Tender offeror HHH1 LLC is conducting a TOB to make circlace Inc a wholly-owned subsidiary. Offer price is 2,020 yen per share and 1 yen per warrant. Minimum number of shares to be purchased is 2,970,800 shares. Offer period is 2026\/10\/23-12\/07. The board resolved to recommend that shareholders tender and expressed support. An independent committee and external valuation advisors will be used to ensure fairness. Squeeze-out and delisting are possible in the future.<\/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":"5029","jir_company_name":"circlace Inc","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-22","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/5029-20261022-01.pdf","jir_short_summary":"Tender offeror HHH1 LLC is conducting a TOB to make circlace Inc a wholly-owned subsidiary. Offer price is 2,020 yen per share and 1 yen per warrant. Minimum number of shares to be purchased is 2,970,800 shares. Offer period is 2026\/10\/23-12\/07. The board resolved to recommend that shareholders tender and expressed support. An independent committee and external valuation advisors will be used to ensure fairness. Squeeze-out and delisting are possible in the future.","jir_summary":"### Overview and Purpose of the TOB\nThis tender offer is being conducted by HHH1 LLC to acquire the common shares of circlace Inc and its warrants, with the aim of making the company a wholly-owned subsidiary. The offer price is 2,020 yen per share and 1 yen per warrant. The offer period is set at approximately 30 business days, and the minimum number of shares to be purchased is 2,970,800 shares. The offeror intends to fund the acquisition through its own capital contributions and contemplates a squeeze-out.\n\n### Fairness and Transaction Transparency\nAn independent committee has been established to ensure transaction fairness, and valuation reports from third-party appraisal firms such as Otemachi M&A Advisory have been obtained. Through tender agreements with parties including the Pasona Group and TQUILA, minority shareholder protections are being arranged and fairness will be ensured without setting MoM conditions. The board concluded that the terms are reasonable and resolved to express support and recommend tendering.","jir_financial_highlights":"Offer Price: 2,020 yen (Unknown)\nWarrant Purchase Price: 1 yen (Unknown)\nMinimum Number of Shares to be Purchased: 2,970,800 shares (Unknown)\nOffer Period: 2026-10-23 to 2026-12-07 (Unknown)","jir_category":"","jir_hashtags":"#circlaceInc, #TenderOffer, #MinorityShareholderProtection","jir_key_figures":"Offer Price: 2,020 yen\nWarrant Purchase Price: 1 yen\nMinimum Number of Shares to be Purchased: 2,970,800 shares","jir_meta_title":"circlace Inc \u2014 HHH1 TOB Support & Recommendation\uff5c2026-10","jir_meta_description":"Announcement of circlace Inc's board support and recommendation to tender in the tender offer by HHH1 LLC. Offer price 2,020 yen; offer period 2026\/10\/23-12\/07. A squeeze-out is contemplated as part of capital policy, and fairness assurance measures are established.","jir_og_title":"circlace Inc\uff5cHHH1 TOB Support and Recommendation","jir_og_description":"Overview of HHH1's tender offer disclosed. Offer price 2,020 yen and period approximately 30 business days. Fairness assured via an independent committee and third-party valuation; measures for minority shareholder protection implemented.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":60115,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-133490","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n