NTT DATA JAPAN Corporation made an offer to acquire JASTEC Co., Ltd. (TSE:9717) from Shigeru Kamiyama and Sasuyama Ltd and others for ¥34.2 billion in a tender offer transaction on April 5, 2024. consideration is made for ¥1,940 per share of common stock.After the completion of the Tender Offer, a series of squeeze out procedures will be carried out to make NTT DATA only shareholder of JASTEC and make JASTEC a wholly-owned subsidiary of NTT DATA. Transaction has been approved by JASTEC board of director's. Transaction is expected to complete on May 23, 2024.

Daiwa Securities Co. Ltd. acted as financial advisor to NTT Data Japan Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor to NTT Data Japan Corporation.

Kataoka Sogo Law Office acted as legal advisor to JASTEC Co., Ltd. SMBC Nikko Securities Inc. acted as financial advisor to JASTEC Co., Ltd.