Teikoku Electric Mfg to repurchase shares in tender offer

Teikoku Electric Mfg announced a tender offer to repurchase up to 1,300,100 of its common shares, representing 7.70% of its issued stock, at JPY 2,689 per share. This initiative, with a maximum acquisition cost of JPY 3,495,968,900, aims to enhance capital efficiency and shareholder returns. The tender offer period will run from November 19, 2025, to December 17, 2025.

The decision follows an indication from Mitsubishi Electric Mobility Corporation, Teikoku Electric Mfg’s third-largest shareholder, to sell all of its 1,286,400 common shares. Teikoku Electric Mfg seeks to mitigate potential market disruption from a large block sale and leverage a 10% discount from the November 17, 2025, closing price of JPY 2,988.

This tender offer aligns with Teikoku Electric Mfg’s new medium-term management plan to achieve a 100% total return ratio by the fiscal year ending March 31, 2027. The company's liquidity, as of September 30, 2025, stood at JPY 14.2 bn, projected to remain robust at JPY 10.7 bn post-acquisition.