Announcement of commencement of a tender offer. Asahi Kasei Homes will acquire Morigumi shares at 564 yen aiming for full subsidiary status. Offer period is 2026\/11\/13\u20132027\/1\/7, lower limit of 11,922,100 shares, no upper limit. Target company has expressed support and recommendation to tender. Haseko Corporation plans to tender all shares it holds. Post-offer corporate reorganizations and squeeze-out procedures are also planned.<\/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":"3407","jir_company_name":"Asahi Kasei Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-11-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/3407-20261112-01.pdf","jir_short_summary":"Announcement of commencement of a tender offer. Asahi Kasei Homes will acquire Morigumi shares at 564 yen aiming for full subsidiary status. Offer period is 2026\/11\/13\u20132027\/1\/7, lower limit of 11,922,100 shares, no upper limit. Target company has expressed support and recommendation to tender. Haseko Corporation plans to tender all shares it holds. Post-offer corporate reorganizations and squeeze-out procedures are also planned.","jir_summary":"### M&A Overview\nAsahi Kasei Homes has resolved to acquire the common shares of the target company, Morigumi Co., Ltd., through a tender offer under the Financial Instruments and Exchange Act, with the aim of making the target a wholly owned subsidiary. The offer price is 564 yen per share, and the offer period is scheduled from November 13, 2026 to January 7, 2027 (35 business days). The lower limit of the planned number of shares to be tendered is 11,922,100 shares, and no upper limit is set. The target company has expressed its intention to support and recommend tendering to its shareholders. Haseko Corporation also plans to tender all 2,624,000 shares it holds in the target to this tender offer.\n\n### Post-Offer Policy and Fairness Measures\nIf the tender offer is successful, the acquirer plans to carry out corporate reorganization (squeeze-out) to make the target a wholly owned subsidiary. Fairness assurance measures include a valuation of the shares by an independent third-party appraisal institution, establishment of an independent special committee, involvement of legal advisors, and an application agreement with Haseko Corporation. Procedures in line with M&A guidelines and the setting of MoM conditions are designed to protect the interests of minority shareholders.","jir_financial_highlights":"Offer Price: 564 yen (Unknown)\nOffer Period: 2026-11-13 to 2027-01-07 (35 business days) (Unknown)\nNumber of Shares to be Tendered (Planned): 11,922,100 shares (lower limit) (Unknown)\nAcquirer's Shareholding Ratio After Tender: 100.00% (assumed at final squeeze-out) (Unknown)","jir_category":"","jir_hashtags":"#AsahiKasei, #ShareBuyback, #Subsidiarization, #TenderOffer","jir_key_figures":"Offer Price: 564 yen\nOffer Period: 2026-11-13\u301c2027-01-07 (35 business days)\nNumber of Shares to be Tendered (Lower Limit): 11,922,100 shares","jir_meta_title":"Asahi Kasei\uff5cNotice of Commencement of Tender Offer for Morigumi Shares\uff5c2026\/11\/12","jir_meta_description":"Asahi Kasei commences a tender offer to acquire Morigumi shares aiming for subsidiary status. Offer price 564 yen, 35 business day period, lower limit 11,922,100 shares. Haseko Corporation plans to tender. Post-offer reorganizations and fairness measures explained.","jir_og_title":"Asahi Kasei\uff5cNotice of Commencement of Tender Offer for Morigumi Shares","jir_og_description":"Asahi Kasei has commenced a tender offer for Morigumi shares. Overview of the transaction aiming for full subsidiary status and measures to ensure fairness are explained.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7402,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-150773","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n