Following an MBO led by the tender offeror Takahashi Kikaku Co., Ltd., the tender offeror intends to acquire and consolidate ordinary shares of HOB Co.,Ltd. to take the company private. The offer price was finalized at an initial proposal of 1,140 yen per share after multiple rounds of negotiation. The offer period is 2026\/11\/09\u201312\/21, and delisting is scheduled for 2027\/1\/1. The Board of Directors resolved to recommend that shareholders tender. The plan is to establish a stable shareholder structure centered on Mr. Iwao Takahashi through squeeze-out procedures and a share exchange.<\/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":"1382","jir_company_name":"HOB Co.,Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-11-06","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/1382-20261106-02.pdf","jir_short_summary":"Following an MBO led by the tender offeror Takahashi Kikaku Co., Ltd., the tender offeror intends to acquire and consolidate ordinary shares of HOB Co.,Ltd. to take the company private. The offer price was finalized at an initial proposal of 1,140 yen per share after multiple rounds of negotiation. The offer period is 2026\/11\/09\u201312\/21, and delisting is scheduled for 2027\/1\/1. The Board of Directors resolved to recommend that shareholders tender. The plan is to establish a stable shareholder structure centered on Mr. Iwao Takahashi through squeeze-out procedures and a share exchange.","jir_summary":"### Overview of Shareholder Value and Going-Private via MBO\nThis IR announces a series of transactions centered on a management buyout (MBO) aimed at acquiring and concentrating shares of HOB Co.,Ltd. by the tender offeror chaired by Iwao Takahashi, including a recommendation to shareholders to tender and subsequent corporate reorganizations (squeeze-out procedures \/ share exchange). The offer period is from November 9, 2026 to December 21, 2026, and the offer price is 1,140 yen per share. Delisting has been decided for January 1, 2027, and after the MBO it is expected that only the tender offeror and Iwao Takahashi will remain as shareholders.\n\n### Fairness of the Transaction and Impact on Shareholders\nThis transaction is an MBO and a special committee was established to ensure fairness. An equity valuation report by KPMG and legal advice from City-Yuwa Law Offices were used to maintain independence in the deliberation process, and 1,140 yen was informally agreed as the final proposed price. Conditions for handling fractional shares and for the share exchange are set through squeeze-out procedures, and recognizing the loss of liquidity until delisting, the policy is to provide a fair opportunity to sell.","jir_financial_highlights":"Tender Offer Price (Final Tender Offer Price): 1,140 yen (Informally agreed at 1,140 yen as the final agreed price)\nOffer Period: 2026-11-09\u301c2026-12-21 (30 business days)\nScheduled Delisting Date: 2027-01-01 (Decided)","jir_category":"","jir_hashtags":"#HOB, #ManagementBuyout, #TOB, #Delisting","jir_key_figures":"Tender Offer Price: 1,140 yen\nOffer Period: 2026-11-09\u301c2026-12-21\nScheduled Delisting Date: 2027-01-01","jir_meta_title":"HOB Co.,Ltd. to Go Private via MBO; Tender Offer Set at 1,140 yen\uff5c2026-11","jir_meta_description":"HOB Co.,Ltd. announces an MBO by Takahashi Kikaku. Offer period: 2026\/11\/9\u201312\/21; tender offer price: 1,140 yen. Delisting scheduled for 2027\/1\/1. Board recommends shareholders tender and explains plans for squeeze-out procedures and a share exchange.","jir_og_title":"HOB Co.,Ltd. to Go Private through MBO\uff5cAnnounced in November","jir_og_description":"HOB Co.,Ltd. will be taken private through an MBO by Takahashi Kikaku, which will acquire the shares. Offer price 1,140 yen, period covers 30 business days, delisting scheduled for 2027-01-01. Board recommends shareholder tender and discloses plans for subsequent corporate reorganizations.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":61361,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-143902","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n