Inactive Instrument

Showa Aircraft Industry Co., Ltd.

7404

JP3368800003

Mitsui Engineering & Shipbuilding Co., Ltd. made an offer to acquire an additional 31.66% stake in Showa Aircraft Industry Co., Ltd. for ¥16.5 billion.

January 30, 2014 at 09:30 am IST

Mitsui Engineering & Shipbuilding Co., Ltd. (TSE:7003) made an offer to acquire an additional 31.66% stake in Showa Aircraft Industry Co., Ltd. (TSE:7404) for ¥16.5 billion on January 30, 2014. Under the terms of the deal, Mitsui Engineering will launch a tender offer for 10 million shares at an offer per share of ¥1650. In a related deal, Mitsui Engineering will be allocated an additional 1.7 million shares at an offer per share of ¥1650.

The minimum shares planned to be purchased are 8.3 million and maximum planned to be purchased are 10 million shares. Mitsui Engineering & Shipbuilding Co., Ltd. will hold 64.15% stake on closing of the tender offer, if the maximum planned shares are purchased. The Directors of Showa Aircraft Industry excluding Kazumasa Okuma resolved to agree to the tender offer.

The tender offer will be open from January 31, 2014 to March 17, 2014. SMBC Nikko Securities Inc. acted as financial instruments business operator in the deal. Nomura Securities Co., Ltd. acted as valuer for Showa Aircraft Industry.

Latest news about Showa Aircraft Industry Co., Ltd.

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Showa Aircraft Industry Co., Ltd. Announces Consolidated and Individual Earnings Results for the Year Ended on March 31, 2017; Provides Consolidated and Individual Earnings Guidance for the Half Year and Full Year 2018	27/17/27	CI
Showa Aircraft Industry Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Reaffirms Earnings Guidance for the Full Year Ending March 31, 2017; Reaffirms Earnings Guidance for the Full Year Ending March 31, 2017	27/17/27	CI
Showa Aircraft Industry Co., Ltd. Announces Consolidated Earnings Results for the Second Quarter Ended September 30, 2016; Provides Earnings Guidance for the Full Year Ending March 31, 2017	28/16/28	CI
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Showa Aircraft Industry Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half of Financial Year Ending March 31, 2017 and for Full Year 2017	29/16/29	CI
Showa Aircraft Industry Co., Ltd. Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Dividend Guidance for the Full Year of Fiscal 2016; Provides Earnings Guidance for the Full Year of 2016	02/16/02	CI
Showa Aircraft Industry Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2015; Announces Dividend for the Second Quarter Ended September 30, 2015, Payable on December 7, 2015; Provides Dividend Guidance for the Year Ending March 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2016	30/15/30	CI
Showa Aircraft Industry Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2015	31/15/31	CI
Showa Aircraft Industry Co., Ltd. Reports Consolidated and Individual Earnings Results for the Year Ended March 31, 2015; Provides Consolidated and Individual Earnings Guidance for the Second Quarter and for the Full Year Ending March 31, 2016; Declares Year-End Dividend, Payable on June 25, 2015; Provides Dividend Guidance for the Second Quarter and for the Full Year Ending March 31, 2016	23/15/23	CI
Showa Aircraft Industry Co., Ltd. Reports Consolidated and Individual Earnings Results for the Year Ended March 31, 2014; Provides Consolidated and Individual Earnings Guidance for the Half Year and Full Year Ending March 31, 2015	24/14/24	CI
Mitsui Engineering & Shipbuilding Co., Ltd. completed the acquisition of an additional 31.66% stake in Showa Aircraft Industry Co., Ltd..	17/14/17	CI
Mitsui Engineering & Shipbuilding Co., Ltd. made an offer to acquire an additional 31.66% stake in Showa Aircraft Industry Co., Ltd. for ¥16.5 billion.	30/14/30	CI
Showa Aircraft Industry Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2013; Provides Earnings Guidance for the Full Year Ending March 21, 2014	31/13/31	CI
Showa Aircraft Industry Co., Ltd.(TSE:7404) added to S&P Global BMI Index	23/13/23	CI
Showa Aircraft Industry Co., Ltd. Reports Consolidated and Individual Earnings Results for the Full Year Ended March 31, 2013; Provides Consolidated and Individual Earnings Guidance for the Second Quarter of Fiscal 2014 and for the Full Year Ending March 2014; Declares Year-End Dividend, Payable on June 27, 2013; Provides Dividend Guidance for the Second Quarter of Fiscal 2014 and for the Full Year Ending March 2014	10/13/10	CI
Showa Aircraft Industry Co., Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2012; Provides Earnings Guidance for the Year Ending March 31, 2013; Declares Dividend for the Six Months Ended September 30, 2012; Provides Dividend Guidance for the Year Ending March 31, 2013	26/12/26	CI
Showa Aircraft Industry Co., Ltd. Announces Consolidated and Standalone Earnings Results for the Year Ended March 31, 2012; Announces Year End Dividend, Payable on June 27, 2012; Provides Dividend Guidance for the Year Ending March 31, 2013; Provides Consolidated and Standalone Earnings Guidance for the Year Ending March 31, 2013	10/12/10	CI

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Company Profile

Showa Aircraft Industry Co., Ltd. is mainly engaged in the manufacture and sale of transportation-related equipment, and the leasing of real estate. The Company operates in four business segments. The Transportation Equipment segment provides specially equipped vehicles, aircraft equipment, honeycomb products and other transportation-related equipment. The Real Estate segment is engaged in the leasing and maintenance of real estate, such as office buildings and commercial facilities, as well as the provision of cleaning and security services. The Hotel, Sports and Leisure segment is engaged in the operation of hotels, golf courses and other sports and leisure facilities. The Commodity Sale segment is engaged in the sale and construction of saunas, furnaces, wood stoves and welfare equipment, as well as the sale of large two-wheeled motor vehicles and related components. The Company also provides vegetables, insurance agency, consulting, dispatch, welfare and nursing care business.

Sector

Aerospace & Defense

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