Source disclosure: January 21, 2026
Money Forward,Inc. [3994.T]
TOKYO, Jan 21 (Kyodo) - Money Forward Inc., represented by President and Group CEO Osamu Tsujimoto, has announced the results of its tender offer for Outlook Consulting Co.'s securities (code number: 5596). The subsidiary of Money Forward Inc., Money Forward Consulting Co., initiated this public tender offer on November 13, 2025, following a board resolution made on November 12, 2025. This tender offer concluded on January 20, 2026.
The tender offer was conducted under the Financial Instruments and Exchange Law to acquire shares and other securities of Outlook Consulting Co., which is listed on the Tokyo Stock Exchange's Growth Market. The acquisition price set for each ordinary share was JPY 1,800. Additionally, new subscription rights were also included in the tender offer; the first round issued on March 31, 2022, had an exercise period from May 1, 2024, to April 28, 2032, priced at JPY 210 per right. The second round, issued on May 23, 2023, had an exercise period from June 1, 2025, to May 23, 2033, priced at JPY 1 per right.
Money Forward Consulting Co. aimed to purchase up to 1,011,249 ordinary shares without setting a lower limit, making it possible to buy all submitted securities. The total number of potential shares considered after accounting for outstanding subscription rights and excluding treasury stocks amounted to 3,208,748 shares. Notably, the company did not intend to acquire any of the target company’s own shares during the tender process. Furthermore, the tender offer covered additional shares that could be issued due to exercised subscription rights until the end date of the tender offer period.
For more detailed information regarding the tender offer's outcome, interested parties can refer to the announcement released today by Money Forward Consulting Co., titled "Announcement Regarding the Results of the Public Tender Offer for Securities of Outlook Consulting Co." The full document provides comprehensive insights into the transaction specifics, including the exact number of securities acquired and the final valuation metrics achieved through the tender process.
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