Yamadai Corporation tender offer
ID: 7426-20260602 / Deal data (JSON)
Overview
- Target
- Yamadai Corporation (7426)
- Sector
- Wholesale Trade
- Acquirer
- Nice Corporation
- Type
- TOB
- Status
- Closed
- Tender offer filing date
- 2026-06-02 Open on EDINET
Offer terms
| Item | Value | History |
|---|---|---|
| Offer price per common share | ¥601 [1] | — |
| Offer period start | 2026-06-02 [2] | — |
| Offer period end | 2026-08-03 [3] | 2026-07-28[2] → 2026-08-03[3] |
| Offer period (business days) | 44 business days [3] | 40 business days[2] → 44 business days[3] |
| Minimum shares | 261,700 shares [4] | 402,600 shares[5] → 261,700 shares[4] |
| Shares tendered | 365,834 shares [6] | — |
| Result | Successful [7] | — |
Premiums (as stated in filings)
| Basis | As of | Value |
|---|---|---|
| Closing price on the business day before announcement | 2026-05-29 | 20.2%[8] |
| 1-month simple average closing price | 2026-05-29 | 19.7%[9] |
| 3-month simple average closing price | 2026-05-29 | -23.8%[10] |
| 6-month simple average closing price | 2026-05-29 | -38.8%[11] |
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 |
|---|---|---|---|---|---|
| Daiwa Institute of Research Ltd. | Acquirer | DCF method | ¥162 〜 ¥673[12] | — | — |
| Daiwa Institute of Research Ltd. | Acquirer | Market price method (市場株価平均法) | ¥500 〜 ¥982[13] | — | — |
| Japan Blue M&A Advisory Co., Ltd. | Target | DCF method | ¥383 〜 ¥751[14] | — | — |
| Japan Blue M&A Advisory Co., Ltd. | Target | Market price method (市場株価基準法) | ¥500 〜 ¥982[15] | — | — |
Revisions and inconsistencies
- Revised:
tob_terms:min_sharesS100YQ86: 402600.0 → S100YRAW: 261700.0 - Revised:
tob_terms:period_endS100YQ86: 2026-07-28 → S100YRAW: 2026-08-03 - Revised:
tob_terms:period_business_daysS100YQ86: 40.0 → S100YRAW: 44.0
Timeline (filings)
| Filing | Date | Filer | docID |
|---|---|---|---|
| Tender Offer Registration Statement | 2026-06-02 | Nice Corporation | S100Y82S |
| Position Statement | 2026-06-02 | Yamadai Corporation | S100Y855 |
| Amended Tender Offer Registration Statement | 2026-06-24 | Nice Corporation | S100YIR3 |
| Amended Tender Offer Registration Statement | 2026-06-29 | Nice Corporation | S100YN0Q |
| Amended Tender Offer Registration Statement | 2026-07-13 | Nice Corporation | S100YQ86 |
| Amended Position Statement | 2026-07-13 | Yamadai Corporation | S100YQA1 |
| Amended Tender Offer Registration Statement | 2026-07-17 | Nice Corporation | S100YRAW |
| Amended Position Statement | 2026-07-21 | Yamadai Corporation | S100YRIG |
| Tender Offer Report | 2026-08-04 | Nice Corporation | S100YU4I |
Sources
- Tender Offer Registration Statement (S100Y82S) 2026-06-02
Original text (Japanese): 本公開買付価格である601円は、本公開買付けの公表日の前営業日である2026年5月29日の東京証券取引所スタンダード市場における対象者株式の終値500円に対して20.20%
- Amended Tender Offer Registration Statement (S100YQ86) 2026-07-13
Original text (Japanese): 2026年6月2日(火曜日)から2026年7月28日(火曜日)まで(40営業日)
- Amended Tender Offer Registration Statement (S100YRAW) 2026-07-17
Original text (Japanese): 買付け等の期間 2026年6月2日(火曜日)から2026年8月3日(月曜日)まで(44営業日)
- Amended Tender Offer Registration Statement (S100YRAW) 2026-07-17
Original text (Japanese): 買付予定数の下限 261,700(株)(注)
- Tender Offer Registration Statement (S100Y82S) 2026-06-02
Original text (Japanese): 本公開買付けにおいて買付予定数の下限を402,600株(所有割合:36.24%)(注3)に設定しており
- Tender Offer Report (S100YU4I) 2026-08-04
Original text (Japanese): 応募株券等の総数(365,834株)
- Tender Offer Report (S100YU4I) 2026-08-04
Original text (Japanese): 応募株券等の総数(365,834株)が買付予定数の下限(261,700株)以上となりましたので、公開買付開始公告及び公開買付届出書(その後提出された公開買付届出書の訂正届出書により訂正された事項を含みます。以下同じです。)に記載のとおり、応募株券等の全部の買付け等を行います。
- Position Statement (S100Y855) 2026-06-02
Original text (Japanese): 2026年5月29日の東京証券取引所スタンダード市場における当社株式の株価終値500円に対して20.20%
- Position Statement (S100Y855) 2026-06-02
Original text (Japanese): 基準日までの直近1ヶ月間の終値単純平均値502円に対して19.72%のプレミアム
- Position Statement (S100Y855) 2026-06-02
Original text (Japanese): 同直近3ヶ月間の終値単純平均値789円に対して23.83%
- Position Statement (S100Y855) 2026-06-02
Original text (Japanese): 同直近6ヶ月間の終値単純平均値982円に対して38.80%のディスカウント
- Position Statement (S100Y855) 2026-06-02
Original text (Japanese): DCF法 :162円から673円
- Position Statement (S100Y855) 2026-06-02
Original text (Japanese): 市場株価平均法:500円から982円
- Position Statement (S100Y855) 2026-06-02
Original text (Japanese): DCF法 :383円から751円
- Position Statement (S100Y855) 2026-06-02
Original text (Japanese): 市場株価基準法:500円から982円