ECM Master Fund SPV 3 commenced a tender offer for shares of Soft99 Corporation starting January 22, 2026. The offer price is 4,100 yen per share, with an expected purchase of 13,790,762 shares and a total purchase amount of 56,542,124,200 yen.<\/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,"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":"4464","jir_company_name":"Soft99 Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-01-22","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/4464-20260122-01.pdf","jir_short_summary":"ECM Master Fund SPV 3 commenced a tender offer for shares of Soft99 Corporation starting January 22, 2026. The offer price is 4,100 yen per share, with an expected purchase of 13,790,762 shares and a total purchase amount of 56,542,124,200 yen.","jir_summary":"### Overview of the Tender Offer\nECM Master Fund SPV 3 has commenced a tender offer for ordinary shares of Soft99 Corporation effective January 22, 2026. The offer price is 4,100 yen per share, identical to the first tender offer price. The scheduled number of shares to be purchased is 13,790,762 with no upper or lower limits set. The tender offeror group already holds 31.34% of the shares, and this tender offer is a repeated offer following failure to acquire voting rights exceeding two-thirds of total shareholders.\n\n### Background and Future Policy of the Tender Offer\nThe tender offeror judged the target company's stock price to be undervalued relative to its corporate value and initiated the first tender offer to protect minority shareholders\u2019 interests. The first tender offer successfully acquired 31.34% of shares but did not reach the two-thirds threshold of voting rights, thus a repeat tender offer was decided. Upon successful tender offers, the offeror plans to support strengthening corporate governance and revising management structures, promoting the transition to a company with a nominating committee system and increasing the proportion of independent outside directors. Additionally, revisions to executive compensation schemes and compliance enhancements are planned. If two-thirds or more voting rights are acquired post-offer, a squeeze-out procedure will be conducted, with the possibility of delisting.","jir_financial_highlights":"Tender Offer Price: 4,100 yen (Same as the first tender offer price)\nScheduled Number of Shares to be Purchased: 13,790,762 shares (No upper or lower limits set)\nTender Offer Amount: 56,542,124,200 yen (Unknown)\nNumber of Shares Owned by Tender Offeror: 6,767,917 shares (31.34%) (After the first tender offer completion)\nTotal Shares Owned by Tender Offeror Group: 7,804,417 shares (36.14%) (Unknown)","jir_category":"","jir_hashtags":"#Soft99Corporation, #TenderOffer, #TOB, #JapaneseStocks","jir_key_figures":"Tender Offer Price: 4,100 yen (per share)\nScheduled Number of Shares to be Purchased: 13,790,762 shares (no upper or lower limit)\nTotal Tender Offer Amount: 56,542,124,200 yen","jir_meta_title":"Commencement of Tender Offer for Soft99 Corporation, Offer Price 4,100 yen, Shares 13,790,762","jir_meta_description":"ECM Master Fund SPV 3 has commenced a tender offer for shares of Soft99 Corporation. The offer price is 4,100 yen per share with a scheduled purchase of 13,790,762 shares totaling approximately 56.5 billion yen. Future management policies and potential squeeze-out procedures are also indicated.","jir_og_title":"Notice of Commencement of Tender Offer for Soft99 Corporation Shares (Offer Price 4,100 yen)","jir_og_description":"ECM Master Fund SPV 3 has initiated a tender offer for Soft99 Corporation shares. Offer price is 4,100 yen, number of shares 13,790,762, total tender amount approximately 56.5 billion yen.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16714,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-20330","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n