Hakuhodo Dy Holdings extends tender offer, revises split effective date

Hakuhodo Dy Holdings announced a change to the effective date of its company split (simplified absorption-type split) involving HIBC Corporation and Time and Space Corporation to December 10, 2025, from the previously announced December 4, 2025. This adjustment is a direct consequence of extending the tender offer period for Digital Holdings shares.

The tender offer period for Digital Holdings shares was initially from September 12, 2025, to November 27, 2025, and has now been extended to December 3, 2025. Concurrently, the minimum tender offer quantity was revised from 7,572,454 shares (40.55% ownership) to 4,607,448 shares (24.67%), and the tender offer price for common stock was increased from 1,970 yen to 2,015 yen. Additionally, the tender offer price for 9th stock acquisition rights was raised from 79,100 yen to 83,600 yen, and for 10th stock acquisition rights from 95,400 yen to 99,900 yen. The company split’s effective date was contingent on the successful completion of this tender offer, leading to its postponement. Hakuhodo Dy Holdings expects no impact on its consolidated financial performance due to this change.