Source disclosure: February 18, 2026
SENKO Group Holdings Co., Ltd. [9069.T]
TOKYO, Feb 18 (Kyodo) -- Senko Group Holdings Co., Ltd., represented by President Yasuhisa Fukuda and listed on the Tokyo Stock Exchange Prime Market under code number 9069, has announced an extension of its tender offer period for shares of Marunyu Co., Ltd., which is also listed on the Tokyo Stock Exchange Standard Market under code number 9067.
The tender offer began on January 26, 2026, as previously disclosed in a press release dated January 23, 2026. According to the latest update, the total number of shares tendered by the deadline on February 18, 2026, reached 9,553,829 shares, surpassing the minimum threshold of 3,200,400 shares required for the tender offer to proceed. As a result, the tender offer period will be extended until March 5, 2026, making it a total of 27 trading days from the original start date.
In addition to this extension, the company's board supports the tender offer and recommends that shareholders tender their shares. This recommendation follows the announcement made by Marunyu on the same day regarding the commencement of the tender offer. The company emphasizes measures taken to ensure fairness in the tender process, including safeguards against conflicts of interest and mechanisms designed to mitigate coercive elements typically associated with such offers.
Specifically, Senko Group Holdings has set a lower limit of 3,200,400 shares, representing 50.10% ownership, for the tender offer. If the total number of tendered shares reaches this threshold during the tender period, the company plans to extend the tender period by 10 additional trading days starting from the next business day after the announcement, unless the threshold is met within the first ten trading days. This approach aims to allow shareholders more time to consider whether they wish to participate in the tender offer without being influenced by the initial decision-making process regarding the transaction itself. Furthermore, regardless of the outcome of the tender offer, the company intends to implement a squeeze-out procedure if the offer is successful, while maintaining its commitment not to delist Marunyu even if the tender offer succeeds. These measures collectively aim to reduce any coercive aspects of the tender offer and provide more opportunities for Marunyu’s shareholders to participate.
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