エレマテック. Accordingly, we decided to conduct a tender offer for エレマテック.」
The company resolved to launch a tender offer to make Elematec, a consolidated subsidiary in which it holds 58.63%, a wholly owned subsidiary. The tender offer period is from 30 October to 11 December 2024, the offer price is ¥2,400 per share, the planned number of shares to be purchased is 16,940,333, and the purchase consideration is approximately ¥40.6 billion.