YAGEO completes Shibaura Electronics tender offer, secures majority ownership

YAGEO Corporation today announced the successful completion of its tender offer for Shibaura Electronics' common shares, which concluded on October 20, 2025. The tender offer, executed through its intermediate holding company YAGEO Electronics Japan LLC, resulted in the acquisition of 13,313,084 shares. This exceeded the minimum tender threshold of 7,623,200 shares, leading to the purchase of all tendered shares at JPY 7,130 per share.

The settlement for these purchases will commence on October 27, 2025. Following this, YAGEO Electronics Japan LLC will become the new parent company and primary shareholder of Shibaura Electronics, holding an 88.32% ownership of voting rights. Consequently, YAGEO Corporation will indirectly own Shibaura Electronics.

Shibaura Electronics anticipates that its shares will be delisted from the Tokyo Stock Exchange Standard Market, following prescribed procedures, as a result of the change in ownership. Future details regarding the delisting and other related procedures will be announced promptly after discussions with YAGEO Electronics Japan.