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M&A and Subsidiary Changes9502Chubu Electric Power Company,IncorporatedElectricity and gas

Notice Regarding the Results of the Tender Offer for Shares of 株式会社両毛システムズ (Securities Code: 9691)

The tender offer for shares of 株式会社両毛システムズ was successful, and 1,599,686 shares will be acquired. The tender offerors' voting rights ownership ratio will increase from 51.31% to 97.03%. Procedures to make the tender offerors the sole shareholders and delist the shares are planned.

Worth reading
76Important
Scored from 3 of 5 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
1599686
Shares
Wording
Conditional
How definitive the wording is.

This transaction

This tender offer
Counterparty株式会社ミツバ, Chubu Electric Power Company,Incorporated
Disclosing companyChubu Electric Power Company,Incorporated
Ryomo Systems Co., Ltd.Voting rights ownership percentageNumber of shares acquired 1,599,686 shares; number of voting rights: Not disclosed

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.

Execution Date / Effective Date15 July 2026 (settlement commencement date)
Consideration and expenses
Type of ConsiderationCash
Tender offer price¥5,200 per common share
Minimum number of shares to be purchased537,260 shares
Tender offer periodFrom 15 May 2026 to 8 July 2026 (39 business days)
Procedures and assumptions
Conditions Precedent to ExecutionThe total number of shares and other securities tendered must be at least 537,260.
Management structure after acquisitionThe tender offerors plan to carry out a series of procedures to make them the sole shareholders of the target company. If the procedures are completed, the target company's shares are expected to be delisted. Corporate name, representative and treatment of employees: Not disclosed
This transaction
ItemDetails
Transaction nameThis tender offer
Counterparty name株式会社ミツバ, Chubu Electric Power Company,Incorporated
Name of the Subject CompanyRyomo Systems Co., Ltd.
Type of ConsiderationCash
Tender offer price¥5,200 per common share
Minimum number of shares to be purchased537,260 shares
Tender offer periodFrom 15 May 2026 to 8 July 2026 (39 business days)
Number of shares acquired1,599,686 shares; number of voting rights: Not disclosed
Voting rights ownership percentageBefore 51.31% → after 97.03%
Execution Date / Effective Date15 July 2026 (settlement commencement date)
Conditions Precedent to ExecutionThe total number of shares and other securities tendered must be at least 537,260.
Management structure after acquisitionThe tender offerors plan to carry out a series of procedures to make them the sole shareholders of the target company. If the procedures are completed, the target company's shares are expected to be delisted. Corporate name, representative and treatment of employees: Not disclosed
Items this document does not state (20)
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 ratioFunding 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.

The policy following the tender offer remains unchanged from the Notice Regarding the Commencement of the Tender Offer dated 14 May 2026. A series of procedures is planned to make the tender offerors the sole shareholders of the target company.

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.
Notice Regarding the Results of the Tender Offer for Shares of 株式会社両毛システムズ (Securities Code: 9691) | Chubu Electric Power Company,Incorporated (9502) timely disclosure | Komori