Fujitsu's Shinko Electric Industries tender offer to commence

Fujitsu Limited (TSE: 6702) announced today that JICC-04 Inc. will commence its previously disclosed tender offer for the shares of Shinko Electric Industries Co., Ltd., a consolidated subsidiary of Fujitsu. The tender offer period will run from February 18, 2025, to March 18, 2025. Fujitsu will not participate in the tender offer. As previously agreed, Fujitsu will transfer its remaining shares in Shinko Electric Industries through a share buyback program implemented by Shinko Electric Industries after the successful completion of the tender offer. This transaction aims to take Shinko Electric Industries private, with JICC-04 Inc. and Fujitsu becoming the sole shareholders.