Source disclosure: January 09, 2026
CANON ELECTRONICS INC. [7739.T]
TOKYO — Canon Electronics Inc., represented by President Ken Hashimoto (Code No.: 7739, Prime Market of Tokyo Stock Exchange), announced on January 9, 2026, that it has set the record date for convening an extraordinary shareholders' meeting scheduled to take place around late March 2026.
The company's board decided during today’s board meeting to establish the record date necessary for convening the extraordinary shareholders’ meeting. This is aimed at determining which shareholders will be eligible to exercise voting rights at the meeting. The record date set for this purpose is February 27, 2026, and only those shareholders listed in the final shareholder register as of that day will have the right to vote at the extraordinary shareholders' meeting.
The announcement also detailed the planned agenda items for the extraordinary shareholders' meeting. According to information released on November 28, 2025, Canon Inc., the controlling shareholder, intends to initiate procedures to make Canon Inc. the sole shareholder of Canon Electronics Inc. if its tender offer for all outstanding shares of Canon Electronics Inc. does not result in full acquisition. Specifically, should Canon Inc. acquire more than 90% of the total voting rights after the tender offer, it plans to request from other shareholders the sale of their entire holdings under Article 179 of Japan's Companies Act. Alternatively, if Canon Inc.'s shareholding falls short of 90%, it will propose a merger of shares and amendments to the articles of incorporation to eliminate the minimum unit holding requirement following the completion of the tender offer. Canon Inc. has requested Canon Electronics Inc. to convene such an extraordinary shareholders' meeting around late March 2026 and expects support from the company's board for these proposals.
In anticipation of the need for such a meeting, Canon Electronics Inc. has pre-set the record date. Further details regarding the exact date, time, location, and specific agenda items will be communicated once finalized. However, Canon Electronics Inc. stated that it would refrain from convening the extraordinary shareholders' meeting and utilizing the established record date if either the tender offer fails to materialize or if Canon Inc. proceeds with the mandatory buyout due to exceeding the 90% threshold post-tender offer.
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