Source disclosure: January 08, 2026
SUNDAY CO.,LTD. [7450.T]
TOKYO, Jan 8 (Kyodo) - Sunday Co., Ltd., represented by President and CEO Junji Onami, has decided to cancel the issuance of its 14th tranche of subscription rights aimed at stock-based compensation options following a board meeting held on January 8. The company had previously resolved to issue these subscription rights based on provisions under Articles 236, 238, and 240 of Japan's Companies Act during a May 15, 2025, board meeting.
The decision to halt this issuance stems from the recent tender offer initiated by parent company AEON Co., Ltd. Sunday publicly endorsed AEON’s open offer to acquire shares and subscription rights of the company. In addition, the company recommended that shareholders tender their securities to AEON but advised against subscription right holders participating in the offer. According to AEON, if the tender offer is successful, it will result in Sunday becoming a wholly-owned subsidiary of AEON, leading to delisting of Sunday's ordinary shares from the Tokyo Stock Exchange.
Given these circumstances, Sunday concluded there would be no need to proceed with issuing new subscription rights tied to its ordinary shares post-delisting. Therefore, the company has conditionally canceled the planned issuance contingent upon the success of AEON's tender offer. The original plan was to allocate up to 156 subscription rights among three non-audit committee directors selected at the May 15, 2025, annual general meeting, each entitling them to subscribe for up to 15,600 ordinary shares.
For further details regarding the originally proposed issuance, investors can refer to the press release issued on May 15, 2025.
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