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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Mitsui Fudosan Co., Ltd.    8801   JP3893200000

MITSUI FUDOSAN CO., LTD.

(8801)
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Mitsui Fudosan : to spend 120.5 billion yen on Tokyo Dome tender offer

11/27/2020 | 02:00am EST

TOKYO, Nov 27 (Reuters) - Japanese property developer Mitsui Fudosan Co said on Friday it would pay 120.5 billion yen ($1.16 billion) to acquire ballpark operator Tokyo Dome Corp which has been under fire by a foreign activist.

Mitsui Fudosan, part of the Mitsui group of companies, aims to acquire all shares of Tokyo Dome through a tender offer (TOB), it said in a statement, adding Tokyo Dome will be delisted from Tokyo Stock Exchange.

Mitsui Fudosan will pay 1,300 yen per Tokyo Dome share in the TOB, according to the statement. The price amounted to a premium of 44.9% to Thursday's closing price.

Mitsui Fudosan's shares closed up 1.9% on Friday, while Tokyo Dome shares were up 16.7% at the day's upper price limit.

($1 = 104.0100 yen) (Reporting by Takashi Umekawa Editing by Shri Navaratnam)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
MITSUI FUDOSAN CO., LTD. -0.49% 2036 End-of-day quote.-5.68%
TOKYO DOME CORPORATION 0.08% 1296 End-of-day quote.-0.15%
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Financials
Sales 2021 1 922 B 18 523 M 18 523 M
Net income 2021 125 B 1 207 M 1 207 M
Net Debt 2021 3 484 B 33 568 M 33 568 M
P/E ratio 2021 15,7x
Yield 2021 2,13%
Capitalization 1 959 B 18 874 M 18 876 M
EV / Sales 2021 2,83x
EV / Sales 2022 2,75x
Nbr of Employees 20 864
Free-Float 93,2%
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Technical analysis trends MITSUI FUDOSAN CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 2 583,68 JPY
Last Close Price 2 036,00 JPY
Spread / Highest target 81,7%
Spread / Average Target 26,9%
Spread / Lowest Target -1,77%
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Managers and Directors
NameTitle
Masanobu Komoda President & Representative Director
Hiromichi Iwasa Chairman
Yoshikazu Kitahara Representative Director & Executive Vice President
Yasuo Onozawa Director & Executive Vice President
Takashi Yamamoto Director & Senior Managing Executive Officer