Topcon to delist from Tokyo Stock Exchange after MBO

Topcon Corporation announced an extraordinary shareholders' meeting on November 11, 2025, to approve a share consolidation and delisting from the Tokyo Stock Exchange Prime Market. This follows a tender offer by TK Co., Ltd., which resulted in the Tender Offeror holding 80.32% of Topcon's shares as of September 18, 2025. The company's shares are expected to be designated for delisting from November 11 to December 1, 2025, and will be delisted on December 2, 2025.

The share consolidation will occur at a ratio of 21,087,000 shares to 1 share, with an effective date of December 4, 2025. The Tender Offer Price was 3,300 yen per share. Shareholders with fractional shares will receive cash proceeds from the sale of those shares to the Tender Offeror Parent Company. The company believes the delisting and MBO will enhance long-term corporate value by facilitating business transformation and strategic investments.