Worth reading
32Immaterial
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
1580
¥ per shareWording
Definitive
How definitive the wording is.This transaction
This tender offerCounterparty (target company)Shinko Shoji Co.,Ltd.
Disclosing companyShinko Shoji Co.,Ltd.
Consideration and expenses
Type of ConsiderationCash
Tender offer price¥1,580 per share of the target company
Tender offer periodFrom 18 May 2026 to 3 August 2026
Procedures and assumptions
Conditions Precedent to ExecutionThe tender offer period is not expected to be extended, except where required by law
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | Shinko Shoji Co.,Ltd. |
| Name of the Subject Company | Shinko Shoji Co.,Ltd. |
| Type of Consideration | Cash |
| Tender offer price | ¥1,580 per share of the target company |
| Tender offer period | From 18 May 2026 to 3 August 2026 |
| Conditions Precedent to Execution | The tender offer period is not expected to be extended, except where required by law |
Items this document does not state (25)
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 ratioMinimum number of shares to be purchasedNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate 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 explanation of its position regarding the tender offer was reiterated in light of the market price of the target company's shares having remained temporarily above the tender offer price. KAGA ELECTRONICS CO.,LTD. explained that ¥1,580 is both the maximum price it can offer and the final price, with sufficient consideration given to the interests of the target company's general shareholders.
How to read this page
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