Naoto Kobayashi, President and Representative Director of Fujikoh Company.,Limited, made an offer to acquire an additional 77.17% stake in Fujikoh Company.,Limited (TSE:2405) for ¥2 billion in management buyout transaction on November 1, 2019. Naoto Kobayashi will acquire a maximum of 3.3 million shares at a price of ¥600 per share. The minimum number of shares to be acquired by Naoto Kobayashi are 1.9 million shares. The offer does not apply to 7.31% stake held by Yoshiko Kobayashi, 4.67% stake held by Tomohisa Uetake and 2.31% stake held by Tomoko Uetake. Naoto Kobayashi is planning that he will continue to manage Fujikoh Company after the transaction and Tomohisa Uetake will continue to operate as Director of Fujikoh Company after transaction. The offer was resolved by the Board of Directors of Fujikoh Company. The offer will run from November 5, 2019 to December 16, 2019. As of December 6, 2019, the offer period was changed to November 5, 2019 to December 20, 2019. Mizuho Securities Co., Ltd. acted as tender offer agent in the transaction. Yamada Consulting Group is appointed as financial advisor and Anderson Mori and Tomotsune is appointed as legal advisor by Fujikoh Company. Naoto Kobayashi completed the acquisition of 69.32% stake in Fujikoh Company.,Limited (TSE:2405) for ¥1.8 billion in management buyout transaction on December 20, 2019.