Candidates / 3963

Synchro Food Co.,Ltd.3963・IT & telecoms

Activist stake: AVI. 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 2.1x the average — #339 of 3,751. The closest type of deal is strategic buyer.

Score2.1xvs average; #339 of 3,751
Past, similar score1 in 5were bought (20%)
Closest typeStrategic
Price-to-book1.91xmarket value ¥9.1bn

Why it looks like past targets

Score by type of buyer

Typevs average for the type
Buyout by the parent0.2x
Management buyout2.1x
Private equity3.6x
Strategic buyer3.6x

Ownership

Top 10 shareholders

HolderTypeStake
AVI JAPAN OPPORTUNITY TRUST PLC株式会社みずほ銀行Financial institution24.7%
エイトクラウズ株式会社Company9.6%
LIM JAPAN EVENT MASTER FUND株式会社みずほ銀行Financial institution8.4%
藤代 真一Individual6.7%
LICHFIELD LP株式会社三菱UFJ銀行Financial institution5.3%
LIM JAPAN EVENT MASTER FUND立花証券株式会社Custodian/nominee5.2%
大須賀 康人Individual4.5%
TAKUMI CAPITAL MANAGEMENT MASTER FUND LP香港上海銀行Financial institution4.3%
SG/UCITS V/INV香港上海銀行Financial institution4.0%
木下 圭一郎Individual3.1%

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
9.6%
Founder family (individuals and their companies)
14.3%
Officers
16.4%
Net cash ÷ market value
1%
ROE
5.4%
Equity ratio
41%

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