Aica Kogyo aborts Takara Leaf Corporation acquisition
Aica Kogyo (TSE:4206) announced today that it has resolved to cancel its basic agreement to acquire shares of Takara Leaf Corporation and turn it into a subsidiary, effective immediately. The decision, made at a board meeting, reverses the prior announcement made on May 1, 2025 regarding the planned acquisition via share transfer. Aica Kogyo explained that while due diligence was conducted and negotiations were held, both companies ultimately failed to reach a final agreement on the terms of the share acquisition. Aica Kogyo stated that the termination of the acquisition will not impact its consolidated earnings forecast for the fiscal year ending March 2026, as the forecast did not factor in Takara Leaf Corporation's performance. While the acquisition is off the table, Aica Kogyo noted that discussions will continue with Takara Leaf Corporation regarding a potential collaborative relationship that could include capital and business alliances, and joint developments.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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