Money Forward extends tender offer for OutlookConsulting due to FEFTA reclassification

Money Forward Consulting, Inc. commenced a tender offer for OutlookConsulting Co., Ltd. on November 13, 2025. Initially, the tender offeror did not believe a FEFTA Prior Notification was necessary, as foreign legal entities' ownership of its parent company, Money Forward, was approximately 42% as of November 30, 2024.

However, preliminary data received on December 3, 2025, for the fiscal year ended November 30, 2025, showed that foreign legal entities’ ownership of Money Forward's common shares reached 50% or more. This discovery, made in mid-December 2025, reclassified the tender offeror as a "foreign investor" under FEFTA, requiring a prior notification for the share acquisition.

Consequently, the tender offeror filed and had the FEFTA Prior Notification accepted on December 18, 2025. Given that the examination by authorities and the prescribed waiting period have not yet concluded, the tender offeror extended the Tender Offer Period to January 20, 2026, from the original December 25, 2025. This extends the offer by 12 business days, making it a total of 42 business days. The settlement commencement date has also been adjusted to January 27, 2026, from the previous January 6, 2026. OutlookConsulting's capital stock as of September 30, 2025, has also been updated to JPY 145.07 million, from JPY 144.46 million.