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Kamgras 1 raises Kakaku.com tender offer to ¥3,683, extends to Nov. 12

Wed, Oct 28, 2026 18:40 JST Kakaku.com (2371.T) Internet services 中文

Kamgras 1 K.K. raised its tender offer price for Kakaku.com (2371) to ¥3,683 a share from ¥3,682 on Oct. 28 and extended the offer period to Nov. 12, 2026, for a total of 125 business days.

Tender offer price¥3,683 (from ¥3,682)
Offer period endsNov. 12, 2026
Total offer period125 business days
Rival proposer's price¥3,597 (¥3,720 conditional)

Kamgras 1 launched the offer for Kakaku.com's common shares and stock acquisition rights on May 13, 2026. It also raised the price by ¥1 on Sept. 29 and on Oct. 14, each time extending the offer period by 10 business days in line with regulations.

ItemFigure
Sept. 29 revision¥3,681; offer to Oct. 14
Oct. 14 revision¥3,682; offer to Oct. 28
Oct. 28 revision¥3,683; offer to Nov. 12
Rival proposer's price¥3,597 (¥3,720 conditional)

The filing describes a rival proposer that has pre-announced a tender offer at ¥3,597 a share, with a conditional price of ¥3,720 contingent on reaching a non-tender agreement with KDDI. Under a tender offer agreement Kamgras 1 and Kakaku.com signed on May 12, 2026, Kakaku.com can support a rival bid and recommend that shareholders tender only if the rival's price is at or above Kamgras 1's offer price, now ¥3,683 or more. Under a non-tender agreement involving KDDI, KDDI can tender to the rival only if its price is at least 2% above Kamgras 1's price.

Kamgras 1 said neither rival price meets those thresholds, and that the rival changed its planned launch from "mid-September 2026" to "undecided" despite having completed the required clearance procedures. It said the proposal "can hardly be called sincere." The filing also said Kakaku.com's share price traded above the then-prevailing offer price as of Sept. 29 and Oct. 14.

The tender offer period now runs through Nov. 12, 2026.


Original filings
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