MP-2605 Inc. will conduct a tender offer for Solasto Corporation’s common shares at 1,119 yen per share from March 25, 2026 to May 11, 2026. Scheduled purchase amount is 58,886,124 shares with a lower limit of 28,530,600 shares. The Board of Directors supports this tender offer and recommends tendering.<\/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":"6197","jir_company_name":"Solasto Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-03-24","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/6197-20260324-02.pdf","jir_short_summary":"MP-2605 Inc. will conduct a tender offer for Solasto Corporation's common shares at 1,119 yen per share from March 25, 2026 to May 11, 2026. Scheduled purchase amount is 58,886,124 shares with a lower limit of 28,530,600 shares. The Board of Directors supports this tender offer and recommends tendering.","jir_summary":"### Overview of the Tender Offer\nMP-2605 Inc. plans to conduct a tender offer for Solasto Corporation's common shares at 1,119 yen per share from March 25, 2026 to May 11, 2026. The scheduled purchase amount is 58,886,124 shares, with a lower limit of 28,530,600 shares. The tender offer is part of a management buyout (MBO), with Representative Director and President Mr. Toru Noda continuing management. It has been agreed that 31,805,100 shares owned by Daito Trust Construction Co., Ltd. are non-tenderable shares and will not be tendered.\n\n### Management Policy and Future Outlook\nUpon completion of the tender offer, procedures such as stock consolidation and treasury stock acquisition will be conducted to execute a squeeze-out and privatization is planned. The MBK Fund and Mr. Noda have entered into a management delegation agreement and shareholder agreement, aiming for management stability and improved corporate value. The company intends to promote sustainable growth by leveraging technology and improving service quality across its healthcare, nursing care, and child-related businesses. Employee employment conditions will be basically maintained, and incentive plans are under consideration.\n\n### Fairness and Appropriateness of the Tender Offer Price\nThe stock value was calculated by independent third-party evaluation institution Nomura Securities using multiple valuation methods (market price average method, comparable company analysis, DCF method), and the offer provides a 14\u201352% premium over the stock price before the announcement. A special committee was established to ensure fair procedures and conflict-of-interest avoidance measures. The tender offer is judged fair and reasonable for the common shareholders.\n\n### Establishment of the Special Committee and Review System\nIn October 2025, the company established an independent special committee to examine the fairness and appropriateness of the tender offer. Nomura Securities and Nishimura & Asahi law firm were appointed as advisors, and after multiple meetings, careful deliberations were conducted. Mr. Noda was excluded from the review due to conflicts of interest. A market check was also performed, ensuring opportunities for competing proposals.","jir_financial_highlights":"Common Share Purchase Price: 1,119 yen (20.19% premium over the closing price of 931 yen on the business day prior to publication date)\nScheduled Purchase Number: 58,886,124 shares (Unknown)\nLower Limit of Scheduled Purchase Number: 28,530,600 shares (Unknown)\nPurchase Period: March 25, 2026 \u2013 May 11, 2026 (30 business days) (Unknown)\nRevenue for Q3 Fiscal Year Ending March 2026: 105,624 million yen (Unknown)\nOperating Income for Q3 Fiscal Year Ending March 2026: 5,509 million yen (Unknown)\nOrdinary Income for Q3 Fiscal Year Ending March 2026: 5,472 million yen (Unknown)\nQuarterly Net Income per Share for Q3 Fiscal Year Ending March 2026: 38.83 yen (Unknown)","jir_category":"","jir_hashtags":"#SolastoCorporation, #TenderOffer, #MBO, #TOB, #JapaneseStocks","jir_key_figures":"Tender Offer Price: 1,119 yen (per share)\nScheduled Purchase Number: 58,886,124 shares\nLower Limit of Scheduled Purchase Number: 28,530,600 shares\nTender Offer Period: March 25, 2026 \u2013 May 11, 2026 (30 business days)\nRevenue for Q3 Fiscal Year Ending March 2026: 105,624 million yen\nOperating Income for Q3 Fiscal Year Ending March 2026: 5,509 million yen\nOrdinary Income for Q3 Fiscal Year Ending March 2026: 5,472 million yen\nQuarterly Net Income per Share for Q3 Fiscal Year Ending March 2026: 38.83 yen","jir_meta_title":"Solasto Corporation Announces Tender Offer at 1,119 Yen per Share by MP-2605 Inc.","jir_meta_description":"Solasto Corporation is conducting a tender offer of common shares by MP-2605 Inc. at 1,119 yen per share from March 25, 2026 to May 11, 2026. The Board of Directors supports and recommends tendering. Scheduled purchase volume is 58,886,124 shares with a lower limit of 28,530,600 shares.","jir_og_title":"Solasto Corporation Tender Offer Commenced by MP-2605 Inc.","jir_og_description":"MP-2605 Inc. has commenced a tender offer for Solasto Corporation's shares at 1,119 yen per share over a 30-business-day period.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":16834,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-36182","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n