TOKYO, Jun 17 (Pulse News Wire) – Ikuyo CO.,LTD. (7273.T) announced today that its board of directors decided to increase its shareholding target for Kashiwagi Industry Co., Ltd.
(code: 7,256) from approximately 15% to around 29%. The revised plan aims to enhance strategic cooperation and accelerate structural reforms, including research and development efficiency and purchasing power enhancement. Originally, IKUYO aimed to acquire shares up to a holding ratio of 15% by September 2026. However, considering recent changes in the operating environment and ongoing negotiations, the company now plans to raise its stake to 29% by March 2027.
The initial acquisition was set to begin in April 2026 and continue until September 2026, but the timeframe has been extended to March 2027. As of March 31, 2026, IKUYO held approximately 4.8% of Kashiwagi Industry's shares based on the total number of outstanding shares of 45,339,002. This adjustment does not alter the classification of the share purchase as a public offering-like behavior under the Financial Instruments and Exchange Act. The increased shareholding is expected to solidify a robust strategic partnership, facilitating quicker responses to trends in next-generation automotive technology and enhancing operational synergies across domestic and global markets.
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