Candidates / 1808

HASEKO Corporation1808・Construction

Activist stake: Ichigo. Of the listed companies with this trait in 2021–22, 1 in 5 was bought in the following four years or so — against 1 in 11 for all listed companies.

Taking every trait together, its score is 1.2x the average — #1079 of 3,751. The closest type of deal is private equity.

Score1.2xvs average; #1079 of 3,751
Past, similar score1 in 6were bought (17%)
Closest typePE fund
Price-to-book1.28xmarket value ¥721.6bn

Why it looks like past targets

Score by type of buyer

Typevs average for the type
Buyout by the parent0.3x
Management buyout1.7x
Private equity3.8x
Strategic buyer0.7x

Ownership

Top 10 shareholders

HolderTypeStake
いちごトラスト・ピーティーイー・リミテッドActivist19.7%
日本マスタートラスト信託銀行株式会社(信託口)Custodian/nominee11.9%
株式会社日本カストディ銀行(信託口)Custodian/nominee10.7%
株式会社りそな銀行Financial institution4.7%
長谷工グループ従業員持株会Employee/partner plan4.5%
住友不動産株式会社Company3.7%
長谷工コーポレーション東京取引先持株会Employee/partner plan1.6%
STATE STREET BANK AND TRUST COMPANY 505001Custodian/nominee1.4%
JP MORGAN CHASE BANK 385781Custodian/nominee1.3%
BNYM AS AGT/CLTS 10 PERCENTCustodian/nominee1.0%

From the annual report for the year to 2026-03-31. Holder types are assigned by name and can be wrong (for example, a founder’s company can look like an operating company). Annual report (PDF, EDINET)

Key figures

Controlling shareholder (over 50%)
No
Largest corporate holder
3.7%
Founder family (individuals and their companies)
0.0%
Officers
0.1%
Net cash ÷ market value
-4%
ROE
10.0%
Equity ratio
40%

Activist filings

Estimated cost = total acquisition funds ÷ shares held, from the latest report (or the previous one if the latest does not state the funds). Trades after the report's base date are not included. Stakes whose reports give no funding figure are left out. Share splits after the report are adjusted using the change in shares outstanding. Costs outside the stock's price range while held (0.8x the monthly low to 1.2x the high) are treated as reporting quirks (e.g. funds not updated after selling) and not shown. Stakes cut below 5% (mostly sold) are left out of the totals.

This site ranks listed companies by how closely their public filings (annual reports and large-shareholding reports) resemble past tender-offer and MBO targets. It is not a prediction that any company will be bought, is not based on any non-public information, and is not a recommendation to buy or sell. Not investment advice.

Updated 29 Sep 2026 00:48 JST