Source disclosure: February 02, 2026
KANDENKO CO.,LTD. [1942.T]
TOKYO, Feb 02 (Pulse News Wire) – Kandenko CO.,LTD. (1942.T) adjusted the number of shares offered through its share sale program after completing a self-buyback transaction.
On January 29, the company's board approved changes to the share offering plan, which was initially disclosed on the same day. In a separate announcement today, Kandenko revealed it had purchased a total of 5,392,700 shares of its own stock via ToSTNeT-3, the electronic trading system operated by the Tokyo Stock Exchange, for a total amount of ¥30 billion. As a result, the selling shareholder, Tokyo Electric Power Company, agreed to sell 5,188,900 shares back to the market.
Accordingly, the number of shares available for the buyback arrangement and the over-allotment option has been revised. Under the updated plan, the public offering will consist of 18,259,400 ordinary shares sold by Tokyo Electric Power Company, while the over-allotment option remains capped at 2,738,900 shares. Nomura Securities will manage the over-allotment process, borrowing up to 2,738,900 shares from Tokyo Electric Power Grid Corporation, a subsidiary of Tokyo Electric Power Company.
The final number of shares to be offered will be determined based on market conditions during the price-setting period from February 16 to February 19, 2026.
AI-translated content. 🟢 Confidence: High See terms • Original filing