Worth reading
37Immaterial
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 offerCounterparty (target company)Shinko Shoji Co.,Ltd.
Disclosing companyKAGA ELECTRONICS CO.,LTD.
Execution Date / Effective Date22 July 2026 (settlement commencement date)
Consideration and expenses
Type of ConsiderationCash (¥1,580 per ordinary 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)
Procedures and assumptions
Conditions Precedent to ExecutionApproval of the proposal concerning the share consolidation at the extraordinary shareholders meeting (if approved, the share consolidation will take effect)
Management structure after acquisitionThe tender offeror plans to request a share consolidation so that it owns all shares of the target company, excluding treasury shares held by the target company. The corporate name, representative and treatment of employees: not disclosed
| 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 (¥1,580 per ordinary 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) |
| Execution Date / Effective Date | 22 July 2026 (settlement commencement date) |
| Conditions Precedent to Execution | Approval of the proposal concerning the share consolidation at the extraordinary shareholders meeting (if approved, the share consolidation will take effect) |
| Management structure after acquisition | The tender offeror plans to request a share consolidation so that it owns all shares of the target company, excluding treasury shares held by the target company. The corporate name, representative and treatment of employees: not disclosed |
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 CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionContract 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.After comprehensively considering the status of subscriptions by shareholders of the target company and the outlook for future subscriptions, in order to provide shareholders with a further opportunity to consider whether to tender their shares in the tender offer.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.