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Nobuyuki Yamamoto's "Stock Research File": A surge in the dissolution of parent-child listings erupted two years after the Tokyo Stock Exchange's request for a PBR recovery to 1 times.
A stock that can be considered a symbol of parent-child listings has finally been fully consolidated into a subsidiary. NTT <9432.T> decided on the 8th at its board meeting to fully consolidate the NTT Data Group <9613.T> (supervised). The TOB (Tender Offer Bid) price is 4,000 yen per share, and the total acquisition amount is expected to be about 2.37 trillion yen. Calculated at 4,000 yen per share, NTT Data's Market Cap would reach 5.61 trillion yen. Since NTT already holds 57.7% of the Shares, barring any significant changes, it seems very likely.
Mitsubishi Foods continues to rise, narrowing the gap to Mitsubishi Corporation's TOB price of 6,340 yen.
The major food wholesale company Mitsubishi Foods <7451.T> (under management) continues to rise. At one point, it reached a price of 6,340 yen, up 120 yen from the previous day. After the market close on the 8th, Mitsubishi Corporation <8058.T> announced that it would conduct a TOB (Tender Offer for Shares). The stock price of Mitsubishi Corporation is also rising. Mitsubishi Corporation will conduct the TOB for Mitsubishi Foods at 6,340 yen per share. The lower limit for the number of shares to be purchased is set at 7.1 million shares, with no upper limit imposed. The purchase deadline is June 19, and Mitsubishi Foods is expected to be (Delisted) after the TOB is successful.
<Today's Individual Materials> Fukuda Electric, Koken, Enshu, Tanaka Chemical Research, etc. (announced on the 8th)
▽ Fukuda Electric <6960.T> raised its consolidated financial estimates for the fiscal year ending March 2025, increasing the year-end dividend forecast from 85 yen to 110 yen (previous year's result: 105 yen). ▽ Koken <7963.T> revised upwards its consolidated profit estimates for the cumulative second quarter (January to June) of the fiscal year ending December 2025. ▽ Enshū <6218.T> adjusted its consolidated profit and loss estimates for the fiscal year ending March 2025, widening the deficit. ▽ Tanaka Chemical Research <4080.T> forecasts continuing losses for its standalone performance in the fiscal year ending March 2026. ▽ NTV HD <9404.T>, March 2028.
Mitsubishi Corporation Initiates Tender Offer for Mitsubishi Shokuhin Shares
Key points of interest for the PTS on the 8th = NTV HD, NINTENDO CO LTD, BASE, ETC.
▽ NTV HD <9404.T> announced a new medium-term management plan, with the final year being March 2028. The goal is to expand the content Business and achieve consolidated revenue of 540 billion yen (the previous year's results were 461.9 billion yen) and operating profit of 58 billion yen (the same as 54.9 billion yen) in the final year. ▽ Mitsubishi Foods <7451.T> announced a TOB (Tender Offer for Stocks) at 6,340 yen, aiming for complete subsidiary status through Mitsubishi Corporation <8058.T>. ▽ NINTENDO CO LTD <7974.T> aims for revenue of 1 trillion 900 billion yen in the fiscal year ending March 2026.
Express News | Mitsubishi Corp - Announcement of Commencement of Tender Offer for Shares in Mitsubishi Shokuhin Co