Tonami Holdings to become subsidiary of Japan Post subsidiary

Tonami Holdings (TSE:9070) will become a consolidated subsidiary of JWT Co., Ltd., a subsidiary of Japan Post Holdings, effective April 17, 2025, following the successful completion of JWT's tender offer for the company’s shares. JWT Co., Ltd. acquired 7,916,930 shares, meeting the minimum threshold of 6,036,500 shares specified in the offer, at a price of JPY 10,200 per share. This acquisition, totaling JPY 80,752 million, means that JWT Co., Ltd. will become the new parent company and largest major shareholder of Tonami Holdings, with 87.24% of the voting rights. Consequently, Japan Post Co., Ltd. and Japan Post Holdings Co., Ltd. also become parent companies of Tonami Holdings, indirectly owning the shares through JWT. Tonami Holdings anticipates that its shares will be delisted from the Tokyo Stock Exchange as a result of the change in control and is currently assessing the anticipated effects on future performance caused by the transfer of ownership.