[Kadokaku.com] Launch of Tender Offer for Privatization | May 2026

Overview and Purpose of the TOB

Kadokaku.com plans to begin a Tender Offer (TOB) conducted by the EQT and KDDI consortium on May 12, 2026, with the goal of privatization. The purchase price is set at 3,000 yen, and approximately 121,905,767 shares are scheduled to be purchased over a 37-business-day period. The background of this buyback is part of the company's long-term growth strategy and capital policy to enhance corporate value. The consortium will leverage domestic and international investment experience and networks to promote flexible management and long-term value creation.

Future Schedule and Shareholder Impact

The TOB period runs from May 13, 2026 to July 2, 2026, spanning 37 business days, with settlement scheduled to begin on July 9. After the buyback, the company may implement share consolidation and share buyback activities aimed at delisting. Shareholders will receive detailed explanations regarding the fairness of the purchase price and procedural integrity, enabling them to make informed decisions about selling their shares.