Oricon Announces Tender Offer Results, Major Shareholder Changes Expected

TOKYO, Jul 15 (Pulse News Wire) – Oricon Inc. (4800.T) reported the results of its tender offer, which concluded on July 14.

A total of 1,074,000 shares were tendered against the target of 1,000,000 shares. As a result, the tender offer was successful, and the settlement process will begin on July 18. Additionally, major shareholder changes are anticipated due to the tender offer. Following the completion of the tender offer's settlement, Noro Corporation, which holds a significant stake in the company, will take control through indirect re-capitalization.

This move will make Oricon a wholly-owned subsidiary of Noro Corporation, leading to a shift in management structure. Noro Corporation, based in Chiyoda Ward, Tokyo, specializes in securities investment, management, and trading. It currently owns a substantial shareholding ratio of 6.8%, making it a key player in the company’s future direction. The transaction also involves transferring assets to a newly established asset management firm named Ponpon Co., Ltd., further consolidating Noro Corporation’s influence over Oricon.

This development marks a significant restructuring phase for Oricon, aligning with strategic shifts aimed at enhancing operational efficiency and governance.