Worth reading
77Important
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
10
Business days (from 42 business days to 52 business days)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This tender offerCounterpartyKAGA ELECTRONICS CO.,LTD.
Disclosing companyShinko Shoji Co.,Ltd.
Consideration and expenses
Acquisition price¥1,580 per common share
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 periodFrom 18 May 2026 to 29 July 2026 (52 business days)
Impact on Business Performance
The Company resolved to revise its dividend forecast for the fiscal year ending March 2027 and pay neither an interim nor a year-end dividend (subject to the successful completion of this tender offer).
Procedures and assumptions
Conditions Precedent to ExecutionSubject to the successful completion of this tender offer, neither an interim nor a year-end dividend will be paid for the fiscal year ending March 2027.
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | KAGA ELECTRONICS CO.,LTD. |
| Name of the Subject Company | Shinko Shoji Co.,Ltd. |
| Acquisition price | ¥1,580 per common share |
| 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 | From 18 May 2026 to 29 July 2026 (52 business days) |
| Impact on Business Performance | The Company resolved to revise its dividend forecast for the fiscal year ending March 2027 and pay neither an interim nor a year-end dividend (subject to the successful completion of this tender offer). |
| Conditions Precedent to Execution | Subject to the successful completion of this tender offer, neither an interim nor a year-end dividend will be paid for the fiscal year ending March 2027. |
Items this document does not state (22)
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 CompanyExpenses other than the acquisition priceMerger ratio/share exchange ratioNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement 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 tender offeror explained that it had comprehensively considered 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.