Taiyo Pacific Partners to take Star Micronics private

Star Micronics announced its financial results for the third quarter of FY2025, reporting net sales of 51.64 bn yen, operating income of 3.75 bn yen, ordinary income of 3.98 bn yen, and net income attributable to owners of parent of 2.73 bn yen, all showing an increase year-over-year. Concurrently, the company announced a tender offer from Solsticia Corporation, a subsidiary of Taiyo Pacific Partners, to acquire all outstanding shares at 2,210 yen per share, aiming for privatization. The tender offer period is from November 13, 2025, to December 25, 2025.

The board of directors of Star Micronics supported the tender offer, citing its potential to enhance corporate value by enabling long-term strategic reforms without short-term market pressures. The company also announced the abolition of its Restricted Share Compensation Plan and will acquire all restricted shares without consideration following the tender offer’s successful completion. Additionally, the year-end dividend forecast for FY2025 has been revised to "No Dividend," conditional on the tender offer's success, given the impending delisting.

Key leadership changes include Seigo Sato becoming senior managing executive officer in charge of machine tools and special products divisions, and Yasunao Sasai becoming managing executive officer in charge of development headquarters, effective January 1, 2026.