Aisan Industry to launch tender offer for own shares

Aisan Industry (TSE:7283) will launch a tender offer to repurchase up to 6,600,000 of its own shares at a price of ¥1,710 per share, a 10% discount from the average closing price over the month ending February 21, 2025. This move aims to enhance shareholder returns and improve capital efficiency, and follows communication from Denso, Aisan's second-largest shareholder, to sell its entire stake in the company. Denso has agreed to tender its 5,500,000 shares and will dispose of any shares not acquired on the open market. The total cost of the buyback could reach ¥11.34 billion, funded by the company's own cash. The tender offer period is scheduled from February 26, 2025, to March 26, 2025. This action is aligned with Aisan's new mid-term plan, which prioritizes shareholder returns.