Jamco: BCJ-92 completes tender offer, changes ownership structure

JAMCO Corporation [TSE:7408] announced the successful completion of the tender offer for its common shares by BCJ-92 on May 23, 2025. As a result, BCJ-92 will become a new major shareholder, holding 12,101,090 shares, representing 45.06% of voting rights. Additionally, BCJ-91, the parent company of BCJ-92, will also become an affiliated company of JAMCO. Conversely, ITOCHU Corporation will no longer be an affiliated company or the largest major shareholder after tendering 4,393,850 shares. The company also had to make corrections to its fiscal year 2025 report due to an error made in accounting for retirement benefit obligations. This correction reduces net assets to JPY18,844 million, and its net asset ratio is now 16.3%. Due to these corrections, the numbers related to per-share net assets and comprehensive income have been revised as well.