Asahi Kasei Homes, the tender offeror, has commenced a TOB to acquire Mori-Gumi shares at 564 yen. The planned number of shares to be purchased is 11,922,100 shares, and the period is from 2026-11-13 to 2027-01-07. Haseko Corporation intends to tender all eligible shares. A squeeze-out procedure is planned after the purchase, with delisting a possible outcome. Mori-Gumi’s board resolved to endorse and recommend tendering.<\/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":"1853","jir_company_name":"Mori-Gumi Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/1853-20261112-03.pdf","jir_short_summary":"Asahi Kasei Homes, the tender offeror, has commenced a TOB to acquire Mori-Gumi shares at 564 yen. The planned number of shares to be purchased is 11,922,100 shares, and the period is from 2026-11-13 to 2027-01-07. Haseko Corporation intends to tender all eligible shares. A squeeze-out procedure is planned after the purchase, with delisting a possible outcome. Mori-Gumi's board resolved to endorse and recommend tendering.","jir_summary":"### Overview of the Tender Offer\nAsahi Kasei Homes has decided to commence a tender offer for Mori-Gumi shares, announcing an offer price of 564 yen, a planned purchase of 11,922,100 shares, and an offer period of 35 business days from 2026-11-13 to 2027-01-07. Under the subscription agreement, Haseko Corporation intends to tender all Mori-Gumi shares eligible for this tender offer. The offeror plans to implement squeeze-out procedures after the tender offer, and delisting is noted as a possible outcome.\n\n### Background of the Transaction and Safeguards for Fairness\nThe tender offeror aims to make Mori-Gumi a wholly owned subsidiary to strengthen capital ties and achieve synergies. Mori-Gumi has established an independent special committee and retained external advisors to ensure fairness, and after multiple requests for price increases, it decided to accept the final price of 564 yen. Policies on post-offer organizational restructuring are also described, and measures to ensure fairness have been implemented.","jir_financial_highlights":"Offer Price: 564 yen (Sequential increases from initial proposal price of 479 yen, final agreed price)\nPlanned Number of Shares to be Purchased: 11,922,100 shares (Lower limit set)\nOffer Period: 35 business days (Set longer than the statutory minimum of 20 business days)\nPress Release Date for Tender Offer Price: 2026-11-12 (Initial report; chronology up to final decision described)","jir_category":"","jir_hashtags":"#MoriGumi, #TenderOffer, #M&A, #WhatWillHappenToDelisting","jir_key_figures":"Offer Price: 564 yen\nPlanned Number of Shares to be Purchased: 11,922,100 shares\nOffer Period: 2026-11-13 \u301c 2027-01-07\nTender Offeror: Asahi Kasei Homes Corporation","jir_meta_title":"Mori-Gumi: Asahi Kasei Homes TOB Launch\uff5c564 yen - 35 Business Days\uff5cNovember 2026","jir_meta_description":"Asahi Kasei Homes has launched a tender offer for Mori-Gumi shares at 564 yen, with a lower limit of 11,922,100 shares and a period of 35 business days. Haseko Corporation plans to tender all shares. Measures to ensure fairness and plans for future squeeze-out procedures are disclosed.","jir_og_title":"Commencement of Tender Offer for Mori-Gumi\uff5c564 yen \u00b7 35 Business Days \u00b7 November 2026","jir_og_description":"Asahi Kasei Group has initiated a TOB for Mori-Gumi shares at 564 yen with a 35-business-day period. Haseko Corporation will tender. Procedures to ensure fairness and next steps are disclosed.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58891,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-150772","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n