YAGEO Expects Upcoming Meeting With Shibaura Electronics
2025/06/04YAGEO (TWSE: 2327) has launched a tender offer to acquire the shares of SHIBAURA ELECTRONICS CO., LTD. (TSE: 6957) (“Shibaura”), a globally recognized leader in NTC (negative temperature coefficient) thermistor manufacturing with strong technological capabilities on May 9, 2025.
Today, YAGEO is delighted to share that Shibaura has proposed a meeting with YAGEO. YAGEO hopes to take this opportunity to get to know each other better and potentially to further discuss what the two companies can achieve together. The meeting has now been scheduled. YAGEO remains committed to its core belief that open and sincere communication builds trust, clears up misunderstandings, and is the key to success. YAGEO earnestly believes that this meeting can be the start of a fruitful long-term cooperation.
In the field of electronic components, Japan is, and has long been, a world leader in technology – a fact that YAGEO deeply acknowledges, admires, and respects. YAGEO believes that Japanese companies possess immense potential to further enhance their operational performance and achieve even greater global market leadership by leveraging additional resources and expansive global sales channels.
Technology is core to Shibaura’s DNA, it is why Shibaura has been the leader in NTC technology, and YAGEO observed that this is one of the key considerations in Shibaura’s evaluation of YAGEO’s proposal. YAGEO is not here to change Shibaura’s DNA. YAGEO looks forward to Shibaura continuing to take the lead on NTC technology with YAGEO’s added resources, further investments and ultimately its global platform. YAGEO is here to protect, bolster, and promote globally Shibaura’s technology.
YAGEO understands that the path to managing a sustainable and successful business also requires considerations for its customers and the nuanced cultural differences of operating in different global markets. This is why YAGEO continues to believe that each of YAGEO and Shibaura’s comparative strengths will complement each other and propel Shibaura’s business to a new level.
YAGEO strongly believes that this cooperation is an opportunity to achieve greater economic success without compromising Japanese technology while providing a global platform for Shibaura and all of its stakeholders.
About YAGEO
Founded in 1977 and headquartered in Taiwan, YAGEO is a global service provider of electronic
component solutions, offering a broad selection of passive component technologies from some of the industry’s most recognized brands. Today, YAGEO has consolidated sales of around 4BN USD and employs more than 40,000 individuals around the world. With 61 manufacturing sites located in 35 countries and 20 R&D centers, YAGEO has a leading portfolio of electronic components as well as global production and sales capabilities designed to meet the diverse requirements of customers and a full range of end market segments.
For further information, please contact:
Investor and Public Relations, YAGEO (English and Chinese)
TEL: +886-2-66299999 Ext. 3296
Email: ir@yageo.com
Japanese Media Inquiries (Japanese)
TEL: +81 3 6721-5438
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Important Information
This purpose of this press release is to inform the public of the tender offer and has not been prepared for the purpose of soliciting an offer to sell, or making an offer to purchase, any securities. If shareholders wish to make an offer to sell their shares in the tender offer, they should first read the explanation statement for the tender offer and offer their shares or stock options for sale at their own discretion. This press release shall neither be, nor constitute a part of, an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities, and neither this press release (or a part thereof) nor its distribution shall be interpreted to be the basis of any agreement in relation to the tender offer, and this press release may not be relied on at the time of entering into any such agreement.
Although the tender offer will be conducted in accordance with the procedures and information disclosure standards prescribed under Japanese law, those procedures and standards may differ from the procedures and information disclosure standards in the United States. In particular, Sections 13(e) and 14(d) of the U.S. Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act”), and the rules prescribed thereunder, do not apply to the tender offer, and therefore the tender offer does not conform to those procedures and standards.
Unless otherwise specified, all procedures relating to the tender offer shall be conducted entirely in Japanese. While some or all of the documentation relating to the tender offer will be prepared in English or Chinese, if there is any inconsistency between the English or Chinese documentation and the Japanese documentation, the Japanese documentation will prevail.
The offeror, the financial advisors to the offeror, and the tender offer agent (including their respective affiliates) may purchase the target’s shares by means other than the tender offer to the extent permitted by Rule 14e 5(b) of the U.S. Exchange Act, applicable laws and regulations in Japan, and other applicable laws and regulations. Such purchases may be made at the market price through market transactions, or at a price determined by negotiation outside of the market. In the event that information regarding such purchases is disclosed in Japan, such information will also be disclosed in a similar manner in the United States, including on the English website of the person conducting such purchases. |
