#ARIVAN Co.

Orsay Co., Ltd. has decided to acquire ARIVAN shares by means of a public tender offer (TOB). Purchase price is 1,900 yen per share, tender period is from 2026/07/13 to 2026/08/25, planned number of shares to be tendered is 5,978,487 shares, with a minimum of 3,845,584 shares. Public Tender Offer Agent is Mizuho Securities, with Rakuten Securities named as the...

Largest news: tender offer price is 1,900 yen per ordinary share, minimum of 3,845,584 shares, period from 2026/7/13 to 2026/8/25. Within an MBO framework aimed at delisting, there is an agreement not to tender some shares held by Mr. Nozawa and Mr. Maki.