{"id":98095,"date":"2026-08-06T19:18:39","date_gmt":"2026-08-06T10:18:39","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/3676-20260806-04_wp_executive_change\/"},"modified":"2026-08-06T19:18:39","modified_gmt":"2026-08-06T10:18:39","slug":"3676-20260806-04_wp_executive_change","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-3676\/ir\/3676-20260806-04_wp_executive_change\/","title":{"rendered":"Notice: Implementation of MBO and Recommendation to Apply"},"content":{"rendered":"<p>Today, at the board meeting, it was resolved to support Sandbox&#8217;s public tender offer and to recommend shareholder participation. Offer price is 1,060 yen per normal share, with a minimum number of shares to purchase set at 5,922,743. After completion, organizational restructuring including a squeezout and share exchange is planned. Mr. Miyazawa is the representative director, and management will continue under the MBO structure. Funds are expected to be provided by Mizuho Bank.<\/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":"3676","jir_company_name":"Digital Hearts Holdings, Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-08-06","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/08\/3676-20260806-04.pdf","jir_short_summary":"Today, at the board meeting, it was resolved to support Sandbox's public tender offer and to recommend shareholder participation. Offer price is 1,060 yen per normal share, with a minimum number of shares to purchase set at 5,922,743. After completion, organizational restructuring including a squeezout and share exchange is planned. Mr. Miyazawa is the representative director, and management will continue under the MBO structure. Funds are expected to be provided by Mizuho Bank.","jir_summary":"### Overview of this matter\nDigital Hearts Holdings today, at the board meeting, agreed to support Sandbox, which holds the position of representative director and is the company\u2019s largest shareholder, in a public tender offer and resolved to recommend shareholders to participate. The offer is 1,060 yen per normal share, with a minimum of 5,922,743 shares. Post-offer, organizational restructuring including privatization is planned, with consideration of a squeeze-out and share exchange. Funding is expected to be provided by Mizuho Bank.\n\n### Impact on shareholders and market and outlook\nThis tender offer is part of an MBO, and Miyazawa is expected to continue to play a central role in management. Following completion, organizational restructuring and potential share consolidation may significantly alter the shareholder composition. The premium to the market price is reflected in the tender offer price, and fairness measures are in place. The tender period is set for 31 business days to ensure opportunities for counter-proposals.","jir_financial_highlights":"Tender offer price for common shares: 1,060 \u5186 (\u8a2d\u5b9a\u5024)\nMinimum number of shares to be purchased: 5,922,743 \u682a (\u4e0b\u9650\u8a2d\u5b9a)\nTender offer period: 31 \u55b6\u696d\u65e5 (\u8a2d\u5b9a\u65e5)","jir_category":"","jir_hashtags":"#DigitalHeartsHoldings, #ManagementBuyout","jir_key_figures":"Tender price: 1,060 \u5186\nMinimum shares to be purchased: 5,922,743 \u682a\nTender offer period: 31 \u55b6\u696d\u65e5","jir_meta_title":"\u3010Digital Hearts Holdings\u3011Tender Offer Resolution Related to MBO | August 2026","jir_meta_description":"Digital Hearts HD agrees to and recommends shareholder participation in Sandbox's tender offer. Offer price 1,060 yen, minimum shares 5,922,743, period 31 business days. Disclosure of organizational restructuring toward privatization.","jir_og_title":"Digital Hearts HD Supports and Recommends Participation in Sandbox's Tender Offer","jir_og_description":"In response to Sandbox's tender offer, Digital Hearts HD has resolved to support and recommend shareholder participation. Offer price 1,060 yen, minimum 5,922,743 shares, period 31 business days. Outline of future organizational restructuring and privatization plans.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":57737,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"executive_change","footnotes":""},"sector":[],"importance":[],"class_list":["post-98095","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: Implementation of MBO and Recommendation to Apply - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-3676\/ir\/3676-20260806-04_wp_executive_change\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-3676\/ir\/3676-20260806-04_wp_executive_change\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-3676\/ir\/3676-20260806-04_wp_executive_change\/\",\"name\":\"Notice: Implementation of MBO and Recommendation to Apply - 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