Source disclosure: February 10, 2026
SAWAFUJI ELECTRIC CO.,LTD. [6901.T]
TOKYO — Sawa Fuji Electric Co., Ltd. announced on February 10, 2026, that its board supports and recommends shareholders to tender their shares as part of an open offer initiated by ARTS-4 Corporation. The tender offer, which began on December 22, 2025, concluded on February 9, 2026.
The company reported that it received bids for a total of 2,444,362 ordinary shares, surpassing the minimum buyout target of 1,569,600 shares set by ARTS-4 Corporation. As a result, the tender offer was deemed successful, and all submitted shares will be acquired by ARTS-4 Corporation. This acquisition is expected to lead to significant changes in the ownership structure of Sawa Fuji Electric, including alterations to its controlling shareholder status.
Specifically, following the completion of the share transfer scheduled for February 17, 2026, ARTS-4 Corporation will become the primary shareholder holding more than 50% of the voting rights. Consequently, ARTS-4's parent entity, Japan Monozukuri Future Investment Limited Partnership (Japan Monozukuri Future Fund), will also indirectly hold shares in Sawa Fuji Electric, thereby qualifying as a controlling shareholder. Meanwhile, Hino Motors Ltd., currently the largest shareholder, will no longer qualify as the top shareholder after the transaction closes.
Details about the new major shareholder include: - Name: ARTS-4 Corporation - Location: Shinkawa Season Terrace, Minami-Kouhama 1-2-70, Minato Ward, Tokyo - Representative: Masataka Mizutani, President - Business Activities: Acquiring and owning Sawa Fuji Electric’s shares, and managing and supervising the company's business activities - Capital: ¥50,000 (as of December 19, 2025) - Established Date: August 12, 2025
Prior to the change, Hino Motors held approximately 30.29 percent of the voting rights, while ARTS-4 Corporation will take over with around 56.65 percent post-acquisition. These shifts highlight the substantial impact on Sawa Fuji Electric's governance and strategic direction moving forward.
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