Hoya Corp. plans to make an offer for NuFlare Technology Inc. if the latter's parent Toshiba Corp. does not successfully complete its tender offer to fully own the unit.

Tokyo-based Hoya said if certain conditions are met, it will launch its own tender offer for NuFlare at a price of ¥12,900 per share, or a total of about ¥147.72 billion.

The offer price represents an 8.40% premium to Toshiba's offer of ¥11,900 per share. The medical technology company plans to begin the tender offer in April 2020.

Hoya aims to acquire at least 7,634,000 shares, or about 66.67%, of NuFlare, a maker of semiconductor equipment. Toshiba owns 52.4% of NuFlare.

A deal will give Hoya a partner in its semiconductor lithography-related business and allow it to achieve growth in such business areas, the company said.

Hoya's business is focused on healthcare and information technology. The company's products include eyeglasses, medical endoscopes, optical lenses and key components for semiconductor devices and LCD panels.

As of Dec. 12, US$1 was equivalent to ¥109.23.