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Kakaku.com, Inc.

Kakaku.com, Inc., together with its subsidiaries, provides purchase support, restaurant review, and other services in Japan. It operates Kakaku.com that provides prices, specifications, and user reviews on various products and services, such as computers, home appliances and smartphones, furniture, internet providers, and insurance and loans to help users make informed decisions; and Tabelog.com, a restaurant discovery and reservation service site. The company also operates Kyujin Box, a comprehensive job search service site; Sumaity, a residential real estate website; 4 travel, a travel review and comparison site; Kakaku.com Insurance, a consulting service for insurance selection; Time Design, a dynamic package reservation platform; icotto, an online travel information media; Bus Hikaku Navi, a price comparison service for highway and overnight buses; Tabi Hikaku Navi, a comparison service for domestic tours and travel within Japan, including prices and itineraries; and Kakuyasu Idou, a comparison site for the cheapest bus, airline and bullet train tickets. In addition, it operates Bus Trip, an online media on highway busses and bus tours; Kinarino, a Lifestyle media; LiPLUS, a home service matching platform; PHOTOHITO, a photo sharing community site; webCG, an online media for car enthusiasts; Tabelog Kyujin, a restaurant and foodservice; and Jobcube, a comprehensive job search service site. The company was founded in 1997 and is headquartered in Tokyo, Japan.

Price · split & dividend adjusted
News & notes moving 2371.JP
2371.JP

EQT Extends Tender Offer for Kakaku.com to September 10, Raises Price by 1 Yen

European investment firm EQT announced on the 27th that it will extend the tender offer period for Kakaku.com until September 10. The tender offer price will also be raised from 3,570 yen to 3,571 yen per share. U.S. investment fund Bain Capital and LINE Yahoo have made acquisition proposals for Kakaku.com, raising their potential tender offer price to 3,520 yen. Kakaku.com's closing price on the 27th was 3,673 yen, up 0.36% from the previous trading day.
Reuters·1hRead more ▾
2371.JP

Oasis says it will not support buyout offer below 3,640 yen per share for Kakaku.com

Hong Kong fund Oasis Management said on the 19th that among multiple buyout proposals for Kakaku.com, in which it holds about 19.5% of shares, the tender offer of up to 3,640 yen per share currently proposed by the LINE Yahoo consortium is the best option for minority shareholders. It also said that as long as the price of the rival tender offer by European investment firm EQT, at 3,570 yen, is below the LINE Yahoo camp's offer, it has no intention of tendering its shares to EQT. Kakaku.com has expressed support for EQT's buyout proposal, and on the 13th the price was raised from 3,450 yen to 3,570 yen per share. LINE Yahoo, teaming up with US investment fund Bain Capital, set the purchase price at 3,520 yen per share if it launches a tender offer for Kakaku.com, and at 3,640 yen if it signs an agreement under which major shareholder KDDI will not tender. LINE Yahoo has made Kakaku.com's expression of support a condition for launching the tender offer. KDDI has already signed a non-tender agreement with EQT, and can tender to a rival offer only if that rival offer is launched at a price more than 2% above EQT's tender offer price. For this reason, Kakaku.com regards the 3,640 yen price as unfeasible, but Oasis said that if EQT's tender offer fails, the main obligations under the existing contract would lapse, making a tender offer at 3,640 yen feasible. It also called on Kakaku.com to take steps such as withdrawing its support for EQT's proposal.
Reuters·8dRead more ▾
2371.JP3

EQT Raises Tender Offer Price for Kakaku.com to 3,570 Yen

Swedish investment fund EQT announced on the 13th that it has raised its tender offer price for Kakaku.com to 3,570 yen per share. This is the second increase, and the tender offer period has also been extended to the 27th. Regarding Kakaku.com, LINE Yahoo has also proposed an acquisition together with U.S. investment fund Bain Capital, making it a bidding war.
時事通信·13dRead more ▾
2371.JP4

EQT Extends Tender Offer for Kakaku.com Again to August 17

European investment firm EQT announced on the 31st that it has extended the tender offer period for Kakaku.com from the previous deadline of August 3 to August 17. EQT launched the tender offer on May 13, and on July 17 raised the offer price from 3,000 yen to 3,450 yen per share while extending the period from July 22 to August 3. Meanwhile, LINE Yahoo, which has also made a takeover proposal, announced on the 29th that it would raise its offer price to 3,520 yen per share in partnership with US investment fund Bain Capital if it proceeds with a tender offer, and that the price would be raised from 3,500 yen to 3,640 yen per share if major shareholder KDDI agrees not to tender its shares. Kakaku.com's closing price on the 31st was 3,690 yen, up 0.22 percent from the previous trading day.
Reuters·27dRead more ▾
2371.JP

Bain and LY Weigh Higher Kakaku Bid as Shares Jump Nearly 60%

Bain Capital and LY Corp. are considering a fresh joint takeover offer for Kakaku.com that would likely exceed EQT AB's 3,450 per-share bid. People familiar with the discussions said a proposal could be presented within days, though no final decision has been made. Kakaku.com shares have climbed almost 60% this year, giving the company a market value of approximately $4.5 billion. EQT has extended its tender-offer period until August 3 and is in talks with shareholder Oasis Management, while Kakaku.com continues to support EQT's offer. Bain Capital and Kakaku.com declined to comment, and LY Corp. did not respond to a request for comment.
GuruFocus·30dRead more ▾
2371.JP3

EQT Consortium Raises Tender Offer Price for Kakaku.com to JPY 3,450 Per Share

The EQT-led consortium has raised its tender offer price for Kakaku.com to JPY 3,450 per share, exceeding the JPY 3,384 price in a competing proposal. The revised price, up from the original JPY 3,000 per share, aims to reduce uncertainty and facilitate timely completion of the transaction. The consortium, which includes BPEA Private Equity Fund IX and Digital Garage, has already obtained all necessary regulatory clearances. The competing proposal contemplates a tender offer only commencing in September 2026 at the earliest and remains subject to various conditions, including regulatory approvals.
PR Newswire·41dRead more ▾
2371.JP

Kakaku.com major shareholder Oasis agrees to tender all shares in LINE Yahoo-led tender offer

Oasis Management, a major shareholder of Kakaku.com, has entered into an agreement on the 1st to tender all of its Kakaku.com shares in the planned tender offer by LINE Yahoo and Bain Capital. Oasis holds a 19.52% stake in Kakaku.com, and according to a change report, its ownership percentage remains unchanged. The obligation to tender will lapse if Sweden's EQT, which is conducting a prior tender offer, makes a proposal that exceeds the current offer price by 1% or more. The LINE Yahoo-Bain tender offer is priced at up to 3,500 yen per share, is conditional on Kakaku.com expressing support, and is expected to commence around September.
Reuters·50dRead more ▾
2371.JP

EQT Extends Tender Offer for Kakaku.com Again to the 22nd

Swedish investment firm EQT announced it is extending the period of its tender offer for Kakaku.com to the 22nd. The offer price remains unchanged at 3,000 yen per share. This move follows Kakaku.com's decision on the 2nd to withdraw its recommendation for EQT's tender offer and leave the decision to shareholders. On the 1st, LINE Yahoo announced a formal acquisition proposal for Kakaku.com at 3,384 yen per share.
Reuters·51dRead more ▾