Latest Tokyo Brief coverage on DIGITAL HEARTS HOLDINGS Co., Ltd., tracking filings, financial news, and market signals from Japan.
TSE:3676
Sandbox K.K., a holding company owned outright by Digital Hearts Holdings' chairman, is set to cross 50% of voting rights after shareholders tendered nearly double the required minimum, and the chairman and his vehicle now plan to squeeze out remaining holders before delisting the stock from the Tokyo Stock Exchange's Prime market.
A September 30 record date sets up a shareholder meeting that would leave just the tender offerer, Sandbox, and Digital Hearts' own chairman holding stock, but only if the takeover bid succeeds.
Digital Hearts' chairman and his holding vehicle already own 45% of the company; through his own bidding company he is now offering ¥1,060 a share for the rest, with the tender window closing September 24, 2026.
Digital Hearts' own chairman is using a new holding company to buy out public shareholders at ¥1,060 a share, and the board has already zeroed out next year's dividend to make the offer's math work.
Current holdings disclosed by tracked funds.
| Fund | NAV weight | Holdings as of |
|---|---|---|
| NEXT FUNDS TOPIX-17 IT & SERVICES, OTHERS ETF | 0% | 30 Oct 2026 |
| iShares Core TOPIX ETF | 0% | 4 Nov 2026 |
| The Japanese Small Company Series | 0% | 31 Jul 2026 |
| iFreeETF TOPIX (Quarterly Dividend Type) **** | 0% | 4 Nov 2026 |
| Listed Index Fund TOPIX **** | 0% | 4 Nov 2026 |
| NEXT FUNDS TOPIX Exchange Traded Fund | 0% | 30 Oct 2026 |
| MAXIS TOPIX ETF | 0% | 4 Nov 2026 |
| iFreeETF TOPIX (Yearly Dividend Type) **** | 0% | 4 Nov 2026 |
| One ETF TOPIX | 0% | 4 Nov 2026 |