Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
20
¥ per share (increase in the tender offer price)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This tender offerCounterparty株式会社Amsterdam1, 株式会社Amsterdam2
Disclosing companyJapan Property Management Center Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Type of ConsiderationCash (¥2,270 per common share)
Tender offer price¥2,270 per common share (¥2,250 before the change)
Minimum number of shares to be purchased5,049,300 shares (30.23% ownership interest)
Tender offer period4 August 2026 to 5 October 2026 (41 business days)
Funding arrangementsFunding is expected to be provided through a private placement of classes of shares, with the offerors serving as the subscribers, to fund the share buyback.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the tender offer, approval of the proposals regarding the share consolidation and other matters at the target company's extraordinary shareholders' meeting, the share consolidation taking effect, the new funding, and reductions in stated capital and capital reserves, among other conditions.
Management structure after acquisitionMuto (武藤氏) is expected to reinvest in the offerors' parent companies and hold 5% of the voting rights in each. The treatment of the target company's corporate name, representative and employees is Not disclosed
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | 株式会社Amsterdam1, 株式会社Amsterdam2 |
| Name of the Subject Company | Japan Property Management Center Co.,Ltd. |
| Type of Consideration | Cash (¥2,270 per common share) |
| Tender offer price | ¥2,270 per common share (¥2,250 before the change) |
| Minimum number of shares to be purchased | 5,049,300 shares (30.23% ownership interest) |
| Tender offer period | 4 August 2026 to 5 October 2026 (41 business days) |
| Number of shares acquired | Number of shares sought: 10,644,725 shares. The actual number of shares acquired and the number of voting rights are Not disclosed |
| Voting rights ownership percentage | Before 73.65% (number of shares sought), 40.16% (minimum number of shares sought) → after 63.72% (number of shares sought), 30.23% (minimum number of shares sought) |
| Funding arrangements | Funding is expected to be provided through a private placement of classes of shares, with the offerors serving as the subscribers, to fund the share buyback. |
| Date of board resolution | 14 September 2026 (the date on which the offerors decided to change the tender offer terms; not expressly stated to be a board resolution) |
| Contract Date | 3 August 2026 (existing agreements not to tender shares and agreements to tender shares); 14 September 2026 (the new agreement not to tender shares with the Hikari Tsushin Group) |
| Execution Date / Effective Date | 13 October 2026 (settlement commencement date). The share consolidation, share buyback, funding, reduction of capital and other measures are planned. |
| Conditions Precedent to Execution | Completion of the tender offer, approval of the proposals regarding the share consolidation and other matters at the target company's extraordinary shareholders' meeting, the share consolidation taking effect, the new funding, and reductions in stated capital and capital reserves, among other conditions. |
| Management structure after acquisition | Muto (武藤氏) is expected to reinvest in the offerors' parent companies and hold 5% of the voting rights in each. The treatment of the target company's corporate name, representative and employees is Not disclosed |
Items this document does not state (17)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceValuation methodologyIndependent valuation institutionSpecial Committee
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.To increase the tender offer price and allocate more of the proceeds to minority shareholders by having the Hikari Tsushin Group distribute part of its shareholdings in kind to HTIO, with HTIO participating in the target company's share buyback. The purpose is also to improve the feasibility of taking the company private through a share consolidation.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.