Orsay Co., Ltd. has decided to acquire ARIVAN shares by means of a public tender offer (TOB). Purchase price is 1,900 yen per share, tender period is from 2026\/07\/13 to 2026\/08\/25, planned number of shares to be tendered is 5,978,487 shares, with a minimum of 3,845,584 shares. Public Tender Offer Agent is Mizuho Securities, with Rakuten Securities named as the sub-agent. Settlement start date is 2026\/09\/01. Details include information on major shareholders\u2019 ownership, existing agreements, and handling of restricted shares, among other provisions.<\/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":"7523","jir_company_name":"ARVIVAN Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-07-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/07\/7523-20260710-01.pdf","jir_short_summary":"Orsay Co., Ltd. has decided to acquire ARIVAN shares by means of a public tender offer (TOB). Purchase price is 1,900 yen per share, tender period is from 2026\/07\/13 to 2026\/08\/25, planned number of shares to be tendered is 5,978,487 shares, with a minimum of 3,845,584 shares. Public Tender Offer Agent is Mizuho Securities, with Rakuten Securities named as the sub-agent. Settlement start date is 2026\/09\/01. Details include information on major shareholders\u2019 ownership, existing agreements, and handling of restricted shares, among other provisions.","jir_summary":"### Overview\nThis is an announcement of the start of a public tender offer for ARIVAN shares by Orsay, conducted as part of a management buyout (MBO) aimed at taking the target company private through share acquisition. The tender price is 1,900 yen per share, the tender period lasts about one month, and the scale is expected to be about 5,978,487 shares. The Public Tender Offer Agent is Mizuho Securities, with Rakuten Securities designated as sub-agent. Settlement is scheduled to start on September 1, 2026.\n\n### Shareholder Structure \/ Conditions\nThe document outlines why the previous TOB failed, detailing relationships with major shareholders Hiroshi Makino and Katsuko Corporation and their shareholdings. This tender will target the shares of major shareholders and the top shareholder, excluding Nakazawa\u2019s holdings (excluding shares subject to this non-submission agreement). It also hints at conditional handling including approvals for organizational restructuring.","jir_financial_highlights":"Types of shares to be tendered: Common stock (Unknown)\nTender offer price: 1,900 yen (Unknown)\nNumber of shares to be tendered: 5,978,487 shares (Unknown)\nLower limit of tendered shares: 3,845,584 shares (Unknown)\nSettlement start date: September 1, 2026 (Unknown)\nTender period: July 13, 2026 to August 25, 2026 (Unknown)","jir_category":"","jir_hashtags":"#ARIVAN Co., Ltd., #TOB, #JapanEquities","jir_key_figures":"Purchase price: 1,900 yen\nNumber of shares to be tendered: 5,978,487 shares\nLower limit of tendered shares: 3,845,584 shares","jir_meta_title":"\u3010ARIVAN Co., Ltd.\u3011Notice of Start of Public Tender Offer by Orsay \uff5c July 2026","jir_meta_description":"Orsay announces plans to acquire ARIVAN shares via a public tender offer. Tender price 1,900 yen, period 2026\/7\/13\u20132026\/8\/25, total shares to be tendered 5,978,487. Settlement start date 2026\/9\/1. Public Tender Offer Agent: Mizuho Securities; Sub-agent: Rakuten Securities. Please see the main text for details.","jir_og_title":"Announcement of TOB Start by Orsay \uff5c July 2026","jir_og_description":"Orsay announces plans to acquire ARIVAN shares through a public tender offer. Purchase price 1,900 yen, period 7\/13\u20138\/25, settlement begins 9\/1.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":58299,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-78742","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n