KINDEN CORPORATION to acquire The Kodensha,Co.,Ltd. as wholly-owned subsidiary, TOB price set at 11,501 yen

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Mon May 25, 2026 5:38 pm JST Catalyst

KINDEN CORPORATION <1944> announced post-market on Monday that it will launch a tender offer for The Kodensha, Co., Ltd. <1948> to make it a wholly owned subsidiary, offering 11,501 yen per share. If the takeover is successful, Kodensha is expected to be delisted following standard procedures. Subsequently, Kodensha's parent company, Mitsubishi Electric Corporation <6503>, will transfer its entire stake of 4,485,620 shares (a 51.36% ownership ratio) to KINDEN for 36.15 billion yen.

The minimum threshold for the acquisition is set at 1,336,800 shares (a 15.31% stake), with no upper limit, and the offer period will run from May 26 to July 6. Kodensha has expressed support for the bid and recommended that shareholders tender their shares. KINDEN expects favorable conditions to persist in the electrical construction industry but notes that a medium- to long-term decline in skilled labor could trigger supply-side constraints. Through the acquisition, KINDEN aims to strengthen its business foundation and boost construction capabilities through collaboration. The Tokyo Stock Exchange placed Kodensha shares under supervision on Monday.

Source: MINKABU PRESS

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