Worth reading
62In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
10
Business daysWording
Conditional
How definitive the wording is.This transaction
This tender offerCounterpartyNice Corporation
Disclosing companyYamadai Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Consideration and expenses
Type of ConsiderationCash (¥601 per common share)
Tender offer price¥601 per common share
Minimum number of shares to be purchased402,600 shares
Tender offer periodFrom 2 June 2026 to 28 July 2026 (40 business days)
Procedures and assumptions
Conditions Precedent to ExecutionFollowing the completion of this tender offer and the execution of the parallel purchase, if the total number of voting rights held by the tender offeror is less than 90% of the total voting rights of all shareholders of the target company, a share consolidation or other measures are expected to be carried out.
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | Nice Corporation |
| Name of the Subject Company | Yamadai Corporation |
| Type of Consideration | Cash (¥601 per common share) |
| Tender offer price | ¥601 per common share |
| Minimum number of shares to be purchased | 402,600 shares |
| Tender offer period | From 2 June 2026 to 28 July 2026 (40 business days) |
| Date of board resolution | 1 June 2026 (resolution by the target company's board of directors to support the tender offer and recommend that shareholders tender their shares) / 13 July 2026 (decision by the tender offeror to extend the tender offer period) |
| Execution Date / Effective Date | 4 August 2026 (settlement commencement date) / Effective date of the share consolidation: Not disclosed |
| Conditions Precedent to Execution | Following the completion of this tender offer and the execution of the parallel purchase, if the total number of voting rights held by the tender offeror is less than 90% of the total voting rights of all shareholders of the target company, a share consolidation or other measures are expected to be carried out. |
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 ratioNumber of shares acquiredVoting rights ownership percentageFunding 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.After comprehensively considering the status of tenders by shareholders of the target company and the outlook for further tenders, among other factors, to provide shareholders with an additional opportunity to decide whether to tender their shares in 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.