BASE, INC. tender offer
ID: 4477-20260831 / Deal data (JSON)
Overview
- Target
- BASE, INC. (4477)
- Sector
- Information & Communication
- Acquirer
- SBINM LLC
- Type
- TOB
- Status
- Open
- Tender offer filing date
- 2026-08-31 Open on EDINET
Offer terms
| Item | Value | History |
|---|---|---|
| Offer price per common share | ¥340 [1] | — |
| Offer period end | 2026-10-15 [2] | — |
| Offer period (business days) | 30 business days [2] | — |
| Maximum shares | 23,792,300 shares [3] | — |
Premiums (as stated in filings)
| Basis | As of | Value |
|---|---|---|
| Closing price on the business day before announcement | 2026-08-27 | 9.3%[4] |
| 1-month simple average closing price | 2026-08-27 | 13.0%[5] |
| 3-month simple average closing price | 2026-08-27 | 18.9%[6] |
| 6-month simple average closing price | 2026-08-27 | 18.1%[7] |
Premiums are as stated in the filings (not recalculated from market prices).
Valuations
| Valuer | Engaged by | Method | Value per share | Discount rate | Perpetual growth rate |
|---|---|---|---|---|---|
| AGS FAS Co., Ltd. | Acquirer | DCF method | ¥313 〜 ¥366[8] | — | — |
| AGS FAS Co., Ltd. | Acquirer | Market price method (市場株価法) | ¥286 〜 ¥311[9] | — | — |
Timeline (filings)
| Filing | Date | Filer | docID |
|---|---|---|---|
| Tender Offer Registration Statement | 2026-08-31 | SBINM LLC | S100YZOD |
| Position Statement | 2026-08-31 | BASE, INC. | S100YZP9 |
| Amended Tender Offer Registration Statement | 2026-09-08 | SBINM LLC | S100Z11G |
Sources
- Tender Offer Registration Statement (S100YZOD) 2026-08-31
Original text (Japanese): 普通株式1株につき金340円(以下「本公開買付価格」といいます。)
- Tender Offer Registration Statement (S100YZOD) 2026-08-31
Original text (Japanese): 公開買付期間は30営業日、2026年10月15日(木)までとなります。
- Tender Offer Registration Statement (S100YZOD) 2026-08-31
Original text (Japanese): 23,792,300(株)
- Position Statement (S100YZP9) 2026-08-31
Original text (Japanese): 本公開買付価格である 340 円は、本公開買付けの公表日の前営業日である2026年8月27日の東京証券取引所グロース市場における当社株式の終値 311 円に対して 9.32 %
- Position Statement (S100YZP9) 2026-08-31
Original text (Japanese): 同日までの過去1ヶ月間の終値の単純平均値 301 円に対して 12.96 %
- Position Statement (S100YZP9) 2026-08-31
Original text (Japanese): 同日までの過去3ヶ月間の終値の単純平均値 286 円に対して 18.88 %
- Position Statement (S100YZP9) 2026-08-31
Original text (Japanese): 同日までの過去6ヶ月間の終値の単純平均値 288 円に対して 18.06 %のプレミアムを加えた価格となるとのことです
- Position Statement (S100YZP9) 2026-08-31
Original text (Japanese): DCF法 : 313 円から 366 円
- Position Statement (S100YZP9) 2026-08-31
Original text (Japanese): 市場株価法 : 286 円から 311 円