Dai Nippon Printing to proceed with Shinko Electric tender

Dai Nippon Printing (DNP) has confirmed its planned investment in JICC-04 Co., Ltd., a special purpose company managed by JIC Capital, along with Mitsui Chemicals. The investment will facilitate a tender offer for Shinko Electric Industries. All necessary regulatory approvals, including those in Japan, South Korea, Vietnam, and China, have been secured. The tender offer is set to commence on February 18, 2025, with the details available in the tender offeror's press release. DNP anticipates no changes to its FY2025/3 forecast as a result of this investment, and any impact on DNP's FY2025/3 financial results is expected to be minor.