The acquirer BCJ-110 will acquire iSORL\u2019s ordinary shares at 820 yen through a tender offer. The tender period is from 2026-09-02 to 2026-10-19, with settlement commencing 2026-10-26. Planned tender shares: 17,109,020 shares, with no upper limit. 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The tender period is from 2026-09-02 to 2026-10-19, with settlement commencing 2026-10-26. Planned tender shares: 17,109,020 shares, with no upper limit. Also presents a corporate restructuring plan including a squeeze-out.","jir_summary":"### Overview of this tender offer\nThe start of the tender offer for iSORL shares by BCJ-110 has been announced, with an intent to acquire ordinary shares at 820 yen. The tender period is from 2026-09-02 to 2026-10-19, with settlement starting on 2026-10-26. The tender agent is Nomura Securities. Total planned tender shares: 17,109,020 shares (no upper limit). Also discloses measures to protect minority shareholders and the risk of delisting the target company.\n\n### Squeeze-out procedures and corporate restructuring policy\nIf the tender offer is successful and full acquisition is not achieved, a squeeze-out procedure will be implemented to privatize the target company through share consolidation and amendments to the articles of incorporation. Details such as consolidation ratio, handling of fractional shares, allocation methods, and minority shareholder protection measures are described in detail, with a tentative timing for a extraordinary general meeting of shareholders around December 2026.","jir_financial_highlights":"Tender offer price: 820 \u5186 (Unknown)\nPlanned tender shares: 17,109,020 shares (Unknown)\nTender period: 2026-09-02 to 2026-10-19 (Unknown)\nSettlement start date: 2026 \u5e74 10 \u6708 26 \u65e5 (Unknown)","jir_category":"","jir_hashtags":"#iSORLShareTender, #ValueEnhancement, #SqueezeOut","jir_key_figures":"Tender price: 820 yen\nPlanned tender shares: 17,109,020 shares\nSettlement start date: 2026-10-26\nDelisting risk: possible (after squeeze-out)","jir_meta_title":"\u3010iSORL\u3011Notice of Start of Tender Offer\uff5cSeptember 2026","jir_meta_description":"Announcement of the start of a tender offer for iSORL. Tender price 820 yen, period 2026\/9\/2-10\/19, settlement start 10\/26. Tender shares 17,109,020, including delisting risk and the policy for organizational restructuring.","jir_og_title":"\u3010iSORL\u3011Notice of Start of Tender Offer\uff5cSeptember 2026","jir_og_description":"Tender offer start, price 820 yen, shares 17,109,020, period 9\/2-10\/19, settlement 10\/26. Delisting risk and squeeze-out policy disclosed.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58991,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-109963","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n