Hakuhodo DY Holdings to acquire Opt Holding, take it private

Opt Holding's board of directors has expressed support for Hakuhodo DY Holdings' tender offer to acquire all outstanding shares and stock acquisition rights. This move aims to make Opt Holding a wholly-owned subsidiary and delist its shares from the Tokyo Stock Exchange Prime Market.

The tender offer price for common shares is JPY 1,970 per share, JPY 79,100 per 9th stock acquisition right, and JPY 95,400 per 10th stock acquisition right. The board recommends that shareholders and stock acquisition right holders decide whether to tender their shares based on their own judgment, acknowledging that the offer price, while reasonable, may not fully incentivize active participation given current market trends.

The acquisition is expected to accelerate Opt Holding’s LTVM strategy, expand its client base, enhance AI utilization, and improve human resource development through collaboration with Hakuhodo DY Holdings’ diverse group. Opt Holding has resolved to revise its dividend forecast for the fiscal year ending December 2025 to zero for the year-end dividend and to dissolve and liquidate its consolidated subsidiary, Bancable, due to limited synergies with Hakuhodo DY Holdings. The tender offer period is set for 30 business days, from September 12, 2025, to October 28, 2025.