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Update: Bain Capital Tops KKR Bid to Acquire Fuji Soft
Plasma, JINSHD, Koseido HD, etc.
Plunged. The company announced its financial results for the fiscal year ending in August 24 last weekend, with an operating profit of 1.47 billion yen, a decrease of 33.9% from the previous year. It fell slightly below the revised upward figure of 1.5 billion yen at the time of the third quarter financial results.
Dream Arts Research Memo (1): The fiscal year ending December 2024 has revised its initial plan upwards, aiming for double-digit growth in revenue and profit.
Dream Arts <4811> aims to contribute to the development of people, organizations, and society filled with the joy of co-creation as the mission, providing SaaS products including the enterprise-focused no-code*1 development tool 'SmartDB(R) (Smart Derbi)'. Proposing the concept of 'democratization of digital', it involves business personnel from non-IT specialized departments.
The afternoon Nikkei average started 551 yen higher, with Mitsukoshi Isetan, Fujisoft, etc. rising.
[Nikkei Stock Average ・ TOPIX (Table)] Nikkei Average; 40,157.43; +551.63 TOPIX; 2,733.67; +27.47 [Afternoon Opening Summary] The afternoon Nikkei average started slightly narrowing its gains from the morning close (40,232.45 yen), with an increase of 551.63 yen to 40,157.43 yen. During lunchtime, the Nikkei 225 futures traded weakly in the range of 40,180 yen to 40,270 yen. The dollar-yen rate was around 149.60-70 yen per dollar at around 9:00 AM.
Fujisoft---significant surge, Bain Capital formally proposes acquisition plan.
Sharp rise. Bain Capital, a US investment fund, has formally proposed an acquisition plan. If the company agrees, it seems that a tender offer bid will start at ¥9,450 per share in late October. The company is currently in favor of the ongoing TOB by KKR, but Bain's proposed price is 7% higher than KKR's level. There are also speculations about future increases in acquisition prices, and the stock price is moving at a level above this TOB price.
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