{"id":145505,"date":"2026-11-09T18:24:26","date_gmt":"2026-11-09T09:24:26","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/2972-20261109-01_wp_tender_offer\/"},"modified":"2026-11-09T18:24:26","modified_gmt":"2026-11-09T09:24:26","slug":"2972-20261109-01_wp_tender_offer","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/","title":{"rendered":"Notice of Change to Tender Offer Purchase Conditions etc. for Units of SANKEI REAL ESTATE Inc. (Ticker: 2972) by City Index Fifth Co., Ltd."},"content":{"rendered":"<p>The tender offer period is extended to 43 business days, with the offer period now until 2026\/11\/30 and the settlement start date changed to 2026\/12\/07. The extension is driven by consideration of competing proposals, and completion of squeeze-out procedures may be delayed until the end of February 2027.<\/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":"2972","jir_company_name":"SANKEI REAL ESTATE Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/2972-20261109-01.pdf","jir_short_summary":"The tender offer period is extended to 43 business days, with the offer period now until 2026\/11\/30 and the settlement start date changed to 2026\/12\/07. The extension is driven by consideration of competing proposals, and completion of squeeze-out procedures may be delayed until the end of February 2027.","jir_summary":"### Summary of TOB Period and Settlement Date Changes\nCity Index Fifth Co., Ltd. has decided to extend the tender offer period for units of SANKEI REAL ESTATE Inc. (Ticker: 2972) until November 30, 2026, making the total 43 business days. There is no change to the purchase conditions, and the settlement start date has been changed to December 7, 2026. The extension is attributed to consideration of competing proposals, due diligence, and consultations with financing sources.\n\n### Upcoming Schedule and Risks\nIf not all units are acquired upon completion of the tender offer, the acquirer plans to complete squeeze-out procedures by the end of February 2027, but aims to execute within the extended period. Depending on movements of special related parties, the emergence or success of competing tender offers could influence unitholders' decisions.","jir_financial_highlights":"Purchase Price: No change to the purchase price of this tender offer (Unchanged)\nOffer Period: Before: 30 business days \u2192 After: 43 business days (Extended)\nSettlement Start Date: Before: 2026-11-17 \u2192 After: 2026-12-07 (Delayed)\nReason for Extension of Tender Offer Period: Consideration of competing proposals, due diligence, and consultations with financing parties (Explained)","jir_category":"","jir_hashtags":"#SANKEI_REAL_ESTATE, #TenderOffer, #TOB, #ConsiderationOfCapitalAllianceOrRestructuring","jir_key_figures":"Purchase Price: No change to the purchase price of this tender offer\nOffer Period: 30 business days \u2192 43 business days\nSettlement Start Date: 2026-11-17 \u2192 2026-12-07","jir_meta_title":"SANKEI REAL ESTATE Inc.: Announcement of TOB Condition Changes and Period Extension\uff5cNovember 2026","jir_meta_description":"Announcement of changes to the tender offer for SANKEI REAL ESTATE Inc., including extension of the offer period to 43 business days and change of settlement start date to 2026\/12\/07. Background includes consideration of competing proposals.","jir_og_title":"TOB Condition Changes and Period Extension for SANKEI REAL ESTATE Inc.","jir_og_description":"Announcement of extension to the tender offer period and change to the settlement date. Background includes consideration of competing proposals and progress on financing. Impact on unitholders explained.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17224,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-145505","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 Change to Tender Offer Purchase Conditions etc. for Units of SANKEI REAL ESTATE Inc. (Ticker: 2972) by City Index Fifth Co., Ltd. - 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-2972\/ir\/2972-20261109-01_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-2972\/ir\/2972-20261109-01_wp_tender_offer\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/\",\"name\":\"Notice of Change to Tender Offer Purchase Conditions etc. for Units of SANKEI REAL ESTATE Inc. (Ticker: 2972) by City Index Fifth Co., Ltd. - Japan IR\",\"isPartOf\":{\"@id\":\"https:\/\/japanir.jp\/en\/#website\"},\"datePublished\":\"2026-11-09T09:24:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/japanir.jp\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Notice of Change to Tender Offer Purchase Conditions etc. for Units of SANKEI REAL ESTATE Inc. (Ticker: 2972) by City Index Fifth Co., Ltd.\"}]},{\"@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 Change to Tender Offer Purchase Conditions etc. for Units of SANKEI REAL ESTATE Inc. (Ticker: 2972) by City Index Fifth Co., Ltd. - 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-2972\/ir\/2972-20261109-01_wp_tender_offer\/","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/","url":"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/","name":"Notice of Change to Tender Offer Purchase Conditions etc. for Units of SANKEI REAL ESTATE Inc. (Ticker: 2972) by City Index Fifth Co., Ltd. - Japan IR","isPartOf":{"@id":"https:\/\/japanir.jp\/en\/#website"},"datePublished":"2026-11-09T09:24:26+00:00","breadcrumb":{"@id":"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/japanir.jp\/en\/company\/company-2972\/ir\/2972-20261109-01_wp_tender_offer\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/japanir.jp\/en\/"},{"@type":"ListItem","position":2,"name":"Notice of Change to Tender Offer Purchase Conditions etc. for Units of SANKEI REAL ESTATE Inc. (Ticker: 2972) by City Index Fifth Co., Ltd."}]},{"@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":"17224","title":"SANKEI REAL ESTATE INC","ticker":"2972"},"_links":{"self":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release\/145505","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=145505"}],"version-history":[{"count":0,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/ir-release\/145505\/revisions"}],"wp:attachment":[{"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/media?parent=145505"}],"wp:term":[{"taxonomy":"sector","embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/sector?post=145505"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/japanir.jp\/en\/wp-json\/wp\/v2\/importance?post=145505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}