Source disclosure: February 05, 2026
MCJ Co., Ltd. [6670.T]
TOKYO, Feb 5 (Reuters) - MCJ Co., Ltd., represented by President and COO Motoyasu Yasui, announced today that its board has approved a tender offer from BCPE Meta Cayman, L.P. The company also revised its dividend forecast for the fiscal year ending March 2026 to zero and decided to discontinue its shareholder benefits program effective from the same period.
The decision was made during a board meeting held on February 5, 2026, where the company's directors expressed their support for the management buyout (MBO) tender offer initiated by BCPE Meta Cayman, L.P. As part of this agreement, MCJ will not distribute any dividends for the fiscal year ending March 2026, marking a significant change from the previous forecast of ¥44 per share announced on May 14, 2025. This adjustment reflects the conditions set forth by the potential acquirer, which did not factor in an end-of-year dividend payment when determining the acquisition price.
MCJ had previously aimed for a payout ratio between 30% and 40%, with a target dividend yield of around 4.5%. However, given the terms of the tender offer, the board concluded that it would be more prudent to forego the planned dividend distribution as a condition for the successful completion of the MBO process. Furthermore, the company’s board resolved to terminate the existing shareholder benefit scheme, effective immediately following the conclusion of the current fiscal year. This move signifies the end of a longstanding tradition that provided perks to shareholders since the previous fiscal year, contingent upon the success of the tender offer.
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