Komori
Other Disclosures8154KAGA ELECTRONICS CO.,LTD.Trading & Wholesale

Summary of Notice Regarding the Commencement of a Tender Offer for Shares of Shinko Shoji Co.,Ltd. (Securities Code: 8141)

加賀電子 decided at a board meeting to conduct a tender offer for the common shares of Shinko Shoji Co.,Ltd. at ¥1,580 per share and make the company a wholly owned subsidiary. Following the successful completion of the tender offer, a squeeze-out through a demand for the sale of shares or a consolidation of shares is planned.

Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
45974206420
Yen (total purchase amount)
Wording
Conditional
How definitive the wording is.

Announced details

Tender offer for the common shares of Shinko Shoji Co.,Ltd.
Applicable field (uses covered by this announcement)

Sales of electronic components such as semiconductors; mutual complementation of product lineups and sales channels; EMS business; new businesses

Launch date18 May 2026 (planned commencement and implementation of the tender offer)
Contract Date15 May 2026 (date of the Board of Directors' resolution)
Relationship between the counterparty and the company
KAGA ELECTRONICS CO.,LTD.8154
Relationship with the Company

加賀電子 owns 515,000 shares of Shinko Shoji Co.,Ltd. (ownership ratio: 1.74%). There are no personnel ties. The companies have transactions involving the sale and purchase of products and other matters. Shinko Shoji Co.,Ltd. is not a related party of 加賀電子.

CounterpartyShinko Shoji Co.,Ltd. (Securities Code: 8141, Tokyo Stock Exchange Prime Market)

1-2-2 Osaki, Shinagawa-ku, Tokyo. Representative Director and President: Ogawa Tatsuya (小川達哉). Sales of electronic components, including integrated circuits and semiconductor devices, assembly products and electronic equipment, as well as related imports and exports. Capital stock: ¥9,501.93 million (as of 30 September 2025). Established on 25 November 1953.

Contract Value

¥45,974,206,420 (total purchase amount)

Offering price

¥1,580 per common share

Impact on Business Performance

Currently under review. If any matters requiring disclosure arise following the successful completion of the tender offer, they will be disclosed promptly.

Source (materials cited by the company)

The target company's Consolidated Financial Results Summary for the fiscal year ended March 2026 (Japanese GAAP), and the target company's 73rd Interim Report filed on 14 November 2025

Announced details
ItemDetails
Names of Products / Services CoveredTender offer for the common shares of Shinko Shoji Co.,Ltd.
CounterpartyShinko Shoji Co.,Ltd. (Securities Code: 8141, Tokyo Stock Exchange Prime Market)
Counterparty overview1-2-2 Osaki, Shinagawa-ku, Tokyo. Representative Director and President: Ogawa Tatsuya (小川達哉). Sales of electronic components, including integrated circuits and semiconductor devices, assembly products and electronic equipment, as well as related imports and exports. Capital stock: ¥9,501.93 million (as of 30 September 2025). Established on 25 November 1953.
Relationship with the Company加賀電子 owns 515,000 shares of Shinko Shoji Co.,Ltd. (ownership ratio: 1.74%). There are no personnel ties. The companies have transactions involving the sale and purchase of products and other matters. Shinko Shoji Co.,Ltd. is not a related party of 加賀電子.
Contract Value¥45,974,206,420 (total purchase amount)
Offering price¥1,580 per common share
Contract Date15 May 2026 (date of the Board of Directors' resolution)
Launch date18 May 2026 (planned commencement and implementation of the tender offer)
Applicable areaSales of electronic components such as semiconductors; mutual complementation of product lineups and sales channels; EMS business; new businesses
Impact on Business PerformanceCurrently under review. If any matters requiring disclosure arise following the successful completion of the tender offer, they will be disclosed promptly.
SourceThe target company's Consolidated Financial Results Summary for the fiscal year ended March 2026 (Japanese GAAP), and the target company's 73rd Interim Report filed on 14 November 2025
Items this document does not state (7)
Award/certification nameAwarding / certifying bodyRegistration number and expiry dateLocationLocation scaleQuantitative EffectsUsage history

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.

To enhance the medium- to long-term corporate value of both groups by mutually complementing their product lineups and sales channels, strengthening Shinko Shoji Co.,Ltd.'s EMS business by leveraging the Kaga Electronics group's manufacturing bases and procurement capabilities, and exploring new businesses through its CVC business.

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.
Summary of Notice Regarding the Commencement of a Tender Offer for Shares of Shinko Shoji Co.,Ltd. (Securities Code: 8141) | KAGA ELECTRONICS CO.,LTD. (8154) timely disclosure | Komori