{"id":30116,"date":"2026-02-19T14:06:36","date_gmt":"2026-02-19T05:06:36","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/4384-20260219-02_wp_tender_offer\/"},"modified":"2026-02-19T14:06:36","modified_gmt":"2026-02-19T05:06:36","slug":"4384-20260219-02_wp_tender_offer","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-4384\/ir\/4384-20260219-02_wp_tender_offer\/","title":{"rendered":"Notice of Change to Tender Offer Conditions for Shares of Raksul Inc. (Securities Code: 4384) by R1 Corporation"},"content":{"rendered":"<p>Tender offer price raised from 1,710 yen to 1,900 yen per share and tender offer period extended to March 9, 2026. Announcement also made of subscription agreement with Aspex Opportunity Master Fund for 2,664,000 shares (4.47%).<\/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":"4384","jir_company_name":"Raksul 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\/4384-20260219-02.pdf","jir_short_summary":"Tender offer price raised from 1,710 yen to 1,900 yen per share and tender offer period extended to March 9, 2026. Announcement also made of subscription agreement with Aspex Opportunity Master Fund for 2,664,000 shares (4.47%).","jir_summary":"### Summary of Changes to Tender Offer Conditions\nR1 Corporation has decided to increase the tender offer price for shares of Raksul Inc. from the previous 1,710 yen to 1,900 yen and to extend the tender offer period until March 9, 2026. The price increase is based on Goldman Sachs' reasonable investment criteria, providing favorable terms to the shareholders subject to the offer. It is also clearly stated that the tender offer price will be the final price and will not be changed going forward.\n\n### Contracts with Shareholders and Future Outlook\nA subscription agreement has been concluded with Aspex Opportunity Master Fund (holding 2,664,000 shares, 4.47%) to tender all shares in this tender offer. Furthermore, based on tender offer agreements with Mr. Yo Nagami and Mr. Yasukatsu Matsumoto, their shares and stock acquisition rights are confirmed to be tendered. After the tender offer is successful, a squeeze-out procedure will be conducted to streamline the shareholder composition. As a result, the likelihood of the tender offer's completion is increased, providing shareholders with a reasonable opportunity to sell.","jir_financial_highlights":"Tender Offer Price: 1,900 yen (Raised from 1,710 yen)\nTender Offer Period: From December 12, 2025 to March 9, 2026 (54 business days) (Extended from February 19, 2026 (43 business days))\nShares Owned by Aspex Opportunity Master Fund: 2,664,000 shares (Subscription agreement to tender in this offer concluded)","jir_category":"","jir_hashtags":"#RaksulInc, #TenderOffer, #TOB, #JapaneseStocks","jir_key_figures":"Tender Offer Price: 1,900 yen (raised from 1,710 yen)\nTender Offer Period: December 12, 2025 \u2013 March 9, 2026 (54 business days)\nShares Owned by Aspex Opportunity Master Fund: 2,664,000 shares (4.47%) Subscription agreement concluded for all shares","jir_meta_title":"Raksul Inc. Raises Tender Offer Price to 1,900 Yen and Extends Tender Offer Period to March 9, 2026","jir_meta_description":"R1 Corporation raises the tender offer price for shares of Raksul Inc. to 1,900 yen per share and extends the tender offer period to March 9, 2026. Also announces subscription agreement with Aspex Opportunity Master Fund, increasing the likelihood of TOB completion.","jir_og_title":"Notice of Tender Offer Price Increase and Period Extension for Raksul Inc.","jir_og_description":"R1 Corporation has raised the tender offer price for shares of Raksul Inc. to 1,900 yen and extended the tender offer period to March 9, 2026. Subscription agreements with major shareholders have also been concluded.","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-30116","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 of Change to Tender Offer Conditions for Shares of Raksul Inc. 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