Aica Kogyo Delays Tender Offer Start for India’s Stylam Industries

Aica Kogyo Company, Limited ( (JP:4206) ) has provided an announcement.

Aica Kogyo has been pursuing the acquisition of Stylam Industries Limited, an Indian manufacturer and distributor of melamine decorative laminates and related products, with the aim of turning Stylam into a consolidated subsidiary. The move is intended to expand Aica Kogyo’s presence in the decorative laminates market by strengthening its foothold in India through Stylam’s established operations.

The company had initially indicated that a tender offer for Stylam shares would take place between late February and early March 2026, alongside a share purchase from Stylam’s founding family. However, the timing of the tender offer has been delayed because the start date depends on regulatory approvals and procedures in India, which remain uncertain. Aica Kogyo stated it is continuing to take necessary steps to complete both the tender offer and the share acquisition, and will update the market once the schedule for commencement is confirmed.

The most recent analyst rating on (JP:4206) stock is a Buy with a Yen4469.00 price target. To see the full list of analyst forecasts on Aica Kogyo Company, Limited stock, see the JP:4206 Stock Forecast page.

More about Aica Kogyo Company, Limited

Aica Kogyo Company, Limited is a Japanese manufacturer operating in the chemical materials and building materials sector, listed on the Tokyo Stock Exchange Prime Market and the Nagoya Stock Exchange Premier Market. The company focuses on products such as decorative laminates and related materials, supplying the construction and interior markets in Japan and overseas.

Average Trading Volume: 229,792

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen242.3B

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