Results of the Tender Offer for the Company's Shares by IAPF３株式会社 and Changes in the Parent Company, Major Shareholders and Largest Shareholder among the Major Shareholders
WATT MANN CO.,LTD., IAPF３株式会社, Kawabata Yasushi (川畑泰史), and HARD OFF CORPORATION Co.,Ltd.
Common shares of WATT MANN CO.,LTD.
The number of shares tendered in the tender offer was 6,258,008, exceeding the minimum number of shares to be purchased of 3,592,600 shares.
Change in voting rights ownership ratio
The voting rights ownership percentage is the proportion of the voting rights exercisable at a shareholders' meeting held by the shareholder.
IAPF３株式会社: 0 voting rights, 0%. Kawabata Yasushi (川畑泰史): 17,920 voting rights, 20.48%, or 1,792,000 shares. HARD OFF CORPORATION Co.,Ltd.: 12,888 voting rights, 14.73%, or 1,288,800 shares. The record date was 31 December 2025, among other dates.
IAPF３株式会社: 62,580 voting rights, 71.53%, or 6,258,008 shares. Kawabata Yasushi (川畑泰史): 17,920 voting rights, 20.48%, or 1,792,000 shares. HARD OFF CORPORATION Co.,Ltd.: no longer qualifies as a major shareholder; ownership status: Not disclosed. Scheduled change date: 9 April 2026.
Related procedures
Tender offer and procedures to take the company private through a share consolidation and other measures following the tender offer
Tokyo Stock Exchange, Inc.; procedures under the Financial Instruments and Exchange Act
The tender offeror plans to promptly request the convening of an extraordinary general meeting of shareholders to consider proposals for a share consolidation and amendments to the articles of incorporation to abolish the provisions on the number of shares constituting one unit. As a result of the procedures to take the company private, the shares of WATT MANN CO.,LTD. are expected to be delisted. The specific procedures and implementation schedule will be disclosed promptly once determined.
Details of the future procedures and implementation schedule will be disclosed promptly once determined.
| Item | Details |
|---|---|
| Event name | Results of the Tender Offer for the Company's Shares by IAPF３株式会社 and Changes in the Parent Company, Major Shareholders and Largest Shareholder among the Major Shareholders |
| Date of occurrence | 2 April 2026 (tender offer completed); 9 April 2026 (scheduled shareholder change) |
| Date recognized / date notice received | 3 April 2026 |
| Subject Entity | WATT MANN CO.,LTD., IAPF３株式会社, Kawabata Yasushi (川畑泰史), and HARD OFF CORPORATION Co.,Ltd. |
| Target Locations / Products | Common shares of WATT MANN CO.,LTD. |
| Cause | The number of shares tendered in the tender offer was 6,258,008, exceeding the minimum number of shares to be purchased of 3,592,600 shares. |
| Type of litigation or proceeding | Tender offer and procedures to take the company private through a share consolidation and other measures following the tender offer |
| Court or authority | Tokyo Stock Exchange, Inc.; procedures under the Financial Instruments and Exchange Act |
| Voting rights ownership percentage before the change | IAPF３株式会社: 0 voting rights, 0%. Kawabata Yasushi (川畑泰史): 17,920 voting rights, 20.48%, or 1,792,000 shares. HARD OFF CORPORATION Co.,Ltd.: 12,888 voting rights, 14.73%, or 1,288,800 shares. The record date was 31 December 2025, among other dates. |
| Voting rights ownership percentage after the change | IAPF３株式会社: 62,580 voting rights, 71.53%, or 6,258,008 shares. Kawabata Yasushi (川畑泰史): 17,920 voting rights, 20.48%, or 1,792,000 shares. HARD OFF CORPORATION Co.,Ltd.: no longer qualifies as a major shareholder; ownership status: Not disclosed. Scheduled change date: 9 April 2026. |
| Outlook | The tender offeror plans to promptly request the convening of an extraordinary general meeting of shareholders to consider proposals for a share consolidation and amendments to the articles of incorporation to abolish the provisions on the number of shares constituting one unit. As a result of the procedures to take the company private, the shares of WATT MANN CO.,LTD. are expected to be delisted. The specific procedures and implementation schedule will be disclosed promptly once determined. |
| Planned follow-up disclosure | Details of the future procedures and implementation schedule will be disclosed promptly once determined. |
Items this document does not state (13)
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.The tender offer was successfully completed because the number of shares tendered exceeded the minimum number of shares to be purchased.