Sakusa Co., Ltd., as a special controlling shareholder, submitted a stock sell-out request on February 19, 2026, requiring all minority shareholders to sell their shares at ¥2,650 per share. The company's board approved this request, which aims to make the company a wholly-owned subsidiary of Sakusa following a prior public tender offer process.
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Summary
Sakusa Co., Ltd., as a special controlling shareholder, submitted a stock sell-out request on February 19, 2026, requiring all minority shareholders to sell their shares at ¥2,650 per share. The company's board approved this request, which aims to make the company a wholly-owned subsidiary of Sakusa following a prior public tender offer process.
Sakusa Corporation completed a tender offer for the company's ordinary shares from December 19, 2025 to February 9, 2026, acquiring 1,815,103 shares. Upon settlement on February 17, 2026, Sakusa will become the parent company with 93.30% voting rights, exceeding the 50% threshold required for parent company status.
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Summary
Sakusa Corporation completed a tender offer for the company's ordinary shares from December 19, 2025 to February 9, 2026, acquiring 1,815,103 shares. Upon settlement on February 17, 2026, Sakusa will become the parent company with 93.30% voting rights, exceeding the 50% threshold required for parent company status.