株式会社西武不動産's Decision to Make a Demand for the Sale of Shares in the Company, Approval of the Demand and Delisting of the Company's Shares
e'grand Co.,Ltd (company subject to the demand) and 株式会社西武不動産 (controlling shareholder and acquiring entity)
e'grand Co.,Ltd common shares (listed on the Tokyo Stock Exchange Standard Market)
Following the tender offer, 株式会社西武不動産's voting rights ownership ratio reached 90.83%, making it a controlling shareholder as defined in Article 179, Paragraph 1 of the Companies Act
Related procedures
Demand for the sale of shares under Article 179, Paragraph 1 of the Companies Act (two-step acquisition following the tender offer) and delisting procedures
Tokyo Stock Exchange, Inc. (designation as securities to be delisted and delisting)
¥4,858 per common share
Share sale consideration of ¥4,858 per common share. The impact on profit or loss and the accounting classification are Not disclosed
No mention of the impact on earnings forecasts: Not disclosed
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
5,549,551 shares, 90.83% (as of 25 May 2026)
Company response
A special committee was established on 27 October 2025. It consists of 3 members, with Tsuji Takashi (辻 高史) as chair and Mochizuki Akiko (望月晶子) and Matsumoto Koichi (松本髙一) as members
The last trading day is scheduled for 12 June 2026, the delisting date for 15 June 2026 and the acquisition date for 17 June 2026. The Company's planned management structure, policies and plans will be discussed and considered between the Company and 株式会社西武不動産 going forward
| Item | Details |
|---|---|
| Event name | 株式会社西武不動産's Decision to Make a Demand for the Sale of Shares in the Company, Approval of the Demand and Delisting of the Company's Shares |
| Date of occurrence | 27 May 2026 (the date of 株式会社西武不動産's decision to make the demand for the sale of shares and the Company's Board of Directors' approval resolution) |
| Date recognized / date notice received | 27 May 2026 (the date the Company received notification from 株式会社西武不動産 regarding the demand for the sale of shares) |
| Subject Entity | e'grand Co.,Ltd (company subject to the demand) and 株式会社西武不動産 (controlling shareholder and acquiring entity) |
| Target Locations / Products | e'grand Co.,Ltd common shares (listed on the Tokyo Stock Exchange Standard Market) |
| Cause | Following the tender offer, 株式会社西武不動産's voting rights ownership ratio reached 90.83%, making it a controlling shareholder as defined in Article 179, Paragraph 1 of the Companies Act |
| Amount of Impact on Business Performance | Share sale consideration of ¥4,858 per common share. The impact on profit or loss and the accounting classification are Not disclosed |
| Impact on Earnings Forecast | No mention of the impact on earnings forecasts: Not disclosed |
| Type of litigation or proceeding | Demand for the sale of shares under Article 179, Paragraph 1 of the Companies Act (two-step acquisition following the tender offer) and delisting procedures |
| Court or authority | Tokyo Stock Exchange, Inc. (designation as securities to be delisted and delisting) |
| Date of filing / date of action | 27 May 2026 (the date of the demand for the sale of shares and the Company's Board of Directors' resolution) |
| Claim amount / surcharge amount | ¥4,858 per common share |
| Investigation structure | A special committee was established on 27 October 2025. It consists of 3 members, with Tsuji Takashi (辻 高史) as chair and Mochizuki Akiko (望月晶子) and Matsumoto Koichi (松本髙一) as members |
| Voting rights ownership percentage after the change | 5,549,551 shares, 90.83% (as of 25 May 2026) |
| Outlook | The last trading day is scheduled for 12 June 2026, the delisting date for 15 June 2026 and the acquisition date for 17 June 2026. The Company's planned management structure, policies and plans will be discussed and considered between the Company and 株式会社西武不動産 going forward |
Items this document does not state (10)
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.株式会社西武不動産 became the Company's controlling shareholder with 90.83% of voting rights through a tender offer and is proceeding with a two-step acquisition to take the Company private. The Company approved the demand for the sale of shares because it determined that the transaction would contribute to enhancing corporate value and that the terms, including the consideration for the sale, the source of funds and the payment method, were appropriate.