Source disclosure: February 03, 2026
SANKO SANGYO CO.,LTD. [7922.T]
TOKYO — Sanko Sangyo Co., Ltd. announced on Friday that its board has supported and recommended shareholders to tender their shares as part of a management buyout (MBO) initiated by Baron Corporation. The company also revised its dividend forecast for the fiscal year ending March 2026, deciding not to distribute any dividends.
In a statement released following today's board meeting, Sanko Sangyo said it had approved Baron Corporation’s public tender offer for its ordinary shares. This decision was contingent upon the successful completion of the MBO process, which is expected to result in delisting of Sanko Sangyo's stock from the market. The company previously disclosed this information in a separate press release issued earlier today.
The board resolved to amend the dividend forecast initially published on May 15, 2025, stating that no interim or final dividends will be paid out for the fiscal year ending March 31, 2026. According to the revised plan, shareholders will receive neither an interim dividend nor a final dividend for the current fiscal period. Previously, the company had projected a per-share dividend of ¥10 during both the interim and final periods.
Sanko Sangyo emphasized that this adjustment reflects the comprehensive evaluation made by Baron Corporation regarding the terms of the tender offer. The company stated that while maintaining stable dividends remains a key component of its overall strategy, the unique circumstances surrounding the MBO necessitated this temporary change in policy. As such, the board believes that retaining funds internally will better position the company for future growth and strategic initiatives post-MBO.
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