Ferrotec Corporation (6890) said on Nov. 6 its tender offer for Nihon Teikoki Seisakusho (6977) at ¥1,901 per share succeeded, with 1,083,273 shares tendered, above the 618,700-share minimum, giving it an 87.55% stake upon settlement.
The offer ran from Sept. 18 to Nov. 5, 2026, a period of 30 business days. It carried no upper limit, with a maximum of 1,237,203 shares to be purchased, and Ferrotec will buy all tendered shares.
| Item | Figure |
|---|---|
| Offer price | ¥1,901 per share |
| Maximum shares sought | 1,237,203 |
| Minimum condition | 618,700 shares |
| Shares tendered and purchased | 1,083,273 |
| Voting rights after offer | 10,832 |
| Ownership after offer | 87.55% |
Neither Ferrotec nor its specially related parties held shares before the offer. The ownership ratio is based on 1,237,203 shares (12,372 voting rights), calculated as the target's 1,240,000 issued shares as of June 30, 2026, less 2,797 treasury shares. Tokai Tokyo Securities and Monex Securities are handling settlement.
Nihon Teikoki Seisakusho, based in Nanto, Toyama Prefecture, and listed on the Tokyo Stock Exchange's Standard Market, was established on May 21, 1943. It manufactures and sells electronic components, mainly resistors, potentiometers, hybrid ICs and electronic equipment, and had capital of ¥724.4 million as of June 30, 2026.
Next steps: The target is set to become a consolidated subsidiary of Ferrotec on Nov. 12, 2026, the settlement start date. Ferrotec plans to promptly carry out squeeze-out procedures after settlement to make itself the sole shareholder and turn the target into a wholly owned subsidiary. Once executed, the target's shares will be delisted under TSE delisting criteria. Specific procedures will be decided in consultation with the target, which will announce them.
| Hob Co., Ltd. | |
| Offer price | ¥1,140 per share |
| Shobunsha Holdings | |
| Offer price | ¥752 per share |
| Charm Care Corporation | |
| Tender offer price | ¥1,970 per share |
| GEOSTR Corporation | |
| H1 net profit | ¥951 million (up 118.9%) |
| Dai Nippon Toryo Co., Ltd. | |
| H1 net profit attributable to owners | ¥3.43 billion (up 144.2%) |
| Shinto Paint Co., Ltd. | |
| Share exchange effective date | Feb. 25, 2027 (scheduled) |
| Up Garage Group | |
| Maximum shares to be purchased | 880,000 shares (11.09%) |
| Nakku | |
| H1 net income | loss of ¥62 million |
| M&A / TOB | 23 |
| Guidance | 83 |
| Buybacks | 28 |
| Dividends | 22 |
| Capital | 11 |
| Earnings | 275 |
| People | 2 |
Summaries of public disclosures by Japanese listed companies. Not investment advice; accuracy not guaranteed. Figures and dates in the TDnet originals prevail.
本站內容為日本上市公司公開開示之摘要整理，非投資建議，亦不保證正確。數字與日程以 TDnet 原文為準。
本サイトは日本の上場企業の適時開示を要約したものであり、投資助言ではありません。正確性は保証しません。数値・日程は TDnet の原文が優先します。