Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
16276
¥ millionWording
Avoiding a definitive answer
How definitive the wording is.This transaction
This tender offerCounterparty (target company)株式会社 THE グローバル社
Disclosing companyDAITO TRUST CONSTRUCTION CO.,LTD.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Execution Date / Effective Date28 May 2026 (予定)
Target company
Sales agency business, building management business, condominium development and sales business, hotel business, and income-producing property business
Location Shinjuku-ku, TokyoShare capital ¥1,924 millionDate of incorporation 1 July 2010
Net Sales¥61,747 million (fiscal year ended June 2025)
Operating profit¥5,415 million (fiscal year ended June 2025)
Net income for the current fiscal year¥3,683 million (fiscal year ended June 2025; consolidated net income attributable to owners of the parent)
Net assets¥10,853 million (fiscal year ended June 2025; consolidated net assets)
Consideration and expenses
Acquisition price¥16,276 million
Type of ConsiderationCash
Tender offer price¥1,280 per common share
Minimum number of shares to be purchased4,165,600 shares
Tender offer period7 April 2026 to 22 May 2026 (30 business days)
Impact on Business Performance
Currently under review
Procedures and assumptions
Conditions Precedent to ExecutionA series of procedures is planned to leave 大東建託 and SBIホールディングス as the only shareholders of the target company. Detailed conditions are Not disclosed.
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | 株式会社 THE グローバル社 |
| Name of the Subject Company | 株式会社 THE グローバル社 |
| Business Description of the Subject Company | Sales agency business, building management business, condominium development and sales business, hotel business, and income-producing property business |
| Location of the Subject Company | Shinjuku-ku, Tokyo |
| Capital Stock of the Subject Company | ¥1,924 million |
| Date of Establishment of the Subject Company | 1 July 2010 |
| Net Sales of the Subject Company | ¥61,747 million (fiscal year ended June 2025) |
| Operating Profit of the Subject Company | ¥5,415 million (fiscal year ended June 2025) |
| Net Income of the Subject Company | ¥3,683 million (fiscal year ended June 2025; consolidated net income attributable to owners of the parent) |
| Net Assets of the Subject Company | ¥10,853 million (fiscal year ended June 2025; consolidated net assets) |
| Acquisition price | ¥16,276 million |
| Type of Consideration | Cash |
| Tender offer price | ¥1,280 per common share |
| Minimum number of shares to be purchased | 4,165,600 shares |
| Tender offer period | 7 April 2026 to 22 May 2026 (30 business days) |
| Number of shares acquired | 12,715,775 shares (number of voting rights: 127,157) |
| Voting rights ownership percentage | Before －% → after 44.92% |
| Impact on Business Performance | Currently under review |
| Execution Date / Effective Date | 28 May 2026 (予定) |
| Conditions Precedent to Execution | A series of procedures is planned to leave 大東建託 and SBIホールディングス as the only shareholders of the target company. Detailed conditions are Not disclosed. |
Items this document does not state (11)
Expenses other than the acquisition priceMerger ratio/share exchange ratioFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The document states that, as a result of the tender offer, the target company is expected to become an associate of 大東建託, but does not explain the specific purpose or rationale for carrying out the transaction.
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