Decision and Details
The Company's Board of DirectorsApproval of a demand for sale of shares by a special controlling shareholder
To take the Company's shares private and make the Company a wholly owned subsidiary of 西武不動産 as part of this transaction. It was determined that there were no issues concerning the fairness of the consideration, the availability of funds or the payment method, among other matters.
No specific information is provided regarding the impact of this matter on financial results.
| Item | Details |
|---|---|
| Matter Covered | Approval of a demand for sale of shares by a special controlling shareholder |
| Decision-Making Body | The Company's Board of Directors |
| Decision Date | 27 May 2026 |
| Implementation Date | 17 June 2026 (scheduled acquisition date) |
| Period Covered | From the acquisition date onward, after the demand for sale of shares takes effect |
| Amount | ¥4,858 per share subject to this sale demand |
| Quantity / scale | All of the Company's common shares held by the shareholders subject to this sale demand; 西武不動産's voting rights ownership ratio: 90.83% |
| Impact on Business Performance | No specific information is provided regarding the impact of this matter on financial results. |
| Reason | To take the Company's shares private and make the Company a wholly owned subsidiary of 西武不動産 as part of this transaction. It was determined that there were no issues concerning the fairness of the consideration, the availability of funds or the payment method, among other matters. |
| Governing Rule | Companies Act, Article 179, paragraph 1; Article 179-2, paragraph 1; Article 179-5, paragraph 1; Ordinance for Enforcement of the Companies Act, Articles 33-5 and 33-7 |
| Related previous disclosures | "Notice of Opinion in Favor of the Tender Offer by 株式会社西武不動産 for the Company's Share Certificates, etc., and Recommendation to Tender," dated 31 March 2026; "Summary of Financial Results for the Fiscal Year Ended March 2026 [Japanese GAAP]," announced on 11 May 2026; "Summary of Financial Results for the Nine Months Ended December 2025 [Japanese GAAP] (Non-consolidated)," announced on 30 January 2026 |
| Future plans | 西武不動産 is scheduled to acquire the shares subject to this sale demand on 17 June 2026 and deliver the consideration for the sale of these shares within a reasonable period after the acquisition date. |
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The demand for sale of shares forms part of the process of making イーグランド a wholly owned subsidiary and taking it private following the tender offer. The consideration is equal to the tender offer price, and it was determined that there were no unreasonable aspects concerning the fairness of the price, availability of funds, payment method or timing of delivery.