Announcement • 18h
Uzabase, Inc. proposed to acquire Global Information, Inc. (TSE:4171) from Sosuke Higuchi, Megumi Higuchi, Ichitose, Satomi Tano, Satoru Ono and Yuko Ono for ¥5.0 billion. Uzabase, Inc. proposed to acquire Global Information, Inc. (TSE:4171) from Sosuke Higuchi, Megumi Higuchi, Ichitose, Satomi Tano, Satoru Ono and Yuko Ono for ¥5.0 billion on May 20, 2026. A cash consideration valued at ¥1680 per share will be paid by Uzabase, Inc. Minimum Number of Shares to be Acquired is 1,983,600 shares. The percentage of shares owned if the purchase is made at the lower limit of the planned number of purchases is 66.83%.
The transaction received approval of merger agreement by target board. Period of the Tender Offer is from May 21, 2026 to Wednesday, July 1, 2026 (30 business days).
KPMG FAS Co., Ltd. acted as financial advisor for Uzabase, Inc. Nagashima Ohno & Tsunematsu acted as legal advisor for Uzabase, Inc. Miyakezaka Sogo Law Offices acted as legal advisor for Global Information, Inc. New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (JP¥4.58b market cap, or US$28.8m). Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,544, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 14x in the Media industry in Japan. Negligible returns to shareholders over past three years. 
