Yageo Raises Offer Price for Shibaura Electronics to ¥6,635 per Share, Up 7%, and Extends
Acquisition Period to September 4

Yageo (2327) has once again increased its acquisition price for Japan’s Shibaura Electronics. After Minebea Mitsumi announced matching Yageo’s previous offer price, Yageo today raised its offer from ¥6,200 to ¥6,635 per share, an increase of approximately 7%. Additionally, in accordance with Japanese regulations, Yageo has extended the public acquisition period to September 4. Yageo stated that it firmly believes this collaboration will best enhance Shibaura Electronics’ corporate value.

Recently, on August 14, Minebea Mitsumi Inc. announced an increase in its public acquisition price for Shibaura Electronics from ¥5,500 to ¥6,200 per share, matching Yageo’s previous offer.

Today, Yageo announced a further increase in the public acquisition price from ¥6,200 to ¥6,635 per share. Yageo explained that this adjustment follows several productive meetings between the two companies’ leadership teams, including a recent visit by Shibaura Electronics to Yageo’s Kaohsiung plant on August 19-20 to observe Yageo’s advanced processes and automation technologies, which concluded successfully.

Yageo highlighted that during these meetings, the two parties reached a higher consensus and identified clear synergies in multiple strategic areas, including:

• Sharing global sales channels and customers, allowing Shibaura Electronics to leverage Yageo’s existing global sales network to expand its market and deepen customer relationships;

• Collaboration to help Shibaura Electronics broaden its product applications, particularly in future AI applications;

• Yageo will provide financial and R&D resources to support capacity expansion and future product development plans for Shibaura Electronics;

• Yageo’s advanced automation technologies will assist Shibaura Electronics in improving manufacturing efficiency and flexibility.

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