Worth reading
72In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
10
Business daysWording
Conditional
How definitive the wording is.This transaction
This tender offerDisclosing companyKAGA ELECTRONICS CO.,LTD.
Execution Date / Effective Date5 August 2026 (Wednesday) (settlement commencement date). The effective date of the share consolidation is Not disclosed
Target company
Net Sales¥99,113 million (fiscal year ended March 2026)
Operating profit¥1,201 million (fiscal year ended March 2026)
Net income for the current fiscal yearNet income attributable to owners of the parent: ¥1,127 million (fiscal year ended March 2026)
Consideration and expenses
Type of ConsiderationCash
Tender offer price¥1,580 per common share
Minimum number of shares to be purchased19,226,700 shares
Tender offer period18 May 2026 to 29 July 2026 (52 business days)
Procedures and assumptions
Conditions Precedent to ExecutionSubject to the completion of this tender offer, approval must be obtained at an extraordinary shareholders meeting of the target company for the share consolidation. Subject to the completion of this tender offer, no interim or year-end dividends will be paid for the fiscal year ending March 2027.
Management structure after acquisitionFollowing completion of this tender offer, the tender offeror intends to own all shares of the target company, excluding treasury shares held by the target company, through a share consolidation. The company name, representative, and treatment of employees are Not disclosed
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Name of the Subject Company | Shinko Shoji Co.,Ltd. |
| Net Sales of the Subject Company | ¥99,113 million (fiscal year ended March 2026) |
| Operating Profit of the Subject Company | ¥1,201 million (fiscal year ended March 2026) |
| Net Income of the Subject Company | Net income attributable to owners of the parent: ¥1,127 million (fiscal year ended March 2026) |
| Type of Consideration | Cash |
| 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 29 July 2026 (52 business days) |
| Execution Date / Effective Date | 5 August 2026 (Wednesday) (settlement commencement date). The effective date of the share consolidation is Not disclosed |
| Conditions Precedent to Execution | Subject to the completion of this tender offer, approval must be obtained at an extraordinary shareholders meeting of the target company for the share consolidation. Subject to the completion of this tender offer, no interim or year-end dividends will be paid for the fiscal year ending March 2027. |
| Management structure after acquisition | Following completion of this tender offer, the tender offeror intends to own all shares of the target company, excluding treasury shares held by the target company, through a share consolidation. The company name, representative, and treatment of employees are Not disclosed |
Items this document does not state (20)
Counterparty nameBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment 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.To provide the target company’s shareholders with a further opportunity to consider whether to tender their shares, taking into account the overall status of tenders by the target company’s shareholders and the outlook for future tenders.
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.