[LINE Yahoo] Announcement of Share Buyback and Capital Alliance | July 2026

Overview of Capital Policy

LINE Yahoo is executing a public tender offer and share buyback aimed at privatizing the target company, having obtained final approval on July 29, 2026. The tender offer price is set at 3,520 yen, with plans to increase it to 3,640 yen following the agreement with KDDI. The number of shares targeted for acquisition is 131,805,000, representing over 66% of the company's shares, aiming for full subsidiary status.

Future Outlook and Impact on Shareholders

After the tender offer is successful, the company plans to proceed with share consolidation and squeeze-out procedures, including delisting, to privatize the company. Shareholders can exercise fractional handling and sale claim rights related to share consolidation. Ultimately, the goal is to acquire all shares and promote the company's long-term growth. Funding will be provided through a combination of capital contributions and bank loans.