“Snow Peak” managers aim to go private by buying back their own shares. Outdoor equipment manufacturer "Snow Peak" in Sanjo City, Niigata Prefecture, has a management board where managers buy the shares of their listed companies.
If the tender offer is successful, the company is expected to be delisted from the TSE prime market. In Japan, the number of companies implementing MBO has been increasing since last year, and it has been pointed out that the Tokyo Stock Exchange is asking companies to engage in management that is conscious of corporate value and stock prices.