Key Facts
• On June 19, Makino Milling announced plans to re-list in 5-7 years post-delisting.
• The delisting follows a TOB by MBK Partners, scheduled for December 2025.
• Makino Milling expressed support for the TOB on June 3, urging shareholders to participate.
• The TOB aims to make Makino Milling a wholly owned subsidiary of MBK Partners.
• A shareholder meeting in Tokyo revealed CEO Shotaro Miyazaki’s re-listing timeline.
• Three proposals, including director appointments, were approved during the meeting.
• 47 shareholders attended the meeting, up from 31 in 2024.
• The meeting lasted approximately 30 minutes, with one shareholder question addressed.
• A 40-year-old shareholder plans to support the TOB but seeks clarity on MBK’s strategy.
• An 80-year-old shareholder, holding shares for 20 years, attended to discuss delisting.
Summary
Makino Milling Manufacturing Co. announced plans to re-list on the stock market within 5-7 years after delisting, contingent on the success of a tender offer (TOB) by MBK Partners in December 2025. The company expressed support for the TOB earlier this month, encouraging shareholder participation. During a shareholder meeting in Tokyo, CEO Shotaro Miyazaki outlined the re-listing timeline. The meeting approved three proposals, including director appointments, and saw increased attendance compared to the previous year. Shareholders expressed mixed feelings, with some supporting the TOB while seeking clarity on MBK’s future plans. The meeting lasted 30 minutes, maintaining a similar duration to the previous year.
