The tender offeror ECM Master Fund SPV 3 holds 31.34% of our shares, with the tender offer price set at 4,100 yen per share. The board of directors has reserved its opinion, and a special committee is verifying fairness (as of 2026-01-23).<\/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":"2026-01-23","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/01\/4464-20260123-01.pdf","jir_short_summary":"The tender offeror ECM Master Fund SPV 3 holds 31.34% of our shares, with the tender offer price set at 4,100 yen per share. The board of directors has reserved its opinion, and a special committee is verifying fairness (as of 2026-01-23).","jir_summary":"### Overview of the Tender Offer and Our Board of Directors' Response\nThe second tender offer for shares of Soft99 Corporation by ECM Master Fund SPV 3 has commenced, with the tender offer price set at 4,100 yen per share. The tender offeror already holds 31.34% of the shares. Our board of directors currently reserves its opinion on this tender offer and has appointed independent financial advisor KPMG FAS and legal advisor Nishimura & Asahi to conduct a verification of fairness. Additionally, to avoid conflicts of interest, an independent special committee has been established to carefully examine the objectives, terms, and fairness of the tender offer.\n\n### Future Outlook and Potential Delisting\nIf the tender offer succeeds, there is a possibility that our shares will be delisted from the Tokyo Stock Exchange Standard Market. Should the tender offeror group acquire more than two-thirds of the voting rights, squeeze-out procedures such as share purchase demands and share consolidation will be implemented, ultimately resulting in cash payments to minority shareholders equivalent to the tender offer price. We will continue to scrutinize whether this tender offer contributes to enhancing corporate value and securing shareholder interests, and will announce our opinion based on the special committee's recommendations.","jir_financial_highlights":"Tender Offer Price: 4,100 yen (Unknown)\nTender Offeror's Share Ownership Ratio: 31.34% (6,767,917 shares) (Unknown)\nTotal Share Ownership Ratio of Tender Offeror Group: 36.14% (7,804,417 shares) (Unknown)","jir_category":"","jir_hashtags":"#Soft99Corporation, #TenderOffer, #TOB, #JapaneseStocks","jir_key_figures":"Tender Offer Price: 4,100 yen \/ share\nTender Offeror's Share Ownership Ratio: 31.34% (6,767,917 shares)\nTotal Share Ownership Ratio of Tender Offeror Group: 36.14% (7,804,417 shares)","jir_meta_title":"Soft99 Corporation Reserves Opinion on Tender Offer by ECM Master Fund at 4,100 Yen per Share","jir_meta_description":"Soft99 Corporation's board reserves its opinion on the tender offer of shares by ECM Master Fund SPV 3. The offer price is 4,100 yen per share, with a shareholding ratio of 31.34%. Potential delisting is also indicated.","jir_og_title":"Soft99 Corporation Reserves Opinion on Tender Offer by ECM","jir_og_description":"Regarding the tender offer of Soft99 Corporation shares by ECM Master Fund SPV 3, the board currently reserves its opinion and is proceeding with fairness verification.","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-20716","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n