SEIBU REALTY Co., Ltd. will conduct a tender offer for shares of Egrand Corporation at 4,858 yen per share. The planned number of shares to be purchased is 6,174,876 shares, with a total purchase price of approximately 29,997,547,608 yen. The tender offer is scheduled to commence on April 1, 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 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":"9024","jir_company_name":"SEIBU HOLDINGS Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-03-31","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/9024-20260331-01.pdf","jir_short_summary":"SEIBU REALTY Co., Ltd. will conduct a tender offer for shares of Egrand Corporation at 4,858 yen per share. The planned number of shares to be purchased is 6,174,876 shares, with a total purchase price of approximately 29,997,547,608 yen. The tender offer is scheduled to commence on April 1, 2026.","jir_summary":"### Overview of the Tender Offer\nSEIBU REALTY Co., Ltd. will commence a tender offer from April 1, 2026, to acquire all common shares and stock acquisition rights of Egrand Corporation with the purpose of making it a wholly-owned subsidiary. The purchase price is set at 4,858 yen per share, representing a premium of approximately 151.71% over the closing price on the Tokyo Stock Exchange Standard Market. The planned number of shares to be purchased is 6,174,876 shares, with a total purchase price of approximately 29,997,547,608 yen. The tender offer period spans 30 business days, and the lower limit of the planned number of shares to be purchased is set at 4,105,200 shares.\n\n### Background and Purpose of the Tender Offer\nThe SEIBU REALTY Group, as part of its growth strategy centered on the real estate business, aims to leverage Egrand\u2019s management resources to enhance fundraising capabilities, expand business areas, and strengthen human resource development. Egrand primarily operates in the used housing refurbishment business and seeks sustainable growth amid intensifying market competition. Following the tender offer, SEIBU REALTY plans to stabilize management and maximize synergy effects by making Egrand a wholly-owned subsidiary.\n\n### Fairness Assurance Measures\nIn determining the tender offer price, SEIBU REALTY secured a stock valuation report from an independent third-party appraisal firm (Deloitte Tohmatsu), and the independent special committee of the target company conducted careful examination and provided recommendations. The purchase price exceeds the market stock price, comparable company analysis, and the upper limit of the discounted cash flow (DCF) valuation results, significantly exceeding the premium levels based on the METI\u2019s fair M&A guidelines. A bidding process was conducted, and the highest price among multiple proposals was selected.\n\n### Post-Tender Offer Policy\nUpon the successful completion of the tender offer, Egrand will become a wholly-owned subsidiary, and the management structure will generally respect the current organization, with decisions made through consultation. Employment for employees is expected to continue in principle. If the tender offer is unsuccessful, steps such as stock acquisition requests and squeeze-out procedures via share consolidation based on the Companies Act are planned. Egrand\u2019s shares are expected to be delisted.","jir_financial_highlights":"Planned Number of Shares to be Purchased: 6,174,876 shares (Unknown)\nPurchase Price (Per Common Share): 4,858 yen (Premium Rate 151.71% (Compared to Closing Price on 2026-03-30))\nTotal Purchase Price: 29,997,547,608 yen (Unknown)\nTender Offer Period: 2026-04-01 to 2026-05-18 (30 business days) (Unknown)\nLower Limit of Planned Number of Shares to be Purchased: 4,105,200 shares (Unknown)","jir_category":"","jir_hashtags":"#SEIBU_HOLDINGS, #Tender_Offer, #TOB, #Japanese_Stocks","jir_key_figures":"Purchase Price (Per Common Share): 4,858 yen (Premium of 151.71% compared to closing price on 2026-03-30)\nPlanned Number of Shares to be Purchased: 6,174,876 shares\nTotal Purchase Price: 29,997,547,608 yen","jir_meta_title":"SEIBU REALTY Commences Tender Offer for Egrand Corporation at 4,858 Yen per Share","jir_meta_description":"SEIBU REALTY initiates a tender offer for shares of Egrand Corporation at 4,858 yen per share. The planned purchase is 6,174,876 shares totaling approximately 29,997.5 million yen, aiming for full ownership.","jir_og_title":"SEIBU REALTY Announces Commencement of Tender Offer for Egrand Corporation Shares","jir_og_description":"SEIBU REALTY begins a tender offer for Egrand Corporation shares at 4,858 yen per share with a total purchase price of approximately 29,997.5 million yen, aiming for full ownership.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7448,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-38250","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n