MTM Capital Co., Ltd. (hereinafter referred to as "our company") has consistently sought constructive dialogue as a shareholder of Chiiki Shimbun Co., Ltd. (hereinafter referred to as "the company") with the aim of enhancing the company's corporate value and maximizing shared shareholder benefits. We hereby announce the summary of the pre-notification of an acquisition proposal (https://savechiiki.com/news/release-20260714-1/) submitted to the company's board of directors.

1. Background to Date

Our company sent public inquiry letters on April 22, 2026, and May 12, 2026, requesting specific explanations regarding capital policy, corporate governance, third-party allotment of new shares, and the appropriateness of capital allocation. The responses published by the company on May 1, 2026, and May 22, 2026, primarily consisted of general explanations of management policy, rather than specific responses to the individual points raised by our company. As such, we believe that the company has not provided substantial answers to many of the critical issues raised. Furthermore, our request for a meeting has not yet been fulfilled.

In addition, the company has designated our company as a "joint actor" based on the judgment of its independent committee. However, we have concerns regarding the fairness and neutrality of the designation process and decision-making. Moreover, in our assessment, significant expenses have been incurred since last year related to shareholder engagement and legal preparations for takeover defenses. The scale and use of these management resources warrant thorough and transparent explanations to shareholders from the standpoint of corporate value enhancement.

2. Our Evaluation of the Company’s Management Resources and Growth Strategy Direction

We highly value the company's long-established brand as a regionally focused media organization, its distribution network, and its relationships with local businesses—resources that are difficult for others to replicate. However, to fully unlock the value of these resources, we believe a new business strategy is required—one that goes beyond the extension of existing operations and is recognized by the market for its growth potential.

We believe that combining the following initiatives with the company's management resources can significantly enhance corporate value:

- Establishing a stable revenue model based on AI infrastructure

- Integrating the company’s existing business with AI technology

- Providing AI services tailored to local enterprises

- Forming capital and business alliances with AI-related companies

3. Pre-Notification of Acquisition Proposal

Based on the above, our company intends to formally submit a specific acquisition proposal to the company's board of directors in mid to late August 2026, with the goal of enhancing corporate value and maximizing shared shareholder benefits. The proposal will not be limited to share acquisition but will comprehensively include the following elements:

- Building a revenue foundation centered on AI infrastructure

- Creating synergies with the company’s existing business

- Strengthening the financial foundation

- Providing a clear, actionable roadmap for medium- to long-term corporate value enhancement

In making the proposal, we will present detailed plans, including financial backing, and will sincerely comply with the procedures of the company’s “measures concerning large-scale acquisition of shares.”

4. Forward-Looking Statements

Our company will continue to prioritize the enhancement of the company’s corporate value and the maximization of shared shareholder benefits, maintaining constructive dialogue. We respectfully request that the company’s board of directors understand the intent of this pre-notification and provide sincere consideration and opportunities for dialogue.

For detailed materials and the history of prior communications, please visit the following website: https://savechiiki.com/news/.

FACT BOX

  • Source: PR TIMES
  • Category: News