Seika Corporation to acquire 11.58% stake in Tokyo Sangyo

Seika Corporation (TSE:8061) announced plans to acquire 3,321,800 shares of Tokyo Sangyo Co., Ltd. (Stock Code: 8070) on April 3, 2025. This acquisition, equivalent to 11.58% of Tokyo Sangyo's outstanding shares, is classified as an act of buying up shares, triggering disclosure requirements under Japan's Financial Instruments and Exchange Act. The decision was formalized by Akihiko Sakurai, President and Chief Executive Officer, and Yasumasa Kawana, Director, Senior Managing Executive Officer in charge of planning. The 11.58% stake is based on Tokyo Sangyo's outstanding share count as of December 31, 2024, which totaled 28,678,486 shares.