YAGEO extends Shibaura Electronics tender offer amid regulatory review

Shibaura Electronics disclosed an amendment to the tender offer for its shares by YAGEO Electronics Japan, extending the offer period. This follows YAGEO Electronics Japan's withdrawal and resubmission of a notification to the Japanese Ministry of Finance and the competent minister via the Bank of Japan under Article 27, Paragraph 1 of the Foreign Exchange and Foreign Trade Act. This third notification, submitted with conditions, was accepted on August 27, 2025.

Consequently, the tender offer period, initially set to end on September 8, 2025, has been prolonged by 10 business days from the new submission date of August 27, 2025, now concluding on September 10, 2025. This decision extends the YAGEO tender offer period to 87 business days in total. YAGEO Electronics Japan anticipates receiving approval for the share acquisition by the latest, September 10, 2025.

Shibaura Electronics reiterated its commitment to continue discussions with its special committee to thoroughly consider both the YAGEO tender offer and the competing offer from MinebeaMitsumi Corporation. Any decisions will be promptly communicated to shareholders.