SECOM CO., LTD. (TSE:9735) made an offer to acquire additional stake in Secom Joshinetsu Co., Ltd. (TSE:4342) from Nozawa Corporation (TSE:5237) , Nozawa Creation K.K., Shingo Nozawa, Maiko Saito and other public shareholders for ¥37.5 billion on May 28, 2021. Under the terms, the offer price per share is ¥6,350. As of May 28, 2021, Tender Offeror owns directly owns 6,951,052 Secom Joshinetsu's shares (ownership ratio, 54.03%) in addition to indirect holding of 52,500 Secom Joshinetsu's shares (ownership ratio, 0.41%). Tender Offeror intends to make Secom Joshinetsu a wholly owned subsidiary. The Tender Offeror has not set the minimum number of shares to be tendered for the offer and will purchase all of the shares tendered for the offer. Board of Directors of Tender Offeror resolved the transaction on May 28, 2021. The offer will start from May 31, 2021 to July 9, 2021. since it failed to acquire all ordinary shares of SECOM JOSHINETSU, SECOM and SECOM JOSHINETSU have decided to make SECOM JOSHINETSU a wholly owned subsidiary of SECOM by the Share Exchange.

SMBC Nikko Securities Inc. acted as financial advisor and due diligence provider, Uryu & Itoga acted as legal advisor, Yamada & Partners Certified Public Tax Accountants' Co., and Anderson Mori & Tomotsune LPC acted as due diligence providers to SECOM CO., LTD. Nomura Securities Co., Ltd. acted as financial advisor, Anderson Mori & Tomotsune LPC acted as legal advisor to Secom Joshinetsu Co., Ltd. Plutus Consulting Co., Ltd. acted as financial advisor and Akito Takahashi of Takahashi & Katayama Law Office acted as legal advisor to special committee.