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Latest Tokyo Brief coverage on Aozora Bank, Ltd., tracking filings, financial news, and market signals from Japan.
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Sumitomo Mitsui Trust Asset Management and a second Tokyo-registered fund manager now jointly hold 5.01% of Aozora Bank, a stake built through routine portfolio mandates rather than any push for board influence.
Baudroie's board has cancelled its planned ¥10.10 year-end dividend for the year to February 2027, contingent on Bain Capital's ¥2,970-a-share tender offer, which runs through October 5, to take the Tokyo Prime IT firm private, with founder-executives selling their 54.65% stake at a discounted ¥2,350 a share to stay on and roll over into the new owner.
A ¥63bn bank loan helped Ursa 4 push its stake in J.S.B. to 96.40%, and it has now set September 4 as the date to force out the company's remaining shareholders and warrant holders.
Kamgras 1, the vehicle bidding to take Kakaku.com private, raised its tender offer to ¥3,570 a share on August 13, its second increase since May, after funds advised by Bain Capital and LINE Yahoo offered as much as ¥3,640.
Aozora Bank's annual report fixes the recovery in audited numbers: parent profit swung to ¥25.7bn from a ¥49.9bn loss, while ordinary income rose to ¥242.3bn from ¥231.5bn. Total assets ended the year at ¥8.60tn and net assets at ¥491.6bn, enough to say the bank finished not just back in the black but on a sturdier balance-sheet footing.