Striders Corporation (9816) said its board on Sept. 30, 2026 approved a simplified share exchange to make IT services company block party a wholly owned subsidiary, allotting 16,600 Striders shares for each block party share, or 597,600 treasury shares in total.
Because the deal is a simplified share exchange, Striders does not need shareholder approval under Article 796(2) of Japan's Companies Act. On the target's side, the exchange agreement was approved by a deemed resolution in lieu of a shareholders' meeting under Article 319(1). The two companies signed the agreement the same day. Striders will not issue new shares and will use treasury stock for the allotment.
Independent valuer Nexstride Partners LLC of Osaka calculated the ratio. Striders' shares were valued using the average market price method with Sept. 29, 2026 as the base date. Unlisted block party was valued by discounted cash flow, covering only its IT business. The agreed ratio falls within the calculated range.
| Item | Figure |
|---|---|
| Striders shares per block party share | 16,600 |
| block party equity value (DCF) | ¥120 million-¥155 million |
| Calculated ratio range | 12,366.53-17,389.85 |
| Striders closing price on base date | ¥257 |
| 1/3/6-month average close | ¥253.21 / ¥247.59 / ¥269.54 |
Founded on Nov. 20, 2013 and based in Tamano, Okayama Prefecture, block party mainly develops and operates web application systems and provides IT consulting. It has capital of ¥18 million and 36 shares outstanding. Its restaurant business was transferred to a separate entity effective Aug. 1, 2026, and the exchange is premised on the company being a pure IT business.
Striders, whose group operates real estate, hotel and investment businesses, said the deal will let it bring some outsourced IT work in-house. It also plans to use the unit for system integration and post-merger integration support at future investment and acquisition targets. A separate business cooperation and technology succession agreement will require at least five years of continued business operation and involvement.
The share exchange is scheduled to take effect on Oct. 30, 2026.
| Hikari Tsushin, Inc. | |
| Offer price | ¥1,000 per common share |
| M&A / TOB | 1 |
| Guidance | 0 |
| Buybacks | 0 |
| Dividends | 0 |
| Capital | 0 |
| Earnings | 0 |
| People | 0 |
Summaries of public disclosures by Japanese listed companies. Not investment advice; accuracy not guaranteed. Figures and dates in the TDnet originals prevail.
本站內容為日本上市公司公開開示之摘要整理，非投資建議，亦不保證正確。數字與日程以 TDnet 原文為準。
本サイトは日本の上場企業の適時開示を要約したものであり、投資助言ではありません。正確性は保証しません。数値・日程は TDnet の原文が優先します。