Bospolder 1 launches Fujitec tender offer to take company private

Bospolder 1 K.K. initiated its tender offer for Fujitec Co., Ltd. shares and stock acquisition rights on November 14, 2025, following the satisfaction of all precedent conditions by November 13, 2025. The offer, first announced on July 30, 2025, aims to privatize Fujitec. The purchase price is JPY 5,700 per common share and JPY 5,699,000 per stock acquisition right. The tender offer period runs from November 14, 2025, to December 15, 2025, but may be extended to December 26, 2025, if Fujitec requests it.

Fujitec's board of directors, meeting on November 13, 2025, resolved to support the tender offer while leaving the decision to tender to shareholders and stock acquisition right holders. This decision respects recommendations from the Special Committee, which reviewed the offer terms, fairness, and potential impact on corporate value. Fujitec’s management believes the delisting will enhance corporate value by securing a stable shareholder structure and facilitating strategic initiatives under EQT’s support.

The tender offer requires a minimum of 45,518,941 shares to be purchased, ensuring that Bospolder 1, Uchiyama International, and Santo will collectively hold at least two-thirds of Fujitec’s voting rights, a prerequisite for a post-tender offer share consolidation. Funds for the acquisition are sourced from financial institution borrowings and capital contributions from Bospolder 1's parent company.