ツインバード President Nomizu Shigeaki (野水 重明) told The Asahi Shimbun in an exclusive interview that he rejected the acquisition proposal from ジャパネットホールディングス announced in June at the end of August. He indicated that the company intends to pursue growth independently going forward.
ツインバード is a home-appliance manufacturer based in Tsubame City that sells products including fully automatic coffee makers, and has recorded net losses in its financial results for the past 2 years. Sales of refrigerators and washing machines struggled during last year's year-end shopping season, prompting the company to decide to scale back the business and recognize impairment losses. As a result, it took a cautious view of the proposal to make it a wholly owned subsidiary through a tender offer. President Nomizu indicated that he believes the impairment losses and losses were among the factors behind the tender offer.
Following ジャパネット's withdrawal of its tender offer, the article emphasized ツインバード's intention to pursue growth independently going forward. The president explained the company's path to independent growth in response to questions from the interviewer. The company indicated an approach of exploring a long-term growth strategy centered on reorganizing its product lineup and responding to market conditions.