Source disclosure: February 12, 2026
WAKACHIKU CONSTRUCTION CO.,LTD. [1888.T]
TOKYO, Feb 12, 2026 (JCN Newswire via COMTEX) - ACVE Holdings LLC has decided to launch a tender offer to acquire common shares of Wakachiku Construction Co., Ltd. (Tokyo Stock Exchange Prime Market; code number 1888), as well as to conclude a capital business alliance agreement with Wakachiku Construction Co., Ltd. and Aozora Corporation. The company announced this decision today.
Wakachiku Construction Co., Ltd., represented by President Katsuhiko Uda, is listed on the Tokyo Stock Exchange's Prime Market under the stock code 1888. For inquiries, interested parties can contact Executive Director and Senior Managing Officer Ganpeki Nagahiro at TEL (03) 3492-0308.
The tender offer will be conducted based on a request from ACVE Holdings LLC, which was established on December 24, 2021, through an investment by Aozora Corporation (holding ratio 100%). As of February 12, 2026, ACVE Holdings does not own any ordinary shares of Wakachiku Construction listed on the Tokyo Stock Exchange Prime Market, but its parent company and representative member, Aozora Corporation, owns 5,424,200 shares (ownership ratio: 42.63%) of Wakachiku Construction. Excluding Aozora Corporation, no other entities within the Aozora Group (comprising 98 subsidiaries and 21 associated companies as of September 30, 2025) hold any shares of Wakachiku Construction.
The tender offer aims to acquire 1,071,262 shares (total ownership ratio: 8.42%) of Wakachiku Construction held by Sumitomo Mitsui Trust Bank (463,995 shares, ownership ratio: 3.65%), Sumitomo Mitsui Banking Corporation (315,025 shares, ownership ratio: 2.48%), and Chiba Bank (292,242 shares, ownership ratio: 2.30%). These acquisitions would bring Wakachiku Construction under the control of Aozora Corporation as a consolidated subsidiary.
Details of the tender offer include the following key points: - Target Company Name: Wakachiku Construction Co., Ltd. - Type of Securities: Ordinary Shares - Purchase Price per Share: JPY 4,455 - Duration of Offer Period: From February 13, 2026, to March 13, 2026 (20 trading days) - Settlement Start Date: March 23, 2026 - Number of Securities to Be Purchased: 1,071,262 shares
SMBC Nikko Securities Inc. will act as the agent for the public offering. Further specifics regarding the tender offer will be detailed in the Public Offering Notice submitted by ACVE Holdings LLC on February 13, 2026.
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