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 approved three proposals, including director appointments.
• 47 shareholders attended the meeting, up from 31 in 2024, with one question raised.
• The meeting lasted approximately 30 minutes, similar to the previous year.
• CEO Shotaro Miyazaki explained the TOB process and future plans during the meeting.
• Shareholders expressed mixed feelings, with some supporting the TOB but seeking clarity on MBK’s role.
• A long-term shareholder attended specifically to inquire about the delisting plan.
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 shareholders to participate. During a shareholder meeting in Tokyo, CEO Shotaro Miyazaki outlined the TOB process and future goals, including enhancing corporate value under MBK’s ownership. Shareholders approved all three proposals presented, including director appointments. While some shareholders voiced support for the TOB, others sought more clarity on MBK’s role and its alignment with Makino Milling’s unique management approach. The meeting saw increased attendance compared to the previous year, lasting approximately 30 minutes with one question raised. The company remains committed to its long-term vision of returning to public markets.
