Source disclosure: February 10, 2026
CAN ON ELECTRONICS INC. [7739.T]
TOKYO — Can on Electronics Inc., represented by President Ken Hashimoto and listed on the Tokyo Stock Exchange Prime Market under code number 7739, announced today that it will convene an extraordinary shareholders' meeting scheduled for March 19, 2026, to discuss proposals related to share consolidation, abolition of unit share stipulations, and partial amendments to its articles of incorporation.
The company's ordinary shares (hereinafter referred to as "Can on Electronics shares") will temporarily meet the delisting criteria set forth by the Tokyo Stock Exchange during this process. As a result, Can on Electronics shares will be designated as a special listing from April 20 to April 21, 2026, after which they will be officially delisted from the Tokyo Stock Exchange Prime Market. This means that trading of these shares on the Tokyo Stock Exchange Prime Market will no longer be possible following their delisting.
The extraordinary shareholders' meeting is set to take place on March 19, 2026, starting at 9 AM at the company’s office located in Minami-misato Town, Kunitachi District, Saitama Prefecture. The agenda includes two main items: the proposal for share consolidation and the amendment of certain provisions within the company's articles of incorporation.
Regarding the share consolidation, Can on Electronics initiated a tender offer aimed at all outstanding shares except those held by Can on Inc., its controlling shareholder, and self-held shares. The tender offer period ran from December 1, 2025, to January 19, 2026. According to the results disclosed on January 20, 2026, Can on Inc. acquired 35,971,419 Can on Electronics shares, representing 87.94% ownership based on the total issued shares minus treasury stocks.
This transaction aims to consolidate Can on Electronics fully under Can on Inc.'s control. To ensure fairness and transparency throughout the negotiation process, Can on Electronics established an independent committee comprising three external directors who were tasked with reviewing the deal's merits and providing recommendations. Additionally, the company engaged Nomura Securities Co., Ltd., as a financial advisor and third-party evaluator, and Shimada Law Office as a legal advisor to oversee the transaction's compliance with regulatory standards and ethical considerations. These measures were designed to mitigate conflicts of interest and guarantee the integrity of the decision-making process.
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