Dai Nippon Printing completes Shinko Electric stake investment

Dai Nippon Printing (DNP) [TSE: 7912] announced today the completion of its investment in a special purpose company (JICC-04), which aims to acquire shares of Shinko Electric Industries Co., Ltd. This follows DNP's initial press release on December 12, 2023, regarding its participation in the investment alongside JIC Capital (JICC) and Mitsui Chemicals. As part of the agreement, the special purpose company undertook a tender offer for Shinko Electric Industries' shares, which concluded on March 18, 2025. DNP has acquired a 15% voting stake in the special purpose company through a third-party allocation of common and preferred shares, with a total investment of approximately ¥857 billion. Further details regarding the tender offer's outcome are available in the tender offerer's press release.