Worth reading
15Immaterial
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
30
More than ％ (target holding percentage of the major shareholder)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This tender offerCounterpartySBINM合同会社, SBI Holdings,Inc.
Disclosing companyBASE,Inc.
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.
Date of board resolution28 August 2026
Consideration and expenses
Tender offer periodExtended through 15 October 2026, for a total of 30 business days. Start date: Not disclosed
Procedures and assumptions
Management structure after acquisitionIt is mentioned that the Company may receive management support from this major shareholder, but the treatment of the corporate name, representative and employees is Not disclosed
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | SBINM合同会社, SBI Holdings,Inc. |
| Name of the Subject Company | BASE,Inc. |
| Tender offer period | Extended through 15 October 2026, for a total of 30 business days. Start date: Not disclosed |
| Voting rights ownership percentage | After More than 30％ (target holding percentage of the major shareholder) (before not disclosed) |
| Date of board resolution | 28 August 2026 |
| Management structure after acquisition | It is mentioned that the Company may receive management support from this major shareholder, but the treatment of the corporate name, representative and employees is Not disclosed |
Items this document does not state (25)
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 priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Impact on Business PerformanceContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
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.Because matters arose that should be added to the Company's press release stating its opinion. The major shareholder's side states that it determined that the Company's executive management had not sufficiently considered the disadvantage of restricting the free trading of shares, and that resuming purchases would neither harm SBIHD's interests nor undermine the interests of general shareholders.
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.