Komori
M&A and Subsidiary Changes4477BASE,Inc.Information and Communications, Services and Others

(Partial Amendment) Notice Regarding the Statement of Support for, and Neutrality Regarding Tendering into, the Tender Offer for the Company's Shares by SBINM GK and the Execution of a Capital and Business Alliance Agreement with SBIHD

The tender offer period was extended from 20 business days, ending on 30 September 2026, to 30 business days, ending on 15 October 2026. Accordingly, the settlement commencement date was also changed to 22 October, while there was no change to the opinion supporting the tender offer or to any other purchase terms.

Worth reading
35Immaterial
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
10
Business days (extended from 20 business days to 30 business days)
Wording
Definitive
How definitive the wording is.

This transaction

This tender offer
CounterpartySBINM合同会社 (a wholly owned subsidiary of SBI Holdings,Inc.)
Disclosing companyBASE,Inc.
BASE,Inc.Voting rights ownership percentageNumber of shares acquired Maximum number of shares to be purchased: 23,792,300 (actual number of shares acquired: Not disclosed; number of voting rights: Not disclosed)

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 Date22 October 2026 (settlement commencement date for the tender offer)
Consideration and expenses
Type of ConsiderationCash (¥340 per common share)
Tender offer price¥340 per common share
Minimum number of shares to be purchasedNone (—)
Tender offer periodFrom 31 August 2026 to 15 October 2026 (30 business days)
This transaction
ItemDetails
Transaction nameThis tender offer
Counterparty nameSBINM合同会社 (a wholly owned subsidiary of SBI Holdings,Inc.)
Name of the Subject CompanyBASE,Inc.
Type of ConsiderationCash (¥340 per common share)
Tender offer price¥340 per common share
Minimum number of shares to be purchasedNone (—)
Tender offer periodFrom 31 August 2026 to 15 October 2026 (30 business days)
Number of shares acquiredMaximum number of shares to be purchased: 23,792,300 (actual number of shares acquired: Not disclosed; number of voting rights: Not disclosed)
Voting rights ownership percentageAfter 20.67% (before not disclosed)
Execution Date / Effective Date22 October 2026 (settlement commencement date for the tender offer)
Items this document does not state (22)
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 ratioFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceDate of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement 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.

After comprehensively considering the status of shareholder tenders since the launch of the tender offer and the outlook for further tenders, it was determined appropriate to provide shareholders with an additional opportunity to consider whether to tender their shares into the tender offer.

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.
(Partial Amendment) Notice Regarding the Statement of Support for, and Neutrality Regarding Tendering into, the Tender Offer for the Company's Shares by SBINM GK and the Execution of a Capital and Business Alliance Agreement with SBIHD | BASE,Inc. (4477) timely disclosure | Komori