Worth reading
72In focus
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
22852
¥ millionWording
Conditional
How definitive the wording is.This transaction
This tender offerCounterparty (target company)ALBIS Co.,Ltd.
Disclosing companyLIFE CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Operation of food supermarkets
Location Imizu, Toyama PrefectureShare capital ¥4,908 million (as at 31 March 2026)Date of incorporation 23 December 1968
Net Sales¥99,850 million (fiscal year ending March 2026)
Operating profit¥2,155 million (fiscal year ending March 2026)
Net income for the current fiscal year¥1,324 million (fiscal year ending March 2026)
Net assets¥32,984 million (fiscal year ending March 2026)
Consideration and expenses
Acquisition price¥22,852 million
Expenses other than the acquisition priceAdvisory fees and other costs are not included in the acquisition price, but the amount is Not disclosed
Type of ConsiderationCash
Tender offer price¥3,780 per common share
Minimum number of shares to be purchased4,171,200 shares
Tender offer period9 September 2026 to 10 November 2026 (40 business days)
Impact on Business Performance
The impact of the change in subsidiary resulting from this tender offer on the tender offeror's consolidated results is currently being reviewed.
Procedures and assumptions
Conditions Precedent to ExecutionFollowing completion of the tender offer and settlement, a squeeze-out procedure is planned. The specific procedure, timing and other details will be determined in consultation with the target company and announced once decided.
Management structure after acquisitionMitsubishi Corporation plans to continue holding shares in the target company after its privatisation. If the squeeze-out procedure is carried out, the target company's shares are expected to be delisted from the Tokyo Stock Exchange Prime Market. The treatment of other representatives and employees is Not disclosed
| Item | Details |
|---|---|
| Transaction name | This tender offer |
| Counterparty name | ALBIS Co.,Ltd. |
| Name of the Subject Company | ALBIS Co.,Ltd. |
| Business Description of the Subject Company | Operation of food supermarkets |
| Location of the Subject Company | Imizu, Toyama Prefecture |
| Capital Stock of the Subject Company | ¥4,908 million (as at 31 March 2026) |
| Date of Establishment of the Subject Company | 23 December 1968 |
| Net Sales of the Subject Company | ¥99,850 million (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | ¥2,155 million (fiscal year ending March 2026) |
| Net Income of the Subject Company | ¥1,324 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥32,984 million (fiscal year ending March 2026) |
| Acquisition price | ¥22,852 million |
| Expenses other than the acquisition price | Advisory fees and other costs are not included in the acquisition price, but the amount is Not disclosed |
| Type of Consideration | Cash |
| Tender offer price | ¥3,780 per common share |
| Minimum number of shares to be purchased | 4,171,200 shares |
| Tender offer period | 9 September 2026 to 10 November 2026 (40 business days) |
| Number of shares acquired | 6,045,556 shares (number of voting rights: 60,455) |
| Voting rights ownership percentage | Before 0.00% → after 72.32% |
| Impact on Business Performance | The impact of the change in subsidiary resulting from this tender offer on the tender offeror's consolidated results is currently being reviewed. |
| Date of board resolution | 8 September 2026 |
| Execution Date / Effective Date | 17 November 2026 (scheduled start date of settlement for this tender offer) |
| Conditions Precedent to Execution | Following completion of the tender offer and settlement, a squeeze-out procedure is planned. The specific procedure, timing and other details will be determined in consultation with the target company and announced once decided. |
| Management structure after acquisition | Mitsubishi Corporation plans to continue holding shares in the target company after its privatisation. If the squeeze-out procedure is carried out, the target company's shares are expected to be delisted from the Tokyo Stock Exchange Prime Market. The treatment of other representatives and employees is Not disclosed |
Items this document does not state (8)
Merger ratio/share exchange ratioFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial Committee
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.This disclosure does not explain the specific purpose or reasons for conducting the tender offer. The policy following the tender offer is stated to remain unchanged from the details announced on 8 September 2026.
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