Minebea Mitsumi Finalizes Shibaura Takeover Offer as Yageo Responds; Tokyo Electron Shares Fall Amid 300% US Tariff Impact on Japan GDP and FY 2025 Profit

Minebea Mitsumi is likely making its final offer in the months-long takeover battle for Japanese sensor maker Shibaura Electronics, with the company’s CEO stating that the tender offer price represents the maximum reasonable amount. Taiwanese company Yageo is considering changing the terms of its tender offer for Shibaura Electronics following Minebea Mitsumi's price increase, and has extended the deadline for its offer. Meanwhile, Tokyo Electron's stock price declined amid concerns over U.S. semiconductor tariffs, which could reach 200% to 300%. According to a Nomura Research Institute estimate, a 300% tariff on semiconductors imported into the U.S. could reduce Japan's GDP by up to 0.42% over one year. This tariff environment is expected to cause Japanese firms’ net profits for fiscal year 2025 to fall, marking the first decline in six years.