Wood Friends to delist after Haseko increases stake

Wood Friends (TSE:8886) will be delisted from the Tokyo and Nagoya stock exchanges on July 11, 2025, following Haseko Corporation's successful acquisition of 90.38% of the company's shares through a tender offer completed on June 3, 2025. Haseko will now proceed with a share sale demand, acquiring the remaining shares at a price of JPY 1,720 per share. Wood Friends' board approved this demand on June 10, 2025. Trading in Wood Friends shares will be suspended starting July 10, 2025. This move is part of Haseko's plan to make Wood Friends a wholly-owned subsidiary, aiming to enhance long-term corporate value and streamline operations, enabling the company to access group financing.