DIJET INDUSTRIAL CO.,LTD. [6138.T]
TOKYO, May 15 (Pulse News Wire) – Dijet Industrial CO.,LTD. (6138.T) announced today that its existing plan to defend against large-scale share buybacks would continue until the conclusion of its upcoming annual shareholders' meeting scheduled for June May 15, 2026.
The board decided unanimously to extend the plan, subject to shareholder approval, after reviewing changes to the scope of covered share purchases and adding criteria for coordinated behavior recognition. Under the revised plan, known as the Current Plan, DIJET will require potential acquirers to submit detailed information and undergo a review process lasting up to 60 days for cash-only tender offers and up to 90 days for others. The company's aim is to ensure sufficient time for shareholders to evaluate proposals and consider alternatives presented by the board. DIJET’s Corporate Governance Code adherence includes ensuring fair treatment of stakeholders and transparent operations.
The firm emphasizes maintaining balanced growth across its three main product categories: cutting tools, wear-resistant and impact tools, and superhard alloy materials. It also focuses on expanding overseas markets, particularly in Europe, America, and Asia Kakkokutou. The company's strategy involves fostering innovation and adapting to evolving market demands while preserving long-term value for shareholders. With a history dating back to 1938, DIJET continues to prioritize sustainable growth through technological advancements and robust internal controls.
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