Source disclosure: January 07, 2026
Silver Egg Technology CO.,Ltd. [3961.T]
TOKYO — Silver Egg Technology Co., Ltd. announced today that its public tender offer initiated by Ilugrum Corporation (hereinafter referred to as "the bidder") concluded on January 6, 2026. The tender offer was aimed at acquiring common shares and third tranche subscription rights of Silver Egg Technology (hereinafter referred to as "company shares"). According to the report received from the bidder, the total number of company shares tendered exceeded the minimum purchase target of 1,181,700 shares, thus making the tender offer successful.
The outcome of this tender offer will result in significant changes to the company's shareholder structure starting January 14, 2026, which is the commencement date for settlement of the tender offer. As a consequence of purchasing all submitted company shares totaling 1,864,500 shares, Ilugrum Corporation will become the parent company and controlling shareholder of Silver Egg Technology, holding more than 50% of the voting rights. Additionally, Thomas Aquinas Foley, who previously held 1,605,800 shares (representing 53.94%) of the company’s outstanding stock, will no longer be considered a major shareholder after Ilugrum acquires 802,900 of his shares.
Ilugrum Corporation, established on June 4, 2001, has its headquarters located in Osaka City, Osaka Prefecture. With a capital of ¥318 million as of September 30, 2025, it engages primarily in marketing DX support services and commerce assistance businesses. Key shareholders include founder Shogo Iwata with a stake of 42.59%, followed by other significant investors such as Hirokazu Fukuda (12.43%), Kanako Yuzuka (5.31%), and Yoshihisa Yamashita (1.09%).
In contrast, Thomas Aquinas Foley currently holds 1,605,800 shares (53.94%) of Silver Egg Technology, while his spouse, Juniko Foley, owns Kyosan Corporation, which possesses an additional 140,000 shares (4.70%). After the completion of the tender offer, Foley will retain only 80,290 shares (26.97%), reducing his status to second among major shareholders. This change underscores the shift in control and influence within Silver Egg Technology following the acquisition process led by Ilugrum Corporation.
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