Source disclosure: February 18, 2026
KOHNAN SHOJI CO.,LTD. [3546.T]
TOKYO, Feb 18 (Kyodo) -- Kohnan Shoji Co., Ltd. (Tokyo Stock Exchange Prime Market; code 7516), has announced corrections to its February 12 press release regarding an open tender offer for shares of Aranza Holdings Co., Ltd. (code 3546). The company initiated the tender offer on February 13, aiming to acquire all ordinary shares of Aranza Holdings, excluding certain restricted shares and treasury stocks held by other entities.
The initial filing of the tender offer application contained some inaccuracies that required correction under Article 27, Paragraph 8 of the Financial Instruments and Exchange Law. Consequently, Kohnan Shoji submitted a revised application document today. This revision necessitates several adjustments in the original announcement, particularly concerning agreements made with major shareholders of Aranza Holdings.
Specifically, the corrected information pertains to agreements reached between Kohnan Shoji and key stakeholders of Aranza Holdings. These include agreements with Asakura & H.D., which is the third-largest shareholder of Aranza Holdings, holding 1,043,100 shares representing 3.45% ownership. Additionally, there is an agreement with Akira Asakura, who holds 275,639 shares, or 0.91%, including options for new share subscriptions from various years. When combined, these holdings amount to 1,312,739 shares, or 4.34%.
Furthermore, the board of directors of Aranza Holdings endorsed the tender offer during their meeting on February 18. They recommended that shareholders tender their shares to Kohnan Shoji while leaving the decision about exercising subscription rights to individual judgment due to restrictions on their exercise post-executive status loss. The board's detailed deliberation process can be found in the referenced sections of the press release and related documents.
In summary, Kohnan Shoji's tender offer remains active, targeting full acquisition of Aranza Holdings' ordinary shares after accounting for specified exclusions. The company continues to support this strategic move aimed at enhancing business synergies and operational efficiency within the retail sector.
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