Gyo Asset raises Soft99 tender offer price, extends period

Gyo Asset Management Co., Ltd. has revised its tender offer for Soft99 Corporation shares, increasing the purchase price from JPY 2,465 to JPY 2,680 per share. This adjustment, announced on October 17, 2025, extends the tender offer period from October 17, 2025, to October 31, 2025, with the settlement start date moved to November 10, 2025.

The change follows an initial offer starting August 7, 2025, and subsequent recommendations from Soft99's special committee to let shareholders decide due to a competing bid. The special committee maintains its endorsement of the tender offer while reiterating that the decision to accept or reject the offer rests with the shareholders. The revised price represents a premium over the market price, aiming to secure the tender offer's success.