Money Forward subsidiary launches tender offer for OutlookConsulting

Money Forward Cloud Corporate Performance Management Consulting, Inc. (MFCC) announced a tender offer to acquire all common shares and share acquisition rights of OutlookConsulting Co., Ltd. This follows a previous tender offer that made OutlookConsulting a consolidated subsidiary of Money Forward, with MFCC owning 68.48% of its voting rights as of September 30, 2024. The tender offer price is 1,800 yen per common share, 210 yen for First Series Share Acquisition Rights, and 1 yen for Second Series Share Acquisition Rights, running from November 13, 2025, to December 25, 2025.

OutlookConsulting's board of directors voted to support the tender offer, recommending shareholders tender their shares and First Series Share Acquisition Rights. This strategic move aims to integrate management and enhance the corporate value of both Money Forward Group and OutlookConsulting by establishing an agile management structure. Mizuho Securities Co., Ltd. provided a share valuation report for OutlookConsulting, with fair value ranges between 1,000 yen and 2,316 yen per share.

OutlookConsulting shares are currently listed on the TSE Growth Market, but delisting is anticipated following the tender offer. Money Forward disclosed interim financial results for OutlookConsulting, reporting sales of 859,431 thousand yen for the six months ending March 31, 2026.