Source disclosure: February 25, 2026
YOMEISHU SEIZO CO.,LTD. [2540.T]
TOKYO — Yomeishu Seizo Co., Ltd., represented by President and CEO Eiyo Tanaka, announced today that its board of directors has endorsed a tender offer from Renon Corporation (hereinafter referred to as "the bidder") for the company's common shares and recommended shareholders consider whether to participate based on their own judgment.
The decision was made during a board meeting held yesterday. The tender offer is aimed at delisting Yomeishu Seizo’s shares following a series of procedures initiated by the bidder. This includes the potential squeeze-out of minority shareholders after the initial tender offer, followed by transferring all acquired shares to Tsumura Corporation (hereinafter referred to as "Tsumura"), which would then become the sole shareholder of Yomeishu Seizo.
Renon Corporation, established on August 21, 1986, with a capital of ¥10 million, intends to acquire all outstanding shares of Yomeishu Seizo except those held by the company itself and certain non-tendering agreements. According to the information provided, Renon has already entered into an agreement with Yomeishu Seizo's largest shareholder, Yuuzawa Corporation, not to tender 4,641,500 shares representing 33.34 percent of the total issued shares. Additionally, Renon has secured commitments from other significant shareholders including Mitsubishi UFJ Trust and Banking Corporation, Hachijuni Nagano Bank, Toa Reinsurance Company, and Mr. Tarō Shiozawa, totaling approximately 13.76 percent of the shares.
The tender offer price set by Renon is ¥4,050 per share. The board's endorsement came after careful consideration of the bidder's intentions and the implications of the proposed transaction structure. Notably, the board resolution was contingent upon ensuring fair treatment and transparency throughout the process, including securing approval from independent directors without any conflicts of interest.
Yomeishu Seizo emphasizes that while it supports the tender offer, the final decision rests withindividual shareholders. The company encourages them to carefully evaluate the terms and conditions of the offer before making a decision.
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