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  1. Jul 6, 2026 · 2 min read

    Sony Bank Commits $40mn to Launch a US Trust Company

    The number: Sony Bank is putting $40 million (about ¥6.4bn) behind a new wholly owned US trust company, Connectia Trust, National Association, due to open in July 2026, with room to add more capital later and no representative named yet.

  2. Jul 6, 2026 · 1 min read

    Kyodo Paper Holdings Books ¥70.4mn Loss After Tokyo Labour Bureau Voids Subsidy

    The number: the Tokyo Labour Bureau has cancelled Kyodo Paper Holdings' employment adjustment subsidy and confirmed a ¥70.4mn refund, which the paper wholesaler will book as an extraordinary loss in the first quarter of the fiscal year ending March 2027. The company had already applied to return the money voluntarily on June 26 and says it is tightening internal checks after the episode.

  3. Jul 6, 2026 · 2 min read

    Mezzanine Fund Locks In 17.8% Vote Behind Nippon Sheet Glass Buyout

    The number: 17.8% of Nippon Sheet Glass, 25.3 million shares, is now locked into a vote for a third-party share allotment and consolidation that would make Lumina Japan Acquisition the sole owner, with the pledge running through DBJ Corporate Mezzanine Partners' two mezzanine funds.

  4. Jul 6, 2026 · 2 min read

    Starts Corporation's President Scrapes Through Shareholder Vote With 66% Support

    The number: at Starts Corporation's June 26 shareholder meeting, all 11 director nominees were approved, but President Toyotaka Muraishi collected only 66.02% support and director Hisaji Muraishi got 69.08%, both markedly weaker than other nominees on the same ballot, one of whom won on an 89%-plus margin. The filing gives no stated reason for the gap.

  5. Jul 6, 2026 · 2 min read

    DISCO's Shipments Hit a Record ¥116.5bn, Outrunning the Sales Line It Books Late

    The number: DISCO's April-June shipments hit a record ¥116.5bn, up 18.7% from the prior quarter, while sales of ¥95.0bn still lagged behind because DISCO only books revenue once customers accept delivery. Generative-AI demand for its wafer-cutting and grinding tools drove the shipment record; full audited results land July 23.

  6. Jul 6, 2026 · 2 min read

    Tokyo Century's Aviation Arm Borrows $1.48bn, but the Covenants Sit on the Parent's Books

    The number: Aviation Capital Group's Irish funding arm signed a five-year, unsecured loan worth $1,476.5mn with a 33-bank syndicate led by DBS Bank. The catch: the covenants, an interest coverage floor of 1.5x, minimum net assets of $1.5bn, and an unsecured-asset cushion of 125% of unsecured liabilities, are tested against ACG's own consolidated balance sheet, not the borrowing entity's.

  7. Jul 6, 2026 · 2 min read

    Resonac's Petrochemical Carve-out Forces an Automatic Reset of Its Convertible Bond Price

    The number: Resonac will hand shareholders more than 80% of Culasus Chemical, its ¥300.3bn petrochemical unit, on October 1. The catch: the same carve-out triggers a formulaic cut to the conversion price on Resonac's 2028 euro-yen convertible bonds, sized by a five-day trading comparison between the two stocks from September 29 to October 5. The board still has to vote on the spin-off in late August, and the exact price adjustment won't be known until after that trading window closes.

  8. Jul 6, 2026 · 2 min read

    Toyota and Daimler Truck to Sell Down to 25% Each of Truck Maker ARCHION

    The catch: Toyota and Daimler Truck are both cutting their ARCHION stakes to 25%, but Toyota's voting rights fall further, to 19.9%, ending its status as an affiliated company, while Daimler Truck keeps 26.7% of the vote. Pricing on the up-to-906-million-share sale is set between July 22 and July 27.