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Management planning4689LY CorporationInformation and Communications, Services and Others

Notice Regarding the Submission of a Proposal on the Capital Policy of Kakaku.com,Inc.

LINEヤフー and Bain Capital-affiliated funds resubmitted a proposal on capital policy, including taking Kakaku.com,Inc. private. The indicative tender offer price was increased from ¥3,000 to ¥3,232 per share.

Worth reading
16Immaterial
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
232
¥ per share
Wording
Avoiding a definitive answer
How definitive the wording is.

Items stated in the management plan

Partially revised
Proposal on capital policy, including taking Kakaku.com,Inc. private
Publication date 14 May 2026
Key initiatives
01Strategic M&A
02A cash tender offer for Kakaku.com,Inc.'s shares and stock acquisition rights
03Subsequent squeeze-out procedures
Plan assumptionsInitially assumed based on publicly available information, Review of an assumed structure similar to the structure for taking Kakaku.com,Inc.'s shares private, General terms and conditions ordinarily assumed in similar transactions as the principal conditions for launching the tender offer
Reason for revision or withdrawal

Based on a review of an assumed structure similar to the structure for taking Kakaku.com,Inc.'s shares private, as set out in the tender offer registration statement filed by Kamgras 1株式会社 on 13 May 2026, a revised proposal was submitted with an indicative tender offer price of ¥3,232 per share.

Items stated in the management plan
ItemDetails
Plan nameProposal on capital policy, including taking Kakaku.com,Inc. private
Progress against the planPartially revised
Plan assumptionsInitially assumed based on publicly available information, Review of an assumed structure similar to the structure for taking Kakaku.com,Inc.'s shares private, General terms and conditions ordinarily assumed in similar transactions as the principal conditions for launching the tender offer
Key initiativesStrategic M&A, A cash tender offer for Kakaku.com,Inc.'s shares and stock acquisition rights, Subsequent squeeze-out procedures
Reason for revision or withdrawalBased on a review of an assumed structure similar to the structure for taking Kakaku.com,Inc.'s shares private, as set out in the tender offer registration statement filed by Kamgras 1株式会社 on 13 May 2026, a revised proposal was submitted with an indicative tender offer price of ¥3,232 per share.
Publication date14 May 2026
Items this document does not state (19)
Plan periodSales TargetOperating profit targetOperating profit margin targetNet income targetROE targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalSelf-assessment of PBR and share priceTotal investment planInvestment amount by sectorSegment targetNon-financial targetsResults under the previous planSize of the Target MarketRisks identifiedDate of board resolution

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 strategic M&A was positioned as one of the key growth strategies, and Kakaku.com,Inc.'s business, data and high-frequency conversion touchpoints were considered to have significant strategic value, with the potential to create next-generation scale, revenue models and synergies through collaboration. The proposal price was also resubmitted based on a review of an assumed structure similar to the structure for taking Kakaku.com,Inc. private.

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.
Notice Regarding the Submission of a Proposal on the Capital Policy of Kakaku.com,Inc. | LY Corporation (4689) timely disclosure | Komori