Brother completes acquisition of Mutoh

Brother has announced the successful completion of its tender offer for shares in Mutoh Holdings, paving the way for the company to become a consolidated subsidiary.
The tender offer, which ran from 5 February to 23 March 2026, resulted in Brother acquiring 4,039,103 shares in Mutoh Holdings. This represents an ownership stake of 88.01% of voting rights following the transaction.

The total acquisition value amounted to approximately ¥30.8 billion.

Brother confirmed that, as a result of the tender offer, Mutoh has become a consolidated subsidiary from 30 March 2026. The company will also qualify as a specified subsidiary.
Brother indicated it plans to proceed with further steps to acquire the remaining shares, which could result in Mutoh delisting from the Tokyo Stock Exchange.