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MAKIYA hits daily limit up on capital and business alliance with KOBE BUSSAN CO.,LTD. <3038>

Wed May 27, 2026 9:28 am JST Catalyst

Shares of MAKIYA CO., LTD. <9890> remained locked at their daily limit-up on a glut of buy orders. The company announced after the market close on May 26 that it has entered into a capital and business alliance agreement with KOBE BUSSAN CO.,LTD. <3038>, fueling buying on expectations of business synergies.

MAKIYA operates the general discount store "ESPOT" as well as franchise stores of KOBE BUSSAN's "Gyomu Super." Through the alliance, the company aims to expand its prepared food lineup and achieve economies of scale through joint procurement. MAKIYA will acquire shares held by a founding family's asset management company through a self-tender offer. The tender offer price is set at 1,031 yen per share, representing a discount to the closing price of 1,200 yen on May 26. The company will purchase up to 4.34 million shares for a maximum total acquisition amount of approximately 4.48 billion yen. The tender offer period will run from May 27 to June 23.

In addition, MAKIYA will allocate 1.4 million treasury shares to KOBE BUSSAN at a disposal price of 1,198 yen per share, with the payment period running from July 15 to July 31. The funds raised will be used to repay borrowings incurred for the tender offer. KOBE BUSSAN is expected to become the largest shareholder with a 19.83% voting stake.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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