Akatsuki Inc. has acquired a 63.42% stake in SUNNY SIDE UP GROUP Inc. for approximately 12,419 million yen, effective July 1, 2026.
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The acquisition involved 9,355,136 common shares at 1,320 yen per share and 1,061 units of share acquisition rights at 65,900 yen per unit.
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Akatsuki plans to initiate a squeeze-out process to make SUNNY SIDE UP GROUP a wholly-owned subsidiary, which will result in the company's delisting from the Tokyo Stock Exchange Standard Market.
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SUNNY SIDE UP GROUP reported net sales of 19,587 million yen and an operating profit of 1,597 million yen for the fiscal year ended June 2025.
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The tender offer period concluded on June 24, 2026, successfully exceeding the minimum requirement of 5,551,400 shares.
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SUNNY SIDE UP GROUP officially became a consolidated and specified subsidiary of Akatsuki Inc. as of July 1, 2026.
Insights
01
Akatsuki Inc. has acquired a 63.42% stake in SUNNY SIDE UP GROUP Inc. for approximately 12,419 million yen, effective July 1, 2026.
02
The acquisition involved 9,355,136 common shares at 1,320 yen per share and 1,061 units of share acquisition rights at 65,900 yen per unit.
03
Akatsuki plans to initiate a squeeze-out process to make SUNNY SIDE UP GROUP a wholly-owned subsidiary, which will result in the company's delisting from the Tokyo Stock Exchange Standard Market.
04
SUNNY SIDE UP GROUP reported net sales of 19,587 million yen and an operating profit of 1,597 million yen for the fiscal year ended June 2025.
05
The tender offer period concluded on June 24, 2026, successfully exceeding the minimum requirement of 5,551,400 shares.
06
SUNNY SIDE UP GROUP officially became a consolidated and specified subsidiary of Akatsuki Inc. as of July 1, 2026.