A tender offer is being conducted to take the target company’s stock private. Offer price is 2,880 yen (as of the final proposal), minimum number of shares to be acquired is over 930,000 shares, and the planned period is 20 business days. As a prerequisite, clearance is required, and the scheme includes a squeeze-out via stock consolidation after the TOB.<\/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":"8001","jir_company_name":"Itochu Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/8001-20260831-01.pdf","jir_short_summary":"A tender offer is being conducted to take the target company's stock private. Offer price is 2,880 yen (as of the final proposal), minimum number of shares to be acquired is over 930,000 shares, and the planned period is 20 business days. As a prerequisite, clearance is required, and the scheme includes a squeeze-out via stock consolidation after the TOB.","jir_summary":"### Background and objective\nThis transaction aims to strengthen inter-company collaboration in the information processing services sector in the Japanese market and to enhance medium- to long-term corporate value by taking the target stock private through a tender offer, thereby establishing a flexible decision-making framework among the three parties (offeror, Dentsu Group, and the target).\n\n### Transaction overview and fairness\nBased on a tender offer agreement, non-tender agreements, and a shareholders' agreement, the offer price is 2,880 yen, the offer period is 20 business days, the minimum shares are 93,404 shares, and ultimately a squeeze-out procedure including stock consolidation is planned. To ensure fairness, independent committee, fairness opinion, and other procedures are in place, with judgments informed by third-party appraisal opinions.","jir_financial_highlights":"Offer price: 2,880 \u5186 (Price indications at the time of the final proposal (multiple proposal rounds occurred))\nMinimum number of shares to be acquired: 93,404,0000 \u682a (Provisional figure in the table. Final determination will be made before commencement)\nOffer period: 20 \u55b6\u696d\u65e5 (Shortest period set based on U.S. standards (subject to change))\nVoting rights ratio of target shareholders: 38.22\uff05\uff08\u516c\u958b\u8cb7\u4ed8\u8005\uff09\/61.78\uff05\uff08\u96fb\u901a\u30b0\u30eb\u30fc\u30d7\uff09 (Current ratio)","jir_category":"","jir_hashtags":"#ItochuCorporation, #TenderOffer, #DentsuResearchInstitute, #Delisting","jir_key_figures":"Offer price: 2,880 \u5186\nMinimum number of shares to be acquired: 93,404,000 \u682a\nOffer period: 20 \u55b6\u696d\u65e5","jir_meta_title":"Itochu Corporation to Start TOB to Delist Dentsu Research Institute stock | August 2026","jir_meta_description":"Itochu plans to commence a tender offer for Dentsu Research Institute stock. Offer price 2,880 yen, minimum 93,404 shares, period 20 business days. Squeeze-out procedures anticipated. Key points on fairness measures are explained.","jir_og_title":"Itochu Corporation TOB to Delist Dentsu Research Institute stock","jir_og_description":"Itochu Corporation and the Dentsu Group are jointly commencing a TOB to delist Dentsu Research Institute stock. Summary of fairness measures and future outlook.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6839,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-108350","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n