Tender offer aimed at making Kyoei Sangyo Co., Ltd. a wholly owned subsidiary
First written in FY2025. 2 of 5 entries say "Advanced", first in FY2026-H1. Latest entry: FY2026.
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- FY2026AchievedAnnual report
「As of 18 July 2025, as part of the group's growth strategy, the company acquired 54.48% of the shares of 協栄産業 and made it a consolidated subsidiary. The company subsequently made it a wholly owned subsidiary as of 7 November 2025.」
Regarding 協栄産業, the company progressed from making it a consolidated subsidiary in July 2025 and completed the acquisition of all outstanding shares on 7 November 2025. The voting rights ratio after the acquisition was 100.00%. - FY2026-H1AdvancedAnnual report
「Effective 18 July 2025, as part of our Group's growth strategy, we acquired shares of 協栄産業株式会社, making it a subsidiary after the voting rights ratio reached 54.48%.」
The tender offer to make 協栄産業 a wholly owned subsidiary reached a voting rights ratio of 54.48% as of 18 July 2025, moving the transaction to the stage of making 協栄産業 a subsidiary. - FY2025First statedAnnual report
「At a meeting of the Board of Directors held on 30 May 2025, the company resolved to conduct a tender offer under the Financial Instruments and Exchange Act (Act No. 25 of 1948, including subsequent amendments) for all common shares of 協栄産業, which is listed on the Standard Market of the Tokyo Stock Exchange, excluding the shares of the target company owned by the company, the target company's treasury shares, and the shares of the target company owned by Mitsubishi Electric Corporation (hereinafter, "Mitsubishi Electric"), with the aim of acquiring the target company as a wholly owned subsidiary.」
As part of the growth strategy under Medium-Term Management Plan 2027, the company resolved to conduct a tender offer to make 協栄産業 a wholly owned subsidiary. The tender offer period was from 2 June to 11 July 2025, the offer price was ¥3,950 per share, and the purchase price was ¥8.7 billion, with borrowing of up to ¥10 billion planned.