Rakus completes Kaonavi share tender, books JPY 1.49bn profit

Rakus Co., Ltd. (TSE:3923) announced the successful completion of the tender offer for all of its shares in Kaonavi, Inc. (Securities Code: 4435) to Keystone Investment Holdings, L.P., effective March 31, 2025. The tender offer, which commenced on February 14, 2025, saw Rakus tender all its Kaonavi holdings at a price of JPY 4,380 per share, resulting in total proceeds of JPY 2.542 billion. Settlement is scheduled for April 7, 2025. As a result of this transaction, Rakus anticipates recognizing an extraordinary profit of JPY 1.491 billion in its standalone and consolidated financial statements for the first quarter of the fiscal year ending March 2026. The company plans to release its full-year consolidated earnings forecast for the fiscal year ending March 2026 on May 14, 2025.