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1811 articles · newest first

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. Jul 3, 2026 · 2 min read

    Muninoba secures 77.67% of Anshin, sending the squeeze-out to a vote

    The move: Muninoba’s tender offer succeeded and Aiful is handing over its 6,408,000-share block on July 9, giving the buyer 77.67 per cent of Anshin Guarantor Service’s voting rights. The catch: that is still below 90 per cent, so the final squeeze-out and delisting steps now run through an early-September extraordinary meeting.

  6. Jul 3, 2026 · 1 min read

    Komatsu plans ¥50bn bond issue with ¥20bn green tranche

    The move: Komatsu disclosed a two-tranche unsecured issue, a ¥20bn three-year green bond and a ¥30bn five-year bond. The filing puts the deal under a ¥100bn shelf registered in November 2024, with no prior draws shown on the cover page.