TX1 Co., which is making a tender offer for Project Holdings (9246), said Japan's Fair Trade Commission will not issue a cease-and-desist order and has shortened the share acquisition prohibition period to 22 days from 30, prompting an amended tender offer filing on Oct. 6, 2026.
TX1 announced the tender offer for the Tokyo Stock Exchange Growth-listed company on Sept. 28, 2026, and filed its tender offer registration statement on Sept. 29. It submitted a prior notification to the Japan Fair Trade Commission (JFTC) under the Antimonopoly Act on Sept. 9, 2026, which was accepted the same day. The waiting period and acquisition prohibition period had been scheduled to expire, in principle, at the end of Oct. 9, 2026.
On Oct. 2, TX1 received two JFTC notices dated Oct. 1:
| Item | Detail |
|---|---|
| Notice of no cease-and-desist order | Kokeiki No. 1345; waiting period ended Oct. 1, 2026 |
| Notice of shortened prohibition period | Kokeiki No. 1346; cut to 22 days from 30, ended at the close of Oct. 1, 2026 |
The previous wording said TX1 could withdraw the offer if, by the day before the offer period ends, it received advance notice of a cease-and-desist order requiring disposal of target shares or transfer of part of a business, if the waiting period had not ended, or if a court petition for an emergency suspension order was filed under Article 10(1) of the Antimonopoly Act. The revised text instead states that both periods have ended.
TX1 filed the amended statement with the Director-General of the Kanto Local Finance Bureau under Article 27-8(2) of the Financial Instruments and Exchange Act and revised its Sept. 28 announcement accordingly. Project Holdings published the release at TX1's request. The filing did not state the offer price or the tender offer period.
| 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。