Japan Post Holdings to acquire Tonami Holdings via subsidiary

Japan Post Holdings (TSE:6178) announced that its subsidiary, JWT Corporation, successfully completed its tender offer for shares of Tonami Holdings Corporation (TSE:9070). As a result, Tonami Holdings will become a consolidated sub-subsidiary of Japan Post Holdings, effective April 17, 2025. The tender offer, priced at JPY10,200 per share, saw JWT Corporation acquire 7,916,930 shares, bringing its ownership to 87.24%. The total acquisition cost amounted to JPY80.752 million. While a delisting of Tonami Holdings from the Tokyo Stock Exchange is anticipated, Japan Post Holdings plans to review operations and disclose its potential impact to financial performance.