Worth reading
73In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
721295
Shares (number of shares tendered; number of shares purchased: 0)Wording
Definitive
How definitive the wording is.This transaction
This tender offerCounterpartyGerbera holdings株式会社
Disclosing companyMETALART CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Date of board resolution14 May 2026
Execution Date / Effective DateNot applicable (tender offer was unsuccessful)
Consideration and expenses
Type of ConsiderationCash (tender offer price of ¥7,713 per common share)
Tender offer price¥7,713 per common share
Minimum number of shares to be purchased849,600 shares
Tender offer periodFrom 15 May 2026 through 28 July 2026 (52 business days)
Procedures and assumptions
Conditions Precedent to ExecutionThe total number of share certificates and other instruments tendered must be at least the minimum number of shares to be purchased, 849,600 shares. If the number is below the minimum, none of the tendered share certificates and other instruments will be purchased.
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | Gerbera holdings株式会社 |
| Name of the Subject Company | METALART CORPORATION |
| Type of Consideration | Cash (tender offer price of ¥7,713 per common share) |
| Tender offer price | ¥7,713 per common share |
| Minimum number of shares to be purchased | 849,600 shares |
| Tender offer period | From 15 May 2026 through 28 July 2026 (52 business days) |
| Number of shares acquired | 0 shares (number of shares purchased: —); number of voting rights: Not disclosed |
| Voting rights ownership percentage | Before Tender offeror: —%; specially related parties: 36.23% → after Tender offeror: —%; specially related parties: 36.23% |
| Date of board resolution | 14 May 2026 |
| Execution Date / Effective Date | Not applicable (tender offer was unsuccessful) |
| Conditions Precedent to Execution | The total number of share certificates and other instruments tendered must be at least the minimum number of shares to be purchased, 849,600 shares. If the number is below the minimum, none of the tendered share certificates and other instruments will be purchased. |
Items this document does not state (20)
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 PerformanceContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement 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.Because the total number of share certificates and other instruments tendered did not reach the minimum number of shares to be purchased, 849,600 shares.
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.