{"id":30115,"date":"2026-02-19T14:06:33","date_gmt":"2026-02-19T05:06:33","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/4384-20260219-01_wp_tender_offer\/"},"modified":"2026-02-19T14:06:33","modified_gmt":"2026-02-19T05:06:33","slug":"4384-20260219-01_wp_tender_offer","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-4384\/ir\/4384-20260219-01_wp_tender_offer\/","title":{"rendered":"Notice Regarding R1 Inc.&#8217;s Position on the Tender Offer for Shares of Raksul Inc. (Stock Code: 4384)"},"content":{"rendered":"<p>R1 Inc. raised the tender offer price for Raksul Inc. from 1,710 yen per share to 1,900 yen, an 11.1% increase, and extended the tender offer period until March 9, 2026.<\/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 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Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-19","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/4384-20260219-01.pdf","jir_short_summary":"R1 Inc. raised the tender offer price for Raksul Inc. from 1,710 yen per share to 1,900 yen, an 11.1% increase, and extended the tender offer period until March 9, 2026.","jir_summary":"### Overview of Changes to Tender Offer Conditions\nR1 Inc. changed the terms of the tender offer for shares of Raksul Inc. conducted from December 12, 2025, by raising the tender offer price from 1,710 yen per share to 1,900 yen, representing an 11.1% increase. Additionally, the tender offer period has been extended by 11 business days, from February 19, 2026, to March 9, 2026. The price level is reasonable, including a premium of 52.00% to 65.07% compared to past MBO transactions, and it is explicitly stated that this will be the final price revision.\n\n### Impact on Shareholders and Future Outlook\nMajor shareholders, including Aspex Opportunity Master Fund (holding 4.47%), have concluded tender agreements, and other institutional investors are considering concluding tender agreements. The price is set above the median valuation by an independent third-party appraiser, and a market check has been conducted with no other acquisition proposals received. The tender offer aims to privatize Raksul, with the management team and R1 Inc. cooperating to enhance corporate value.","jir_financial_highlights":"Tender Offer Price: 1,900 yen (11.1% increase)\nTender Offer Period: December 12, 2025 \u2013 March 9, 2026 (Extended by 11 business days)\nAspex Management Ownership Ratio: 4.47% (Tender agreement concluded)","jir_category":"","jir_hashtags":"#RaksulInc, #TenderOffer, #TOB, #MBO, #JapaneseStocks","jir_key_figures":"Revised Tender Offer Price: 1,900 yen (11.1% increase)\nTender Offer Period: December 12, 2025 \u2013 March 9, 2026 (54 business days)\nAspex Management share tender agreement concluded: 4.47%","jir_meta_title":"Raksul Inc. Tender Offer Price Raised to 1,900 Yen with Extension of Tender Offer Period Until March 9","jir_meta_description":"R1 Inc. has raised the tender offer price per share for Raksul Inc. to 1,900 yen and extended the tender offer period until March 9, 2026. Agreements with major shareholders have been completed, accelerating the move towards privatization.","jir_og_title":"Tender Offer Price for Raksul Inc. Raised to 1,900 Yen","jir_og_description":"R1 Inc. raised the tender offer price to 1,900 yen and extended the period until March 9. Major shareholders have also concluded tender agreements.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9482,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-30115","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 Regarding R1 Inc.&#039;s Position on the Tender Offer for Shares of Raksul Inc. (Stock Code: 4384) - 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-4384\/ir\/4384-20260219-01_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-4384\/ir\/4384-20260219-01_wp_tender_offer\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-4384\/ir\/4384-20260219-01_wp_tender_offer\/\",\"name\":\"Notice Regarding R1 Inc.'s Position on the Tender Offer for Shares of Raksul Inc. 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