TOKYO, May 12 (Pulse News Wire) – Kyocera Corporation (6971.T) announced today its decision to participate in KDDI's self-tender offer by submitting part of its holdings in KDDI common shares. The tender offer was approved by KDDI's board of directors on May 12.
Kyocera plans to tender approximately 53,763,400 ordinary shares of KDDI at a price of ¥2,325 per share, resulting in a total expected sale amount of ¥125.0 billion. However, due to potential variations in other shareholders' participation, there is a possibility that not all of the 53,763,400 shares offered by Kyocera may be purchased. The move reflects Kyocera's long-term strategy to enhance its corporate value through strategic cooperation with KDDI. Kyocera has been a founding shareholder of KDDI's corporate lineage since 1984 and has maintained a significant stake since the company's formation, contributing to long-term strategic cooperation across the communications and energy sectors. Following the receipt of KDDI's proposal and thorough evaluation, Kyocera determined that the conditions of the tender offer were reasonable.
Post-tender, Kyocera expects to retain its status as a major shareholder but with a reduced number of shares held. Additionally, KDDI has indicated a preference for future sales of remaining shares to consider market impact. Prior to the tender offer, Kyocera owned 562,133,600 shares of KDDI, representing 14.77% of KDDI's outstanding shares. After the tender, assuming all submitted shares are bought back, Kyocera would own 508,370,200 shares, accounting for 13.35% of KDDI's outstanding shares. The tender period runs from May 13 to June 9, 2026, with settlement commencing July 1, 2026.
Kyocera anticipates minimal impact on its consolidated performance forecast for the fiscal year ending March 2027.
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