Hulic Co., Ltd.
Notice of Commencement of Tender Offer for Shares, etc. of Risō Education Group Co., Ltd.
The tender offeror, Hulic Co., Ltd., has launched a TOB to acquire shares and stock acquisition rights of the target, Risō Education Group, with the aim of making it a wholly owned subsidiary. The offer period is 2026/10/14–2026/11/26, the purchase price for common shares is 295 yen, and the purchase price for warrants including rights-bearing shares is calculated per right. The rationale includes group-wide optimization, expansion synergies in the education business, and investment support for DX and other initiatives.
Key Figures
- Purchase price (common shares): 295 yen
- Offer period: 2026/10/14 - 2026/11/26
- Planned number of shares to be purchased: 83,929,751 shares
- Planned minimum number of shares to be purchased: 26,646,601 shares
AI要約
Overview of the TOB
This announcement concerns a tender offer (TOB) by Hulic Co., Ltd. to acquire all shares of the target, Risō Education Group, with the objective of making the target a wholly owned subsidiary. The offer period runs for 30 business days from October 14, 2026 to November 26, 2026. The purchase price for common shares is 295 yen, and the purchase prices for warrants with rights are set per right; the final decision followed multiple proposals and negotiations.
Background and Scenario
The tender offeror aims to optimize the group as a whole and generate synergies by expanding the education business, promoting DX, and providing financial support to enhance corporate value over the medium to long term. The target has already disclosed a new medium-term management plan but recognizes the need to respond to macro-environment changes such as rising labor costs and rents. Through the tender offer and integration into the group, it explains that operations will be optimized to accelerate short-, medium-, and long-term growth.
Hulic Co., Ltd.
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