Nittan Valve announces successful tender offer, special profit recording

Nittan Valve today announced the successful completion of the tender offer by ARTS-3 Co. for all of the company's holdings of Shin-Nittan common stock. Nittan Valve tendered its entire stake of 1,359,800 shares, all of which were purchased. The sale price was set at JPY 403 per share, totaling JPY 547 million. The transaction is scheduled to settle on April 21, 2025. As a result of this successful tender, Nittan Valve anticipates recording an extraordinary profit of JPY 270 million in its first quarter financial results for the fiscal year ending March 2026. The company plans to announce its consolidated earnings forecasts for the fiscal year ending March 2026 on May 14, 2025.