Source disclosure: February 05, 2026
SUIDO KIKO KAISHA,LTD. [6403.T]
TOKYO — Suido Kiko Kaisha Ltd., listed on the Tokyo Stock Exchange's Standard Market under code number 6403, announced today that its board of directors has endorsed and recommended to shareholders a tender offer by Meta Water Co. Ltd. for all outstanding common shares of Suido Kiko.
The company held a board meeting on February 5, 2026, where it resolved to support the tender offer and encourage shareholders to participate. This decision was made based on several key factors, including an agreement between Meta Water and Toray Industries Inc., which is currently the largest shareholder of Suido Kiko with a stake of 51.06 percent. The transaction aims to delist Suido Kiko’s stock from the Tokyo Stock Exchange after the acquisition process is completed.
Meta Water intends to acquire all issued ordinary shares of Suido Kiko except those owned by the company itself and Toray. The tender offer price set by Meta Water is ¥4,050 per share. According to the terms outlined in the tender offer documents, if the total number of shares tendered does not meet the minimum threshold of 669,400 (representing 15.60% of the outstanding shares), then no shares will be purchased. However, should the number exceed this limit, Meta Water will purchase all tendered shares.
Suido Kiko's board believes that the proposed deal aligns with the best interests of its shareholders due to the strategic partnership with Toray, which continues to play a significant role post-acquisition through ongoing technical collaboration and investment support. Additionally, the board highlighted that the non-public status of the company following the buyout could provide opportunities for focused growth and innovation without public market pressures.
For further details regarding the tender offer and related agreements, shareholders are advised to review the attached document titled "Notice Concerning Public Offering of Shares and Capital Business Alliance Between Our Company and Toray Industries Inc." included at the end of the announcement.
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