Daito Trust Construction Co., Ltd. has commenced a tender offer for THE GLOBAL Inc. shares at 1,280 yen per share. The planned purchase volume is 13,600,924 shares with a total purchase amount of 17,409 million yen. The tender offer period is scheduled from April 7, 2026, to May 22, 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":"1878","jir_company_name":"Daito Trust Construction Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-04-06","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/04\/1878-20260406-01.pdf","jir_short_summary":"Daito Trust Construction Co., Ltd. has commenced a tender offer for THE GLOBAL Inc. shares at 1,280 yen per share. The planned purchase volume is 13,600,924 shares with a total purchase amount of 17,409 million yen. The tender offer period is scheduled from April 7, 2026, to May 22, 2026.","jir_summary":"### Overview of the Tender Offer\nDaito Trust Construction Co., Ltd. has commenced a tender offer for all common shares of THE GLOBAL Inc. (excluding treasury shares and shares held by SBI Holdings) at a price of 1,280 yen per share. The planned purchase volume is 13,600,924 shares, amounting to a total purchase price of 17,409 million yen. The tender offer period is 30 business days from April 7, 2026, to May 22, 2026. A lower limit on the purchase volume is set at 4,165,600 shares; if this threshold is not met, the purchase will not be conducted.\n\n### Purpose of the Tender Offer and Future Policy\nThis tender offer aims to make the target a wholly-owned subsidiary and delist it. Following the acquisition, share consolidation and share buyback are planned. By addressing management issues and enhancing corporate value using the capital and business base of the tender offeror group, the plan is to strengthen real estate development capabilities in central urban areas, improve cost efficiency, and stabilize the revenue base. The board of directors of the target company has endorsed this tender offer and recommends shareholders to participate.\n\n### Measures to Ensure Fairness\nThe reasonableness of the tender offer price has been verified based on stock valuation reports issued by independent third-party valuation organizations (SMBC Nikko Securities, KPMG). A special committee has been established to avoid conflicts of interest and ensure fairness. The tender offer period is set at 30 business days, longer than the statutory minimum, and opportunities for competing bids are secured.\n\n### Impact on Shareholders and Future Schedule\nUpon successful completion of the tender offer, share consolidation and share buyback will be conducted in July 2026, and the target shares are expected to be delisted. The tender offeror will support share buyback through funding. Employment and treatment of the target company\u2019s employees will be maintained in principle. Settlement will begin on May 28, 2026, after the tender offer period ends.","jir_financial_highlights":"Tender Offer Price: 1,280 yen (Approximately 19.85% to 38.68% premium over the market price of the target shares)\nPlanned Purchase Volume: 13,600,924 shares (Unknown)\nLower Limit of Planned Purchase Volume: 4,165,600 shares (Unknown)\nTotal Purchase Amount: 17,409 million yen (Unknown)\nTender Offer Period: From April 7, 2026 to May 22, 2026 (30 business days) (Unknown)","jir_category":"","jir_hashtags":"#DaitoTrustConstructionCoLtd, #TenderOffer, #TOB, #JapaneseStocks","jir_key_figures":"Tender Offer Price: 1,280 yen (up to approximately 48.49% premium over market price)\nPlanned Purchase Volume: 13,600,924 shares (excluding treasury shares and shares held by SBI Holdings)\nTotal Purchase Amount: 17,409 million yen\nTender Offer Period: April 7, 2026 \u2013 May 22, 2026 (30 business days)\nLower Limit of Planned Purchase Volume: 4,165,600 shares","jir_meta_title":"Daito Trust Construction Begins Tender Offer for THE GLOBAL Inc. Shares at 1,280 Yen per Share, Total Purchase Amount 17,409 Million Yen","jir_meta_description":"Daito Trust Construction Co., Ltd. has commenced a tender offer for THE GLOBAL Inc. shares at 1,280 yen per share. The planned purchase volume is 13,600,924 shares, with the offer period running from April 7, 2026 to May 22, 2026. The aim is to make THE GLOBAL Inc. a wholly-owned subsidiary.","jir_og_title":"Daito Trust Construction Commences Tender Offer for THE GLOBAL Inc.","jir_og_description":"Daito Trust Construction is conducting a tender offer for THE GLOBAL Inc. shares at 1,280 yen per share. The total purchase amount is 17,409 million yen, scheduled from April 7, 2026 to May 22, 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":7542,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-39199","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n