Komori
M&A and Subsidiary Changes4420eSOL Co.,Ltd.Information and Communications, Services and Others

(Correction) Notice of Partial Correction to the “Notice Regarding the Implementation of an MBO and Recommendation to Tender Shares”

Added to the disclosure dated 1 September concerning the MBO an agreement by shareholder アバールデータ to tender its 800,000 shares in the tender offer and not withdraw them. Accordingly, the number of shares subject to the tender agreement and the number of shares used to calculate the majority-of-minority threshold were updated.

Worth reading
51Recurring
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
800000
Shares (additional shares subject to the tender agreement)
Wording
Definitive
How definitive the wording is.

What was corrected and how

A subsequent correction by the company to the contents of an already published filing.

Original disclosure1 September 2026

Notice Regarding the Implementation of an MBO and Recommendation to Tender Shares

Open the original document
10 daysThe pre-correction wording stayed published for this period (Calculated from the Original Disclosure Date Indicated in the Document)
This correction2026-09-11
Location of correction (where in the original document)

3. Details, basis and reasons for the opinion concerning the tender offer, etc. (2) Basis and reasons for the opinion ① Overview of the tender offer, ② Background, purpose and decision-making process leading the offeror to launch the tender offer, (3) Measures to ensure the fairness of the tender offer ⑦ Setting of a minimum number of shares to be purchased exceeding the majority-of-minority threshold, (6) Material agreements relating to the tender offer ⑨ This non-tender agreement (KAM) and ⑩ This tender agreement (アバールデータ)

Before correction

Number of shares subject to this tender agreement 1,678,854 shares (ownership ratio: 8.51%) / Number of shares representing a majority 7,692,160 shares (shares equivalent to a majority; ownership ratio: 39.01%) / Number of shares after addition 9,416,862 shares after addition

After correction

Number of shares subject to this tender agreement 2,478,854 shares (shares subject to the tender agreement) / AVAL DATA shares subject to tender agreement 800,000 shares subject to the tender agreement with アバールデータ (ownership ratio: 4.06%) / Number of shares representing a majority 7,292,160 shares (shares equivalent to a majority; ownership ratio: 36.98%) / Number of shares after addition 9,816,862 shares after addition

ChangesThe number of shares subject to the tender agreement increased by 800,000. The number of shares equivalent to a majority decreased by 400,000, while the number of shares after addition increased by 400,000.
Reason for correction

Following consideration by アバールデータ, it confirmed on 10 September 2026 its intention to tender all of the company's shares that it holds in the tender offer and agreed to tender them and not withdraw them.

What was corrected and how
ItemDetails
Disclosure subject to correctionNotice Regarding the Implementation of an MBO and Recommendation to Tender Shares
Original disclosure date1 September 2026
Location of correction3. Details, basis and reasons for the opinion concerning the tender offer, etc. (2) Basis and reasons for the opinion ① Overview of the tender offer, ② Background, purpose and decision-making process leading the offeror to launch the tender offer, (3) Measures to ensure the fairness of the tender offer ⑦ Setting of a minimum number of shares to be purchased exceeding the majority-of-minority threshold, (6) Material agreements relating to the tender offer ⑨ This non-tender agreement (KAM) and ⑩ This tender agreement (アバールデータ)
Details of correctionNumber of shares subject to this tender agreement 1,678,854 shares (ownership ratio: 8.51%) / Number of shares representing a majority 7,692,160 shares (shares equivalent to a majority; ownership ratio: 39.01%) / Number of shares after addition 9,416,862 shares after addition → Number of shares subject to this tender agreement 2,478,854 shares (shares subject to the tender agreement) / AVAL DATA shares subject to tender agreement 800,000 shares subject to the tender agreement with アバールデータ (ownership ratio: 4.06%) / Number of shares representing a majority 7,292,160 shares (shares equivalent to a majority; ownership ratio: 36.98%) / Number of shares after addition 9,816,862 shares after addition
Reason for correctionFollowing consideration by アバールデータ, it confirmed on 10 September 2026 its intention to tender all of the company's shares that it holds in the tender offer and agreed to tender them and not withdraw them.
Items this document does not state (1)
Impact on Business Performance

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.

Following consideration by アバールデータ, it confirmed on 10 September 2026 its intention to tender all of the company's shares that it holds in the tender offer and agreed to tender them and not withdraw them. No other reason for the correction has been specified.

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.
(Correction) Notice of Partial Correction to the “Notice Regarding the Implementation of an MBO and Recommendation to Tender Shares” | eSOL Co.,Ltd. (4420) timely disclosure | Komori