Tohokushinsha responds to 3D Investment Partners on M&A strategy

Tohokushinsha Film Corporation announced on December 18, 2025, that it has responded to an additional letter from 3D Investment Partners Pte. Ltd. (3D) regarding its M&A strategy. This follows previous exchanges where 3D sent a letter on December 4, 2025, to which Tohokushinsha responded on December 9, 2025. 3D sent a follow-up letter on December 10, 2025, which Tohokushinsha addressed on December 12, 2025.

The latest communication from 3D, received on December 16, 2025, specifically questioned Tohokushinsha's M&A processes for acquisitions outside its media domain. 3D emphasized the need for board discussions, comprehensive minute-keeping, and objective verification of "best owner" status, especially when acquiring businesses outside Tohokushinsha’s core expertise.

In its response dated December 17, 2025, Tohokushinsha affirmed that its decision-making authority and processes are defined by internal regulations, ensuring appropriate governance. The company stated that all M&A decisions, regardless of whether they pertain to media or other business domains, will follow legal requirements and internal rules, including board resolutions for key matters. Tohokushinsha also committed to exercising its duty of care as a director, conducting rational information gathering, analysis, and deliberation for all acquisition targets.