Worth reading
47Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
12
Business daysWording
Conditional
How definitive the wording is.This transaction
This tender offerCounterpartyKAGA ELECTRONICS CO.,LTD.
Disclosing companyShinko Shoji Co.,Ltd.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Type of ConsiderationCash (¥1,580 per common share)
Tender offer price¥1,580 per common share
Minimum number of shares to be purchased19,226,700 shares
Tender offer period18 May 2026 to 14 July 2026 (42 business days)
Funding arrangementsTo be funded by borrowings from MUFG Bank, Ltd. (the bank financing)
Procedures and assumptions
Conditions Precedent to ExecutionThe bank financing is subject to the successful completion of this tender offer. Approval by an extraordinary shareholders' meeting is required for the share consolidation following the successful completion of the tender offer.
Management structure after acquisitionThe offeror plans to make the target company a wholly owned subsidiary by owning all of the target company's shares, excluding treasury shares held by the target company. The corporate name, representative and treatment of employees are Not disclosed
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | KAGA ELECTRONICS CO.,LTD. |
| Name of the Subject Company | Shinko Shoji Co.,Ltd. |
| Type of Consideration | Cash (¥1,580 per common share) |
| Tender offer price | ¥1,580 per common share |
| Minimum number of shares to be purchased | 19,226,700 shares |
| Tender offer period | 18 May 2026 to 14 July 2026 (42 business days) |
| Funding arrangements | To be funded by borrowings from MUFG Bank, Ltd. (the bank financing) |
| Date of board resolution | 15 May 2026 (the target company's board of directors) |
| Execution Date / Effective Date | 22 July 2026 (settlement start date, after the change) |
| Conditions Precedent to Execution | The bank financing is subject to the successful completion of this tender offer. Approval by an extraordinary shareholders' meeting is required for the share consolidation following the successful completion of the tender offer. |
| Management structure after acquisition | The offeror plans to make the target company a wholly owned subsidiary by owning all of the target company's shares, excluding treasury shares held by the target company. The corporate name, representative and treatment of employees are 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 ratioNumber of shares acquiredVoting rights ownership percentageGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract 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 offeror explained that it extended the tender offer period after comprehensively considering the status of shareholder tenders and the outlook for further tenders, in order to provide shareholders with an additional opportunity to consider whether to tender their shares.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.