Source disclosure: January 07, 2026
TSURUHA HOLDINGS INC. [3391.T]
TOKYO, Jan 7 (Reuters) - An investor group has launched a tender offer to acquire additional shares of Tsuruha Holdings Inc., aiming to reach a 50.9% stake in the company's voting rights following an initial public offering that fell short of this target.
In a statement released on January 7, 2026, Tsuruha Holdings Inc. (Tokyo Stock Exchange Prime Market code: 3391), led by Chairman and President Tsurubara Jun, announced that Aeon Co., Ltd. had not achieved its goal of acquiring 50.9% of the company’s voting rights through the previous tender offer. As a result, both parties have agreed to pursue further market purchases to achieve this objective. The agreement was reached based on discussions held after the results of the initial tender offer were disclosed on January 7, 2026.
Aeon plans to commence these additional share acquisitions from January 9, 2026, until April 30, 2026, with the aim of increasing its ownership to the targeted 50.9%. This move underscores Aeon's commitment to strengthening its position within Tsuruha Holdings Inc.
The original tender offer was first announced on December 2, 2025, as part of Aeon's strategic plan to consolidate control over Tsuruha Holdings Inc. Despite the initial shortfall, the new agreement sets out clear parameters for achieving the desired level of ownership, demonstrating a collaborative approach between the two companies.
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