Future Share Buyback Initiation｜July 29, 2026

Overview of the Tender Offer

LLC Key West Network has announced the start of a tender offer on July 29, 2026, to acquire 52,988,866 shares of Future Corporation (with a maximum acquisition amount of about 13 billion yen). The tender offer period runs from July 30, 2026, to September 10, 2026, with a purchase price of 2,451 yen per share. The minimum purchase target is 23,376,700 shares, and if the total number of shares tendered exceeds this, all shares will be acquired. Upon completion of the tender offer, the shares of the target are expected to be delisted. The designated proxy for the tender offer is SMBC Nikko Securities.

Impact on Shareholders and Future Outlook

This tender offer will significantly increase the shareholding in Future Corporation, marking an important step toward privatization. If successful, the shareholder composition of the target will change, and the trading volume of shares will decrease. Going forward, discussions are expected regarding the target's management structure and shareholder composition after the acquisition. Investors should be aware of risks such as share dilution and stock price volatility.