Source disclosure: January 14, 2026
FUJITEC CO.,LTD. [6406.T]
TOKYO, Jan 14 (Kyodo) -- Fujitec Co., Ltd., represented by President Masayoshi Harada and led by Executive Director and Chief Financial Officer Hiroshi Yamamoto, announced today that its board of directors has resolved to submit proposals regarding share consolidation, abolition of the unit holding system, and partial amendments to the articles of incorporation to an extraordinary shareholders' meeting scheduled for February 20, 2026.
The company's common shares will be delisted from the Tokyo Stock Exchange Prime Market following these procedures due to non-compliance with listing rules. The shares will be designated as a special issue stock from February 20 until March 22, 2026, after which they will be officially delisted on March 23, 2026. Following this date, trading of Fujitec's shares on the Tokyo Stock Exchange Prime Market will no longer be possible.
Fujitec is responding to a tender offer initiated by Bospolder 1 Corporation, aimed at privatizing the company through a series of transactions. As detailed in Fujitec’s press release dated November 13, 2025, Bospolder 1 Corporation decided to launch a public tender offer for Fujitec's shares and subscription rights. According to the results disclosed on December 16, 2025, Bospolder 1 Corporation acquired 61,919,990 shares, representing 79.31% of Fujitec's issued capital, during the tender period from November 14 to December 15, 2025. This acquisition was part of broader efforts to consolidate control over Fujitec's operations and management.
In response to initial discussions between Fujitec executives and EQT AB, a Swedish private equity firm managing Bospolder 1 Corporation, the company's leadership considered various strategic options to enhance long-term growth and value creation. These deliberations began in July 2024 when EQT first approached Fujitec about potential collaborations to achieve the objectives outlined in their five-year mid-term business plan "Move On 5." By October 2024, Fujitec's executive team had engaged extensively with EQT, exploring how privatization could support further development under Move On 5 while leveraging EQT's global network and industry expertise.
Following receipt of a non-binding term sheet proposing a tender offer at a price of 5,500 yen per share — a premium of 6.65% above the closing price on October 11, 2024 — Fujitec's executives concluded that aligning with EQT would provide greater stability and support for executing Move On 5 amidst challenging market conditions, particularly concerning deteriorating performance in China. Despite recognizing potential drawbacks such as reduced stakeholder confidence and employee morale issues, Fujitec believes that the benefits of enhanced strategic focus and operational efficiency outweigh these risks.
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