Tohoku Steel Co., Ltd. manufactures, processes, and distributes various types of special steel products in Japan. The company offers heat resistant and stainless steel materials, magnetic materials, and low thermal expansion alloys; special alloys, including ferrous and non-ferrous alloys; precision processed products, such as cold-/warm-forged NNS, torque sensor, automobile high pressure pump parts, and machined and processed composite products; heat treatment products; and automatic coercive force meters. Tohoku Steel Co., Ltd. was incorporated in 1937 and is based in Shibata, Japan.
Implementation of squeeze-out procedures to make remaining shareholders only Daido Steel and certain co-holders
Execution of stock consolidation (share merger)
Amendment to articles of incorporation to abolish unit share provisions
Convening of extraordinary shareholders' meeting for these purposes
2026-05-22
Tokyo Refractory Co., Ltd.
8.36%
increase
✓ Activist
Non-participate in public takeover bid by co-holder
Support squeeze-out procedure to make remaining shareholders limited to bidder and specific co-holders
Support share consolidation at extraordinary general meeting
Sell shares to company at agreed price following share consolidation
Refrain from exercising shareholder rights (voting, convening requests) until transaction completion
2026-05-22
Okaya Co., Ltd.
9.96%
increase
Passive
Not participate in public tender offer for Tohoku Special Steel shares
Vote in favor of stock consolidation (squeeze-out) at shareholder meeting
Transfer all shares to issuer through treasury stock acquisition after squeeze-out completion
2026-05-22
Hikari Tsushin K.K.
55.42%
+33.77%
change
Passive
—
2025-09-29
Hikari Tsushin K.K.
21.65%
+0.21%
change
Passive
—
2025-04-30
Hikari Tsushin K.K.
21.44%
+1.0%
change
Passive
—
2024-03-04
Hikari Tsushin K.K.
20.44%
+1.0%
change
Passive
—
2024-01-11
FMR LLC
1.26%
-4.28%
change
Passive
—
2023-12-27
Hikari Tsushin K.K.
19.44%
+4.39%
change
Passive
—
2023-11-22
FMR LLC
5.54%
change
Passive
—
2023-11-22
Hikari Tsushin K.K.
15.05%
+4.6%
change
Passive
—
2023-09-04
Hikari Tsushin K.K.
10.45%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-15
19:00
TOB
¥4491.0/sh 65.7%
Daidou Special Steel (関連会社) announced a tender offer for all outstanding shares of Tohoku Special Steel at 4,491 JPY per…
Summary
Daidou Special Steel (関連会社) announced a tender offer for all outstanding shares of Tohoku Special Steel at 4,491 JPY per share, targeting complete privatization. The bidder owns 34.32% currently; major shareholders holding 39.61% have committed not to tender. Post-completion, a share consolidation (squeeze-out) and self-share acquisition are planned to achieve 100% ownership by October 2026.
Deadline: 2026-06-29% of Shares: 65.7%Shares: 4,877,759