Brother Industries, Ltd. (TSE:6448) made an offer to acquire remaining 37.8% stake in Nissei Corporation (TSE:6271) from Custody Bank of Japan, Ltd., Nissei Corporation Client Stock Ownership, CGML PB CLIENT ACCOUNT/COLLATERAL, ORIENTAL MOTOR CO., LTD., MSIP CLIENT SECURITIES, Nippon Life Insurance Company, Sumitomo Life Insurance Company, Nissei Corporation Employees Shareholding Plan, Tsubakimoto Chain Co and others for ¥16.6 billion on November 8, 2021. Brother Industries, Ltd. will acquire 11 million shares at price of ¥1500 per share. The minimum number of shares to be purchased has been set at 1.8 million shares.

The purchase period of tender offer is from November 9, 2021, to December 21, 2021.