Notice Regarding Results of Tendering of Shares in Tender Offer by KDDI Corporation to Repurchase its Shares
Date: June 13, 2025
To: All Persons Concerned
Company Name Listed: Kyocera Corporation
Name of Representative: Hideo Tanimoto, Director and President (Code number: 6971, TSE Prime Market)
Person for Inquiry: Hiroaki Chida, Managing Executive Officer, Executive General Manager of Headquarters (Tel: +81-75-604-3500)
Overview
Kyocera Corporation announced its decision to tender a portion of its common shares in KDDI Corporation (“KDDI”) in a tender offer initiated by KDDI. This notice provides the results of that tender offer, including the number of shares sold by Kyocera Corporation.
1. Results of the Tender Offer
Kyocera Corporation will sell 108,058,400 common shares of KDDI, which will be purchased by KDDI.
2. Status of Shares Held Before and After the Tender Offer
- Number of shares held by Kyocera Corporation before the Tender Offer: 670,192,000 shares (Shareholding Ratio: 16.85%)
- Number of shares tendered by Kyocera Corporation in the Tender Offer: 108,365,800 shares (Shareholding Ratio: 2.72%)
- Number of shares sold by Kyocera Corporation in the Tender Offer: 108,058,400 shares (Shareholding Ratio: 2.72%)
- Number of shares held by Kyocera Corporation after the Tender Offer: 562,133,600 shares (Shareholding Ratio: 14.13%)
Note: The shareholding ratio is calculated based on KDDI's total outstanding shares as of the end of March 2025, less treasury shares, reflecting a two-for-one stock split effective April 1, 2025.
3. Schedule of the Tender Offer
- Tender Offer period: May 15, 2025 to June 11, 2025
- Settlement start date: July 3, 2025
4. Number of Shares to be Sold and Sale Price
- Number of shares to be sold: 108,058,400 common shares
- Sale price: 2,307 yen per share
- Total amount to be sold: 249,290,728,800 yen
5. Impact on Financial Results
Kyocera Corporation anticipates recording a non-recurring gain of 242.8 billion yen in its non-consolidated financial statements for the year ending March 31, 2026. On a consolidated basis, applying International Financial Reporting Standards (IFRS), this gain will be recorded as “other comprehensive income” as the equity securities are classified as “equity financial assets measured at fair value through other comprehensive income”.
Cautionary Statements with respect to Forward-Looking Statements
Statements in this document that are not historical facts are forward-looking statements based on current assumptions and available information. These statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially. These include, but are not limited to:
- General economic conditions in Japan and globally.
- Changes in economic, political, and legal conditions in operating or exporting countries.
- Foreign exchange rate fluctuations.
- Intense competition.
- Supplier reliability and raw material availability.
- Manufacturing process risks.
- Research and development outcomes.
- Acquisition performance and business integration.
- Securing skilled employees.
- Information security risks and recovery costs.
- Protection of trade secrets and intellectual property.
- Licensing expenses.
- Compliance with laws and regulations.
- Environmental liability and compliance with environmental laws.
- Climate change response and its impact on corporate brands.
- Market or supply chain disruptions due to pandemics, terrorism, or war.
- Natural disasters affecting facilities and suppliers.
- Credit risk on receivables.
- Fluctuations in the value of financial instruments.
- Impairment losses on assets.
- Uncertainty over income tax and deferred tax assets.
- Changes in accounting standards.
Kyocera Corporation undertakes no obligation to publicly update these forward-looking statements.