Toyota's ¥2,725 tender targets 108.75mn shares held by insurers
Toyota is offering ¥2,725 a share for up to 108.75mn of its own shares held by non-life insurers, a cash cost of about ¥296.4bn, with the shares to be cancelled.
Japan Autos & Transport Company News
Earnings, deals and disclosures from Japan's listed autos & transport companies, in English.
Toyota lifts buyback ceiling to ¥1.3tn and plans ¥2,725 tender for insurers' shares
Toyota raised its buyback ceiling to ¥1.3tn from ¥1tn and will tender for up to about 108.75 million shares held by Tokio Marine, Sompo Japan and MS&AD units at a 10% discount, using cash on hand.
Farallon takes 5.02% of Yamato Holdings and proposes the chairman's exit
Farallon Capital Management disclosed a 5.02% stake in Yamato Holdings and says it has proposed, by letter and in meetings, that the chairman leave the board and that all directors except the president be outside directors.
Bridgestone's ¥150bn buyback hit its value cap with 71% of its share ceiling used
Bridgestone's buyback used up its ¥150bn value cap with 42,649,100 shares bought, 71.1% of the share ceiling, and the company cancelled the same number of treasury shares on September 18.
Axelspace plans ¥4.3bn warrant raise, if fully exercised, after satellite faults
Axelspace Holdings will issue warrants over 16.5mn shares, 24.78% of voting rights, to SMBC Nikko Securities after faults in four GRUS-3 satellites; proceeds are about ¥4.3bn if all are exercised at the initial price and about ¥2.6bn at the floor.
Suzuki Motor plans restricted-share awards for 20,028 employees from July 2027
Suzuki Motor will give 20,028 employees restricted treasury shares worth ¥824.95mn from July 2027, locked until June 2032 and forfeited on early departure unless the board accepts the reason, at a dilution of 0.02%.
Odakyu sets 3.428% coupon on ¥21.5bn green bond, 2.732% on five-year tranche
Odakyu will pay 2.732% on a ¥10.5bn five-year bond and 3.428% on a ¥21.5bn ten-year green bond, whose proceeds are assigned to clean-transport investment such as rolling stock by March 2030.
Toyota buys back ¥108.5bn of shares in September, lifting total to ¥195bn
Toyota spent ¥108.5bn repurchasing 35.6mn shares in September, bringing cumulative buybacks under the ¥1tn authorization approved on 4 August to ¥195bn, or 19.50% of the yen cap.
JR East prices ¥70bn of bonds, with coupons from 2.395% to 3.456%
East Japan Railway's ¥70bn bond sale prices three-year paper at 2.395%, five-year at 2.761% and ten-year at 3.456%, with an AA+ rating from R&I and payment scheduled for October 16.
Mitsui O.S.K. Lines offers ¥22bn of bonds, with the money tied to LNG carriers
Mitsui O.S.K. Lines is offering ¥9.1bn of five-year bonds at 2.857% and ¥12.9bn of ten-year bonds at 3.681%, and plans to spend the ¥21.889bn net proceeds on LNG-carrier investment by March 2027.
Tokai Kisen president to resign over transport ministry action, with Yoshinori Kurasaki taking over
Tokai Kisen president Junichi Yamazaki will resign on October 31 over the transport bureau's October 2 action, handing the top job to Yoshinori Kurasaki, while nine officers return part of their monthly pay.
Hankyu Hanshin Lifts Buyback Ceiling to ¥50bn and Extends It to March 2027
Having used up its ¥30bn buyback early, Hankyu Hanshin Holdings raised the ceiling to ¥50bn and 12mn shares, 5.16% of shares outstanding excluding treasury stock, and moved the end date from October 2026 to March 2027.
K Line to Cancel 44.4 Million Treasury Shares, Cutting Its Count by Almost 7%
Kawasaki Kisen Kaisha's board has resolved to cancel the 44,429,000 treasury shares it bought back under a ¥130bn program, cutting its total issued shares by 6.95% to 594,743,067 when the cancellation takes effect on October 2, 2026.
ARCHION Decides to Borrow ¥200bn From New ¥250bn Credit Line for Its Truck Group
ARCHION, the parent of Hino Motors and Mitsubishi Fuso Truck and Bus, signed a ¥250bn syndicated facility led by Sumitomo Mitsui Banking Corporation and decided to borrow ¥200bn of it, mostly to refinance the two truck makers' existing short-term debt, with capital-floor covenants running through 2028.
Bridgestone Cancels 42.65 Million Treasury Shares, Trimming Its Share Count to 1.29 Billion
Bridgestone retired 42,649,100 treasury shares on September 18, cutting its outstanding share count to 1,291,387,942 under a board plan approved in February, a cancellation of shares held in treasury rather than a new buyback.
Nippon Seiki's ¥9.98bn Buyback Closes as Alps Alpine Plans a ¥6bn Gain
Nippon Seiki closed its ¥9.98bn ToSTNeT-3 share buyback on September 18 at essentially its board-approved ceiling, and Alps Alpine sold its full 3,000,000-share block into the deal. Alps Alpine plans to record a roughly ¥6bn special gain for the quarter, a figure that could still shift once transaction costs are finalized; separately, the effect on its full-year forecast remains under review.
Nippon Seiki's ¥50bn Bridge Loan for Toyo Densou Bars Two Straight Annual Losses
MUFG Bank is lending Nippon Seiki an unsecured ¥50bn for one year to fund its Toyo Densou acquisition, and the loan bars two straight years of consolidated pretax losses starting with the year ending March 2027, with refinancing into longer-term debt still to be arranged before the September 2027 deadline.
Toyota's August Buyback Spree Burns Through 8.65% of Its ¥1tn Repurchase Cap
Toyota repurchased ¥86.5bn of its own shares over twelve trading days in August, using up 8.65% of the ¥1tn value cap set by its board, and separately disposed of ¥3.44bn of treasury stock through a solicitation of takers.
HI-LEX Books ¥1.41bn Gain as It Sells Down Cross-Shareholdings Toward 10%-of-Net-Assets Target
A single stock sale hands HI-LEX Corporation a ¥1.411bn one-off gain, part of ¥15.988bn in cross-shareholding disposals this fiscal year as the auto-parts supplier works to cut policy-held shares to 10% or less of consolidated net assets, with no word yet on whether earnings guidance will change.
Nippon Yusen Commits Every Yen of a Planned Transition Bond to LNG-Fueled Ships
Nippon Yusen has amended its bond shelf registration to pledge that a planned transition bond will fund LNG-fueled vessels entirely, backed by a framework reviewed by DNV Business Assurance Japan, but the bond's size, maturity and payment date remain undecided.
NANKAI Prices ¥20bn Two-Tranche Bond to Refinance Debt Due by March 2027
NANKAI's ¥20bn refinancing splits into three-year notes at 2.375% and ten-year notes at 3.407%, both rated A by R&I, with net proceeds set aside to repay loans due before the end of March 2027.
Toyo Tire's ¥156.8bn-Cap Buyback Ends Mitsubishi Corp's Eight-Year Stake
A ToSTNeT-3 buyback capped at ¥156.8bn let Mitsubishi Corp tender its full 20% Toyo Tire stake and move to end the 2018 alliance that came with it, all disclosed through a correction to an already-filed interim report.
JR West sells ¥89.6bn in bonds, sends the biggest slice to new trains
West Japan Railway's ¥52.4bn sustainability tranche funds new commuter and shinkansen rolling stock, while the shorter two bonds simply roll over maturing debt.
Isuzu Prices ¥40bn Bond Sale to Refinance Debt Coming Due Next Month
The truckmaker will pay 2.595% on new five-year notes and 2.948% on seven-year notes, raising ¥40bn largely to retire ¥30bn of bonds maturing on September 29.