{"id":129801,"date":"2026-10-13T16:19:45","date_gmt":"2026-10-13T07:19:45","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/8919-20261013-01_wp_tender_offer\/"},"modified":"2026-10-13T16:19:45","modified_gmt":"2026-10-13T07:19:45","slug":"8919-20261013-01_wp_tender_offer","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/","title":{"rendered":"Notice of Commencement of Tender Offer (Tender Offer for Tobu Juhan Co., Ltd. Shares)"},"content":{"rendered":"<p>A tender offer will be conducted to acquire the target&#8217;s shares with the aim of making it a wholly owned subsidiary. Price is 2,000 yen per share with a lower threshold of 1,776,600 shares and no upper limit. Offer period is 35 business days. The target will join the tender offerer group to pursue synergies from business integration. Multiple independent advisors have been appointed and a special committee established to ensure fairness. Final approval requires the target&#8217;s board of directors.<\/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,"price_fetched_at":"","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":"8919","jir_company_name":"KATITAS CO., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-13","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/8919-20261013-01.pdf","jir_short_summary":"A tender offer will be conducted to acquire the target's shares with the aim of making it a wholly owned subsidiary. Price is 2,000 yen per share with a lower threshold of 1,776,600 shares and no upper limit. Offer period is 35 business days. The target will join the tender offerer group to pursue synergies from business integration. Multiple independent advisors have been appointed and a special committee established to ensure fairness. Final approval requires the target's board of directors.","jir_summary":"### Overview of the TOB\nThis transaction aims for KATITAS CO., Ltd. to acquire the shares of Tobu Juhan via a tender offer and make the company a wholly owned subsidiary. The offer price is 2,000 yen per share, the planned number of shares to be purchased is 2,709,886 shares, and the offer period is 35 business days. The lower threshold relative to the target's total voting rights is 1,776,600 shares, and no upper limit is set. The tender offerer group, which operates 153 stores nationwide, intends to advance integrated operations of procurement, renovation, and sales to realize synergies.\n\n### Fairness and Consensus Building\nMeasures to ensure fairness are detailed, including a valuation of the shares by an independent third-party institution (AGS FAS), appointment of independent financial and legal advisors, and establishment of a special committee. The target's board of directors is expected to resolve to recommend shareholders tender their shares, concluding that the transaction will contribute to corporate value enhancement.","jir_financial_highlights":"Offer Price: 2,000 yen per ordinary share (New)\nPlanned Number of Shares to be Purchased: 2,709,886 shares (New)\nLower Threshold of Planned Purchases: 1,776,600 shares (New)\nPeriod: October 14, 2026\u301cDecember 3, 2026 (New)","jir_category":"","jir_hashtags":"#KATITAS, #TenderOffer, #TOB, #BusinessIntegration","jir_key_figures":"Offer Price: 2,000 yen\/share\nPlanned Number of Shares to be Purchased: 2,709,886 shares\nOffer Period: 2026\/10\/14\u301c2026\/12\/03","jir_meta_title":"KATITAS CO., Ltd. Notice of Commencement of Tender Offer\uff5cOctober 2026","jir_meta_description":"KATITAS CO., Ltd. announces a tender offer to acquire shares of Tobu Juhan with the aim of making it a wholly owned subsidiary. Summary of the offer, price, period, and fairness measures are provided.","jir_og_title":"KATITAS CO., Ltd. Notice of Commencement of Tender Offer\uff5cOctober 2026","jir_og_description":"Announcement of a tender offer for Tobu Juhan shares. Price: 2,000 yen per share; lower threshold: 1,776,600 shares; offer period: 35 business days. Fairness is ensured through a special committee and independent advisors.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8826,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-129801","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Notice of Commencement of Tender Offer (Tender Offer for Tobu Juhan Co., Ltd. Shares) - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/\",\"name\":\"Notice of Commencement of Tender Offer (Tender Offer for Tobu Juhan Co., Ltd. Shares) - Japan IR\",\"isPartOf\":{\"@id\":\"https:\/\/japanir.jp\/en\/#website\"},\"datePublished\":\"2026-10-13T07:19:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/japanir.jp\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Notice of Commencement of Tender Offer (Tender Offer for Tobu Juhan Co., Ltd. Shares)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/japanir.jp\/en\/#website\",\"url\":\"https:\/\/japanir.jp\/en\/\",\"name\":\"Japan IR\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/japanir.jp\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Notice of Commencement of Tender Offer (Tender Offer for Tobu Juhan Co., Ltd. Shares) - Japan IR","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/","url":"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/","name":"Notice of Commencement of Tender Offer (Tender Offer for Tobu Juhan Co., Ltd. Shares) - Japan IR","isPartOf":{"@id":"https:\/\/japanir.jp\/en\/#website"},"datePublished":"2026-10-13T07:19:45+00:00","breadcrumb":{"@id":"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/japanir.jp\/en\/company\/company-8919\/ir\/8919-20261013-01_wp_tender_offer\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/japanir.jp\/en\/"},{"@type":"ListItem","position":2,"name":"Notice of Commencement of Tender Offer (Tender Offer for Tobu Juhan Co., Ltd. Shares)"}]},{"@type":"WebSite","@id":"https:\/\/japanir.jp\/en\/#website","url":"https:\/\/japanir.jp\/en\/","name":"Japan IR","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/japanir.jp\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"related_company_data":{"id":"8826","title":"KATITAS CO LTD","ticker":"8919"},"_links":{"self":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release\/129801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release"}],"about":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/types\/ir_release"}],"replies":[{"embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/comments?post=129801"}],"version-history":[{"count":0,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release\/129801\/revisions"}],"wp:attachment":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/media?parent=129801"}],"wp:term":[{"taxonomy":"sector","embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/sector?post=129801"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/importance?post=129801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}