Culture Convenience Club said on 15 May it would launch a tender offer for Jimoty, the operator of a local classifieds platform for secondhand goods and jobs, at ¥1,420 a share, with the aim of making it a subsidiary and delisting it.
Why Culture Convenience Club Co., Ltd. is buying Jimoty Inc.
The two companies had already signed a basic agreement to work together on regional social issues; after the offer they plan to combine resources to speed up local economic revitalisation and problem-solving.
Deal terms and financing
The offer sought 9,839,972 shares with a minimum of 6,560,000 and no maximum, at a 61.36% premium to Jimoty's closing price of ¥880 on 15 May. Jimoty's board supported the bid and recommended that holders tender.
Regulatory approvals and timing
The offer ran from 18 May to 29 June 2026 without extension. With 8,658,670 shares tendered, CCC's group stake rose to 87.99% on 6 July, and CCC said it would take steps to become the sole shareholder, after which Jimoty will be delisted.
Market context
CCC runs retail, customer-data marketing and loyalty-point businesses. Jimoty is listed on the TSE Growth Market.
