Shobunsha Holdings Board Backs President-Led Buyout at 752 Yen
Shobunsha Holdings said on November 6, 2026 that its board supports a tender offer from MSE, an asset management company effectively run by President Shigeo Kuroda, and recommends shareholders tender their shares.
1 source 22h ago
Reporting from 1 source: GameBusiness.jp.
Why it matters
The buyout only clears if tenders reach 6,633,100 shares, and top shareholder MTI has already agreed to tender its 30.09%, so the outcome now rests on the smaller holders the board is asking to sell.
Key Facts
- Shobunsha Holdings' board resolved on November 6, 2026 to support MSE's tender offer and recommend that shareholders tender.
- The tender offer runs from November 9 to December 21, 2026 at 752 yen per share.
- MSE is effectively managed by President Shigeo Kuroda, who holds 10.49% of Shobunsha Holdings personally.
- Top shareholder MTI Ltd., at 30.09%, has agreed to tender all of its shares, alongside Founder Maple at 1.00%.
- The minimum planned purchase is 6,633,100 shares, or 37.03%, with no upper limit.
The offer runs from November 9 to December 21, 2026 at 752 yen per share. If completed, Shobunsha Holdings is expected to be delisted.
MSE holds 19.14% of Shobunsha Holdings and Shigeo Kuroda holds 10.49% personally. Kuroda has signed a non-tender agreement with MSE and will vote for the squeeze-out resolutions at the extraordinary shareholders meeting that follows the offer. MTI Ltd. at 30.09% and Founder Maple at 1.00% have each agreed to tender all their shares, 31.09% combined. Settlement funds are planned from loans by Mitsubishi UFJ Bank and Sumitomo Mitsui Banking Corporation, with the acquired shares expected as collateral.
Written with AI by Yomimono from the 1 cited source below, including Japanese-language reporting where cited. See our editorial policy.
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Sources
- GameBusiness.jp 昭文社HD、社長側のMBOで非公開化へ。買付価格は「752円」、筆頭株主エムティーアイも応募契約