Ursa 4 has conducted a public tender for our shares, resulting in acquisition of our share certificates; holdings reach 92.91% leading to a special controlling stake. Transfer consideration is 9,000 yen per share and 1,735,000 yen per new share option, with delisting scheduled for September 2, 2026. To ensure fairness, an Independent Committee and third-party valuation bodies were engaged, and an auction process with multiple bidders was conducted. The final candidate is Warburg Pincus.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3480","jir_company_name":"J.S.B. (J.S.B.)","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-08-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/3480-20260810-01.pdf","jir_short_summary":"Ursa 4 has conducted a public tender for our shares, resulting in acquisition of our share certificates; holdings reach 92.91% leading to a special controlling stake. Transfer consideration is 9,000 yen per share and 1,735,000 yen per new share option, with delisting scheduled for September 2, 2026. To ensure fairness, an Independent Committee and third-party valuation bodies were engaged, and an auction process with multiple bidders was conducted. The final candidate is Warburg Pincus.","jir_summary":"### Background and decision\nAs a result of Ursa 4 Co., Ltd.\u2019s public tender offering, we acquired 19,737,531 shares (92.91%), becoming a special controlling shareholder. We therefore approved the transfer of shares under the Companies Act and plan to delist. Consideration consists of 9,000 yen per share and 1,735,000 yen per new share option. To ensure fairness, an Independent Committee and third-party valuation bodies were established, and a multi-bidder auction process was conducted.\n\n### Fairness and future outlook\nThe Special Committee determined that this transaction will contribute to corporate value and shareholder\u5229\u76ca, and recommended support and participation. Warburg Pincus was selected as the final candidate, and going forward, under a flexible governance framework, investments and development will be pursued toward sustainable growth. After delisting, there will be thorough settlement of consideration and shareholder protections.","jir_financial_highlights":"Public tender offer price: 9,000 \u5186 (Unknown)\nPrice for the purchase of new share options: 1,735,000 \u5186 (Unknown)\nScheduled delisting date: 2026 \u5e74\uff19\u6708\uff12\u65e5\uff08\u4e88\u5b9a\uff09 (Unknown)\nAcquisition date: 2026 \u5e74\uff19\u6708\uff14\u65e5\uff08\u4e88\u5b9a\uff09 (Unknown)","jir_category":"","jir_hashtags":"#\u30b8\u30a7\u30a4\u30fb\u30a8\u30b9\u30fb\u30d3\u30fc, #\u516c\u958b\u8cb7\u4ed8\u3051, #\u4e0a\u5834\u5ec3\u6b62, #\u58f2\u6e21\u8acb\u6c42","jir_key_figures":"Target shares: 19,737,531 shares (ownership 92.91%)\nPublic tender offer price: 9,000 yen \/ share\nPrice for purchasing new share options: 1,735,000 yen \/ option\nScheduled delisting date: 2026 \u5e749\u67082\u65e5\nTransfer date: 2026 \u5e749\u67084\u65e5","jir_meta_title":"\u3010J.S.B.\u3011Decision on Public Tender and Share Transfer Request by Ursa4 | August 2026","jir_meta_description":"As a result of Ursa4's tender, J.S.B. shares are largely acquired. Key dates and amounts including the scheduled delisting are summarized. Explains the fairness assurance framework and future outlook.","jir_og_title":"Public Tender Decision by Ursa4 | J.S.B. August 2026","jir_og_description":"Ursa4 has acquired J.S.B. shares, outlining delisting dates and transfer consideration. Summary of fairness measures and future policy.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16924,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-101035","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n