Latest news with #ShibauraElectronics
Yahoo
6 days ago
- Business
- Yahoo
Japan's Shibaura classified as core to national security amid takeover battle
By Makiko Yamazaki TOKYO (Reuters) -Japan's Shibaura Electronics, a technology manufacturer at the centre of a $630 million takeover battle, has been formally classified as core to national security, a finance ministry list of such firms showed. The thermistor maker received an unsolicited takeover bid from Taiwanese components supplier Yageo in February and called on compatriot components maker Minebea Mitsumi to submit a competing bid. Shibaura was previously not among those designated as significant to the economy or security, meaning a would-be buyer was not obligated to notify the government prior to any deal. The new classification is unlikely to affect the course of the deal as Yageo protectively filed for a security review based on its own analyses that some of Shibaura's businesses may fall under the core category. Nearly a fourth of about 4,000 listed Japanese firms are classified as core in the finance ministry list, last updated on July 15. Shibaura representatives were not immediately available for comment. The bidding battle has become a test of Japan's openness to unsolicited takeovers. Stigma around such offers has eased recently yet unsolicited bids from foreign firms remain rare. Yageo, the world's largest maker of chip resistors, is awaiting the outcome of the security review under the Foreign Exchange and Foreign Trade Act, which has been extended twice. The classification list is based mainly on company responses to ministry questions. It is the foreign suitor's responsibility to judge whether a potential deal requires a security review, the ministry said. Last year, Seven & i Holdings changed its self-reported national security classification to core when it was fending off a $46 billion bid from Canada's Alimentation Couche-Tard. The retailer said the change was unrelated to the approach, which was unlikely to be affected by the designation. ($1 = 147.1100 yen)
Reuters
6 days ago
- Business
- Reuters
Japan's Shibaura classified as core to national security amid takeover battle
TOKYO, Aug 5 (Reuters) - Japan's Shibaura Electronics (6957.T), opens new tab, a technology manufacturer at the centre of a $630 million takeover battle, has been formally classified as core to national security, a finance ministry list of such firms showed. The thermistor maker received an unsolicited takeover bid from Taiwanese components supplier Yageo ( opens new tab in February and called on compatriot components maker Minebea Mitsumi (6479.T), opens new tab to submit a competing bid. Shibaura was previously not among those designated as significant to the economy or security, meaning a would-be buyer was not obligated to notify the government prior to any deal. The new classification is unlikely to affect the course of the deal as Yageo protectively filed for a security review based on its own analyses that some of Shibaura's businesses may fall under the core category. Nearly a fourth of about 4,000 listed Japanese firms are classified as core in the finance ministry list, last updated on July 15. Shibaura representatives were not immediately available for comment. The bidding battle has become a test of Japan's openness to unsolicited takeovers. Stigma around such offers has eased recently yet unsolicited bids from foreign firms remain rare. Yageo, the world's largest maker of chip resistors, is awaiting the outcome of the security review under the Foreign Exchange and Foreign Trade Act, which has been extended twice. The classification list is based mainly on company responses to ministry questions. It is the foreign suitor's responsibility to judge whether a potential deal requires a security review, the ministry said. Last year, Seven & i Holdings (3382.T), opens new tab changed its self-reported national security classification to core when it was fending off a $46 billion bid from Canada's Alimentation Couche-Tard ( opens new tab. The retailer said the change was unrelated to the approach, which was unlikely to be affected by the designation. ($1 = 147.1100 yen)
Nikkei Asia
25-06-2025
- Automotive
- Nikkei Asia
Taiwan electronics suppliers drive record Japan investment
Yageo is promoting the benefits of Taiwan-Japan cooperation in its takeover bid of Shibaura Electronics. (Photo by Hideaki Ryugen) HIDEAKI RYUGEN TAIPEI -- Taiwanese direct investment in Japan remains high after a record year, as the island's manufacturers hunt for fresh growth and technologies in fields like the auto supply chain. Taiwanese component supplier Yageo, which counts Apple and Nvidia as clients, has launched an unsolicited bid for Japan's Shibaura Electronics, a maker of temperature sensors.
Nikkei Asia
07-06-2025
- Automotive
- Nikkei Asia
Apple supplier Yageo says bid for Japan's Shibaura is a 'win-win'
NEW TAIPEI/KAOHSIUNG -- Taiwanese electronics supplier Yageo says its acquisition of Japanese peer Shibaura Electronics would be a "win-win" for the makers of passive components used in everything from AI servers and cars to satellites. Yageo, a key Apple and Nvidia supplier, has been attempting to acquire Shibaura to bolster its AI and automotive solutions portfolio.
CNA
07-06-2025
- Business
- CNA
Yageo to meet with Japan's Shibaura Electronics in mid-June
(Corrects location in dateline, paragraph 2 to Taipei, not Kaohsiung) TAIPEI : Taiwan's Yageo will meet with Japan's Shibaura Electronics in the middle of this month in Tokyo to discuss cooperation, Yageo's chairman said on Saturday. Pierre Chen was speaking to reporters at an event in Taipei. Yageo, the world's largest maker of chip resistors, announced an unsolicited tender offer for Shibaura Electronics in February, aiming to acquire full control of the Japanese manufacturer that specialises in thermistor technology.
