Source disclosure: February 17, 2026
NIPPON PALLET POOL CO.,LTD. [4690.T]
TOKYO, Feb 17 (Kyodo) - Japan Pallet Rental Co., Ltd. has submitted an amended tender offer filing to the Kanto Local Finance Bureau on Friday regarding its previously announced tender offer for shares of Nippon Pallet Pool Co., Ltd. (stock code: 4690), listed on the Tokyo Stock Exchange's Standard Market.
The amendment follows a contract signed between Japan Pallet Rental and JR Freight Co., Ltd., the largest shareholder of Nippon Pallet Pool, on February 17. Under this agreement, JR Freight will tender all of its holdings in Nippon Pallet Pool, comprising 194,200 shares representing a 12.27% stake, to the tender offer initiated by Japan Pallet Rental starting from February 2.
Japan Pallet Rental initially announced its intention to acquire all outstanding common shares of Nippon Pallet Pool, excluding those it already owns and any treasury shares held by Nippon Pallet Pool itself, through a public tender offer aimed at making Nippon Pallet Pool a wholly-owned subsidiary. This move was first disclosed on January 30, 2026, and the tender offer commenced on February 2, 2026.
As part of this process, Japan Pallet Rental had earlier entered into agreements with other major shareholders of Nippon Pallet Pool, including Nippon Express Holdings Inc., which holds 180,000 shares or 11.37%. The recent amendment updates these initial announcements to reflect the additional commitment from JR Freight, thereby altering certain details within the original tender offer documentation. However, the company emphasized that this revision does not constitute a change in the terms and conditions of the buyout as defined under Article 27, Paragraph 3, Item 1 of the Financial Instruments and Exchange Act.
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