Source disclosure: February 19, 2026
Mitsubishi Heavy Industries,Ltd. [7011.T]
TOKYO, Feb 19 (Kyodo) - Mitsubishi Heavy Industries, Ltd., represented by President Eiji Ito and listed under code number 7011 on the Tokyo, Nagoya, Fukuoka, and Sapporo stock exchanges, has announced the completion of an open tender offer initiated by LVJ Holdings 2 General Partnership for shares and subscription rights of its subsidiary, Mitsubishi Logisnext Co., Ltd.
In accordance with the announcement made on September 30, 2025, regarding the privatization contract involving Mitsubishi Logisnext, the company entered into a basic transaction agreement with LVJ Holdings 2 General Partnership to facilitate an open tender offer for Mitsubishi Logisnext's common stocks and subscription rights. The tender process began on January 21, 2026, as previously communicated on January 20, 2026. This tender offer concluded on February 18, 2026, after receiving sufficient bids that met or exceeded the minimum threshold set forth in the initial terms. For detailed results of the tender offer, interested parties can refer to Mitsubishi Logisnext’s public disclosure released today titled "Results of Public Tender Offer by LVJ Holdings 2 General Partnership and Changes in Major Shareholders."
Mitsubishi Heavy Industries did not participate in this tender offer but plans to sell its holdings in Mitsubishi Logisnext through the latter's own share repurchase program following the successful conclusion of the tender offer. Subsequently, the company intends to reinvest these proceeds back into LVJ Holdings 2 General Partnership; however, Mitsubishi Logisnext will no longer be considered part of Mitsubishi Heavy Industries' consolidated subsidiaries post-repurchase.
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