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Ship Healthcare launches ¥1,970-a-share tender offer to fully own Charm Care

Fri, Nov 06, 2026 18:00 JST Ship Healthcare Holdings (3360.T) Wholesale Trade 中文

Ship Healthcare Holdings (3360) said on Nov. 6 it will launch a tender offer at ¥1,970 per share for Charm Care Corporation (6062), an equity-method affiliate in which it indirectly holds 29.33%, with the aim of making it a wholly owned subsidiary.

Offer price (common share)¥1,970 per share
Offer periodNov. 9-Dec. 21, 2026 (30 business days)
Minimum tender12,194,500 shares (37.25%)
Current indirect stake9.6 million shares (29.33%)

Ship Healthcare holds 9.6 million Charm Care shares through its wholly owned unit STK, the target's largest shareholder. STK has confirmed it will not tender its stake.

ItemDetail
Offer price (common share)¥1,970
Stock acquisition rights (Series 1-4)¥1 per unit
Offer periodNov. 9-Dec. 21, 2026
Minimum tender12,194,500 shares (37.25%)
Maximum tenderNone

The offer will not proceed if tendered shares fall short of the minimum, which was set so that Ship Healthcare's direct and indirect voting rights would reach at least two-thirds of the total. If only the minimum is purchased, its ownership ratio would be 66.73%, the company said.

Ship Healthcare signed a tender agreement on Nov. 6 with Takahiko Shimomura, Charm Care's chairman and CEO and second-largest shareholder. Shimomura will tender 5,280,000 of his 5,313,600 shares (16.13%), excluding 33,600 restricted shares, and agreed not to exercise or tender his 1,740 stock acquisition rights and to waive them if the offer succeeds.

Charm Care's board expressed support for the offer and recommended that shareholders tender, while leaving the decision to holders of stock acquisition rights.

Next steps: The tender offer runs from Monday, Nov. 9, to Monday, Dec. 21, 2026, a period of 30 business days.


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