Dentsu Soken, the Tokyo-listed IT consultancy, confirmed on August 28 that it has received a takeover proposal from ITOCHU Corporation aimed at taking the company private. The disclosure followed Nikkei reports on August 27 and 28 describing talks between ITOCHU and Dentsu Group, Dentsu Soken's parent company, over a possible privatization. Dentsu Soken said the reports were not something it had announced itself, but it did not deny the substance.
According to the company, ITOCHU plans to use a subsidiary to buy up shares held by investors other than Dentsu Group through a tender offer priced at ¥2,880 per common share. The structure would leave Dentsu Group's existing stake untouched while ITOCHU absorbs the rest of the free float, taking Dentsu Soken private in the process.
| Feature | Detail |
|---|---|
| Target company | Dentsu Soken (TSE: 4812) |
| Proposing bidder | ITOCHU Corporation, via a subsidiary |
| Proposed price | ¥2,880 per common share |
| Shares targeted | Held by shareholders other than parent Dentsu Group |
| Board response | Resolved on August 28, 2026 to support the offer and recommend shareholders tender |
| Remaining disclosure | Tender offer specifics to be announced once finalized |
The Dentsu Soken board met on August 28 and resolved to formally support the offer and recommend that shareholders tender their shares. That endorsement came before the tender offer itself has formally launched, with detailed terms still pending disclosure.
What is still missing is everything that normally accompanies a tender offer announcement: the acquirer's specific subsidiary vehicle, the tender period, and financing details. Dentsu Soken said only that it would disclose particulars once they are finalized. Until then, the ¥2,880-per-share figure and the board's support are the two hard facts on the table, and both point toward Dentsu Group retaining its stake while ITOCHU takes over the rest of the company.